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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Rio Tinto’s new 2030 climate targets are linked to executive remuneration.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

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IEEE’s Plan To Help Combat Climate Change

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The IEEE Board of Directors formed an ad hoc committee on climate change in February to coordinate its response to the global threat. Rahman is a professor of electrical and computer engineering at Virginia Tech. The committee will be the face of IEEE on the global platform dealing with these issues.

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IRENA: doubling global share of renewable energy by 2030 could save trillions annually from avoided expenditures on pollution and climate change

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Doubling the share of renewables in the global energy mix by 2030 can save up to US$4.2 trillion annually by 2030—15 times more than the costs— according to a new report by the International Renewable Energy Agency (IRENA). Under existing national plans, the global renewables share would only reach 21% by 2030.

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Samsung Ventures makes strategic investment in renewable fuels company Raven SR

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Raven SR, a renewable fuels company ( earlier post ), announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach into the global market, especially in Asia-Pacific region. Samsung Ventures’ investment will expand Raven SR’s global reach to South Korea, a driving force in the hydrogen economy.

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GM and Shell to offer renewable energy solutions to US homeowners, EV owners and suppliers; Texas first

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General Motors and Shell, through its wholly owned subsidiary MP2 Energy, LLC, are collaborating to provide comprehensive energy solutions programs to GM’s customers and supply chain partners, including fixed-rate home energy plans backed by 100% renewable energy resources. of EV charging.

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U of Toronto study finds US electrification of LDV fleet not a silver bullet for tackling climate change in vehicle sector

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C global warming. Closing the mitigation gap solely with EVs would require more than 350 million on-road EVs (90% of the fleet), half of national electricity demand and excessive amounts of critical materials to be deployed in 2050—a scenario considered unrealistic. The paper is published in the journal Nature Climate Change.