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

Green Car Congress

Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone. All of humankind needs energy that is reliable, cleaner and more affordable.

Climate 218
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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

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Current levels of investments in low-carbon technology and infrastructure are substantially lower than the $500 billion per year deemed necessary by the International Energy Agency (IEA) to hold the increase of global average temperatures below 2 °Celsius—the target agreed to in Cancun last year.

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Perspective: The UN Approval Process for Carbon Offsets

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The other goal, of course, is the system’s ultimate purpose: to reduce greenhouse-gas emissions by channeling funds into cleaner technologies. One is to operate successfully as a market, with a steady supply of carbon offsets and varying prices to ensure that profits can be made.

Carbon 255
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Broad opposition to EPA, NHTSA proposed freeze of GHG, CAFE regs

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For consumers, the Administration claims: A $2,340 reduction in overall average vehicle ownership costs for new vehicles ($1,850 reduction in the average required technology costs and $490 reduction in ownership costs for financing, insurance, and taxes). billion reduction in regulatory costs through MY 2029. —The ICCT.

EPA 150
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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Experts predict that by the year 2060 global warming, if left unchecked, could result in a temperature rise of seven degrees Fahrenheit higher than temperatures before the Industrial Revolution when man started widespread use of coal and other fossil fuels. According to the IEA, global energy demand will grow 55% by 2030.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. The United States must reduce its global warming pollution emissions at least 80 percent below 2000 levels by 2050 to avoid some of the worst effects of global warming.

Gas 244