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3 Oil Majors That Bet Big On Renewables

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An analysis of near-term spending plans on renewables by the biggest oil and gas companies shows that real investments in renewable energy will continue to pale in comparison to capex plans for greenfield fossil fuel projects. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio.

Oil 418
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California agencies release report charting path to 100% clean electricity; need to triple grid capacity by 2045

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By comparison over the last decade, the state has built on average 1 GW of utility solar and 300 megawatts (MW) of wind per year. About 36% of that comes from renewable sources, predominantly wind and solar. On average, the state may need to build up to 6 gigawatts (GW) of new renewable and storage resources annually.

Clean 170
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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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The findings are outlined in three new papers published in Earth System Science Data , Environmental Research Letters , and Nature Climate Change. —down 50% from its peak in 2005—displaced by cheaper natural gas, wind and solar power, as well as savings from energy efficiency. for the past year. Peters, R.M.

Carbon 195
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Study measures the effect of regional change in clouds caused by ships’ emissions; masking GHG warming

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Past attempts to measure this effect from ships had focused on places where the wind blows across the shipping lane, in order to compare the “clean” area upwind with the “polluted” area downstream. F), a change that the Intergovernmental Panel on Climate Change projects would have significant societal impacts. C, or 1.8

Emissions 223
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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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By comparison, many subsidies for renewables are time-limited initiatives implemented through energy bills, with expiration dates that limit their usefulness to the renewables industry. Tags: Climate Change Fuels Policy. Most of the largest subsidies to fossil fuels were written into the US Tax Code as permanent provisions.

Renewable 338
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World Bank report examines likely impacts and risks associated with a 4 °C global warming within this century

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The report is not a comprehensive scientific assessment, the authors note; one such is slated to be forthcoming from the Intergovernmental Panel on Climate Change (IPCC) in 2013–14 in its Fifth Assessment Report. The report authors acknowledge that uncertainties remain in projecting the extent of both climate change and its impacts.

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Report for IPCC finds renewables could supply up to 77% of global energy by 2050 under most optimistic scenario; need for enabling public policies and investments

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Up to 77% of the world’s energy supply could be met by six key renewables by mid-century under the most optimistic scenario if backed by the right enabling public policies, according to a new report by more than 120 researchers working with the Intergovernmental Panel on Climate Change (IPCC).

Renewable 218