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The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on ClimateChange (PACC 2020). The action plan and strategy adaptation represent a total investment of nearly C$2.7
Saying that “ investment-grade climatechange 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 climatechange.
Representation of damage from climatechange avoided by adaptation, and damage not be adapted to (‘residual damage’) over the longer term. The amount of money on the table at Copenhagen is one of the key factors that will determine whether we achieve a climatechange agreement. Source: “Assessing the costs.”
Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climatechange as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on ClimateChange (UNFCCC). Green Climate Fund.
ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climatechange, it is a small fraction of total aviation emissions. The gravity of climatechange is forcing a tipping point in the green hydrogen ecosystem of producers, distributors, and consumers.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
The Asian Development Bank (ADB) mobilized a $135-million climatefinancing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on ClimateChange and the Sustainable Development Goals, and scale up their contribution to the achievement of both.
trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climatechange. Transportation is central to the social and economic activity of people across the world.
Diplomats were recalled from their hotels to block the move, and Rasmussen instead called a brief adjournment following intervention by UK Energy and Climate Secretary Ed Miliband, as well as Australian and US officials. by Jack Rosebro. The relative valuation of potential emissions offsets (e.g.
Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climatechange package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. The series of bills the Governor signed into law today include: House Bill 2186. Loans can be paid back on utility bills.
Emission reduction calculations are based on an UNFCCC (United Nations Framework for ClimateChange Convention) approved methodology. The project documentation is currently being reviewed by SQS, a Swiss entity certified by UNFCCC for the validation of climatechange projects in the transport field.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climatechange. Earlier post.).
To reach the level of investment in new renewable power generation needed to avert dangerous climatechange, $12.1 trillion above business-as-usual projections— according to a new report by Ceres and Bloomberg New Energy Finance. trillion of investment will be needed over the next 25 years—$5.2
IEEE continues to raise its visibility as a trusted voice on mitigating the effects of climatechange. ClimateChange Conference (COP29). Then in December, IEEE and the International Telecommunication Union held a symposium on achieving climate resilience. Rahman was the events general chair.
The people whose business model is to wreck the ecology and the climate and profit from it. They know full well what the climate models predict based on a continued burning of their product. . They know that the work they do contributes every day to the wrecking of our climate and all the hell and high water that goes with that.
The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climatechange. In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country.
This includes the possibility of the adoption by IMO of a compensation mechanism through which a significant share of any revenues collected from international shipping could be directed to developing countries and provide a new source of finance to support their efforts to tackle climatechange.
The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 billion or 18% came from sources outside those countries.
—“State of Finance for Nature”. 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. A total investment of $8.1
Climatechange is the existential crisis of our time and this acquisition accelerates our ability to address it. Cummins intends to finance the transaction using a combination of cash on the company’s balance sheet and debt and remains committed to maintaining its strong credit ratings.
Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.
LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013.
The UN ClimateChange 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 climatechange in the developing world, according to the UN Environment Programme.
The investment plan recognizes that to meet the state’s clean air and climate goals California needs more clean cars, trucks and buses along with community-led efforts to create walkable, bikeable, transit-friendly places for everyone. The bulk of these funds have come from California Climate Investments. Funded projects include: $2.2
The current proposals by developed countries on the table for the upcoming climate negotiations in Copenhagen to reduce greenhouse gas (GHG) emissions do not yet suffice to limit global warming to a rise of 2 °C (based on a long-term 450 ppm concentration of GHG), according to a new report by the Netherlands Environmental Assessment Agency (PBL).
The measure will contribute to reaching EU energy and climatechange goals while limiting distortions of competition. The scheme will be financed by transport fuel retailers who are obliged by law to include a certain percentage of advanced biofuels and biomethane in their fuel blends.
KPMG developed 3 nexuses linked by climatechange to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: ClimateChange: This may be the one global megaforce that directly impacts all others. Source: KPMG. Click to enlarge.
The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.
The Climate Disclosure Standards Board ( CDSB ) introduced for public consultation a set of proposals designed to assist directors in the inclusion of climatechange-related information in companies’ annual reports. There is no scarcity of warnings of the risk of irreversible climatic damage to the environment.
—Leo Johnson, Partner, Sustainability and ClimateChange, PwC. Resilience will become a watch word in the boardroom—to policy responses as well as to the climate. The new reality is a much more challenging future in terms of planning, financing and predictability. —PwC report.
An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 Projects funded to date are achieving the overall goal of California Climate Investments by reducing greenhouse gas emissions by more than 36.5
In the 50-state assessment, no state received a higher grade than “B-,” and most states scored lower than “D,” demonstrating a lack of alignment between transportation and climate policies, according to the analysis. Update transportation financing and funding formulas to reward reductions in driving, VMT, and fuel.
Brazil’s Minister of Environment Izabella Teixeira and Brazilian National Development Bank (BNDES) President Luciano Coutinho announced the launch of a new credit line to support projects focused on greenhouse gas reduction and climatechange solutions.
But in fact, both Wendy Greuel and Marianne Williamson have each reached out to me and I have taken their asks seriously and with more thoughtfulness than usual given the crossroads we find ourselves at climate wise. Without Henry Waxman as our Representative we lose a giant. It is hard to argue that Congress doesn’t need that.
To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. Reducing our carbon emissions and the physical and economic damages from unmitigated climatechange is a massive win for nations and businesses alike.
The Securities and Exchange Commission (SEC) has created a Climate and ESG Task Force in the Division of Enforcement. Consistent with increasing investor focus and reliance on climate and ESG-related disclosure and investment, the Climate and ESG Task Force will develop initiatives to identify ESG-related misconduct proactively.
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5
Heightened public awareness, easy access to financing, reduced barriers to purchase, and a well-planned and maintained charging infrastructure will help the state become a leader in electric vehicle deployment by 2025. —“Electric Drive by ’25”. The author of this policy paper is Ethan N.
The US Environmental Protection Agency (EPA) awarded 2015 Climate Leadership Awards to 16 organizations and one individual representing a wide array of industries from finance and manufacturing to retail and technology for showing what the agency said was exemplary corporate, organizational, and individual leadership in response to climatechange.
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. 2. Green Building & Remodeling.
The European Commission has sent a formal communication [ 1 ] to the European Council and European Parliament, laying out the Commission’s recommendations to Council and Parliament on positions that the European Union should take during international climatechange negotiations later this year in Copenhagen. European Commission.
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