article thumbnail

ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

Green Car Congress

The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%

article thumbnail

Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

Green Car Congress

of projected economic stimulus spending. This could result in forest and agro-forestry (the combination of food production and tree growing) area increases of approximately 300 million hectares by 2050, relative to 2020. —“State of Finance for Nature”. The report says that structural transformations are needed to close the US$4.1-trillion

Financing 296
article thumbnail

LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

Green Car Congress

It also calls on the G7 to “ make a collective commitment to double climate finance ” and to lead on ensuring that the rich countries “ deliver on and go beyond ” their commitment to mobilise $100 billion per year by 2020 from public and private sources to support developing countries in tackling climate change.

Global 170
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data. —Glen Peters, a Research Director at the CICERO Center for International Climate Research.

Global 221
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

The Paris Agreement reflected an unprecedented international determination to act on climate. Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization, according to IRENA’s calculations. Liquid biofuel production must grow ten-fold.

Renewable 199
article thumbnail

Ricardo responds to electric drive stimulus package

Green Cars News

“But with the twin challenges of mitigating the effects of climate change and increasing energy security, it is all the more important that these efforts are given a clear focus.

article thumbnail

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike projects that by 2021, the production of biofuels derived from a range of feedstocks will reach 65.7 Pike expects ethanol production to maintain its.

Global 225