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Nornickel presents market review of nickel and platinum group metals

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This is primarily due to a significant surplus in the Class 2 market that occurred in 2022 and is expected to remain throughout 2023-2024, mainly owing to growing production of low-grade nickel in Indonesia. The forecast for nickel supply in 2023 is almost unchanged at 3.45 Mt to 3.22 Mt (7% year-on-year growth).

Market 304
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Neste-led project verified 50% methane emission reduction at palm oil mills using belt filter press

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Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. Increased pressure is created as the belt passes over rollers which decrease in diameter.

Oil 244
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Researchers show oil palm plantation expansion a significant source of CO2; projected to contribute more than all of Canada’s current fossil fuel emissions by 2020

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Oil palm supplies more than 30% of world vegetable oil production. The study, published as an open access paper in the journal Nature Climate Change , shows that deforestation for the development of oil palm plantations in Indonesian Borneo is becoming a globally significant source of carbon dioxide emissions.

Oil 273
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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“ One Agreement, Two Steps ” Expectations for Copenhagen quickly became complicated after Danish Prime Minister Lars Løkke Rasmussen boarded an overnight flight to Singapore to address an impromptu breakfast forum on climate change at the Asia Pacific Economic Co-operation (APEC) summit on 15 November. by Jack Rosebro.

Climate 236
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ADB draft report says 3B Asians could become affluent by 2050; significant challenges

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The alternative scenario assumes that Asia’s fast-growing economies—the PRC, India, Indonesia, and Viet Nam—will fall into the middle income trap of slowing growth rates and stagnating income levels over the next 5 to 10 years. In its march toward prosperity, Asia faces several key challenges and risks. Energy consumption.

Asia 186
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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 risk to business is that it faces more unpredictable and extreme weather, and disruptions to market and supply chains. Resilience will become a watch word in the boardroom—to policy responses as well as to the climate.

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Australia Reels From Split Weather System, Suffers Effect Of “The Big Dry” And “The Big Wet”

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The heat waves added to existing urban water stress; Melbourne’s water supply, for example, was at a 25-year low, with reservoirs two-thirds empty prior to the heat waves, and both Melbourne and Adelaide were already operating under Stage 3 water restrictions. Bushfires can produce their own volatile gases and oils, adding fuel to the fire.

Australia 150