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Study finds global oil demand likely to grow despite pandemic, climate policies

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Many climate-related policies were already in place around the world prior to COVID-19, and the pandemic has accelerated the adoption of additional measures, but these interventions may not achieve their goal of reducing oil demand, according to the report. Lines represent global oil demand by study scenario.

Oil 259
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ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

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This would require: Putting in place ambitious low-carbon policies now; Reinforcing positive behavioral changes caused by the pandemic; and. Gearing stimulus packages towards decarbonization. In the Recover scenario, the international community falls well short of its agreed climate goals. The scenarios are: Recover.

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

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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%

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

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It stresses the need to accelerate capital flows rapidly to nature-based solutions by making nature central to public- and private-sector decision-making related to societal challenges, including tackling the climate and biodiversity crises. of projected economic stimulus spending. A total investment of $8.1

Financing 296
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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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

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The Paris Agreement reflected an unprecedented international determination to act on climate. To meet the climate goals set in the Paris Agreement and keep the global temperature rise to below 2 degrees, the CO 2 emission intensity of the global economy would need to be reduced by 85% in 35 years. —IRENA Director-General Adnan Z.

Renewable 199
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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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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