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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. —Luiza Demôro, project manager for BloombergNEF.

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2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

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in addition to Opus 12, they are: WILDCOAST (Imperial Beach, California) is working to secure a resilient coastline to help protect communities, economies and ecosystems from climate change impacts in the Gulf of California. is using pay-as-you-save financing to help transportation companies switch to electric buses.

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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on Climate Change (UNFCCC). existing climate change.

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Porsche launches carbon offsetting program for US drivers

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The available programs are focused on forest protection in the US, hydropower in Vietnam, solar energy in Mexico, and habitat preservation in Zimbabwe. Users can choose from four different internationally certified projects to support.

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Elements of the Cancun Agreements

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The UN Climate Change Conference in Cancun, Mexico, ended on Saturday with the adoption of a package of decisions that set all governments more firmly on the path towards a low-emissions future and support enhanced action on climate change in the developing world, according to the UN Environment Programme.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.

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Indo-US task force to study HFC phase-down

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Although they don’t harm the ozone layer, HFCs are powerful climate warming gases and their emissions are expected to rise sharply over the next few decades without aggressive action, significantly contributing to climate change. The United States, Mexico, and Canada also proposed a similar amendment.