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

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This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017. thousand in 2017.

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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. This reform will not apply to our support for clean energy, renewables, and technologies that dramatically reduce greenhouse gas emissions.

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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ÂșC Warming Limit

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The formal acknowledgement of the Copenhagen Accord ended a particularly contentious and chaotic set of negotiations, ostensibly capping more than a decade of deliberations towards a framework to reduce global greenhouse gas emissions beyond the terms of the Kyoto Protocol, which expires in 2012.

Climate 236
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2% Climate Change And The IPCC Fourth Assessment Report.

Climate 236
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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—Leo Johnson, Partner, Sustainability and Climate Change, PwC. The report warns that “governments and businesses can no longer assume that a 2 °C warming world is the default scenario.” —Jonathan Grant, director, sustainability and climate change, PwC.

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We Need More Than Just Electric Vehicles

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EVs lack tailpipe emissions, sure, but producing, operating, and disposing of these vehicles creates greenhouse-gas emissions and other environmental burdens. Most automotive manufacturers say they plan to use renewable energy in the future, but for now, most battery production relies on electric grids largely powered by fossil fuels.