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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Alberta CCEMC providing $46M for carbon capture and storage and cleaner energy projects in oil sands region

Green Car Congress

Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. The projects have a combined value of more than $327 million (US$321 million).

Oil-Sands 225
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Heat Pumps—The Well-Tempered Future of A/Cs

Cars That Think

In other words, an incremental efficiency improvement in heating will have a much bigger overall impact on energy demand and therefore climate change. If air conditioning is going to be climate-friendlier, says Romanin, of Gradient Comfort, “it needs to be smart, talk to the grid, use better refrigerant, and be a heat pump.”

Future 142
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Provisional agreement reached on European CO2 standards for heavy-duty trucks; 30% lower by 2030

Green Car Congress

The European Parliament and the Council have reached provisional agreement on a regulation setting, for the first time in the EU, strict CO 2 emission standards for trucks. Under the agreement, emissions from new trucks will have to be 15% lower by 2025 and 30% lower in 2030 compared to 2019 emissions. —Erik Jonnaert.

Standards 281
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Automakers whine about €15B fine they knew they’d risk for pushing gas cars

Baua Electric

Photo by Simone Ramella on Flickr Renault CEO Luca de Meo said today that automakers collectively may need to pay ~€15B in fines if they miss 2025 emissions targets, as they’ve failed to ramp up efficient vehicle production in line with EU guidance – even as consumer EV demand continues to rise in Europe. km or lower. km or lower.

Gas 52
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Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions. Bank of America is also working to reduce greenhouse gas emissions from its own operations.

Climate 218
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Massachusetts sets state GHG emissions limit for 2020 at 25% below 1990 levels, releases plan with additional measures, including Pay As You Drive auto insurance

Green Car Congress

Massachusetts Energy and Environmental Affairs (EEA) Secretary Ian Bowles has set the statewide greenhouse gas (GHG) emissions limit for 2020 required by the Global Warming Solutions Act of 2008 at 25% below 1990 levels, the maximum authorized by the Act, saying that measures already in place will get Massachusetts much of the way toward that goal.