Government of Québec unveils $2.7B climate change action plan; 63% of spending targeting transport

Green Car Congress

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 Climate Change (PACC 2020). The PACC 2020 is self-financed from the carbon market and the extension until 2014 of the fuel levy and fossil fuels. Canada Climate Change Heavy-duty Hybrids Natural Gas Policy

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. Climate change presents major long-term risks to the global economy and to the assets in which we invest. Climate Change Policy

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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. The potential positive environmental and social influence of projects described in Ford’s sustainable financing framework earned an “advanced” rating—the highest possible—from Vigeo Eiris.

IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

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). Global landscape of renewable energy finance in 2017-2018.

2020 292

Reducing Black Carbon Emissions and Ground-Level Ozone Would Provide Immediate Benefit Against Climate Change

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Reducing emissions of black carbon soot and ground-level ozone would quickly make a considerable dent in the climate change problem and would also contribute to public health and protect crop yields, according to an essay in the September/October issue of Foreign Affairs. The piece was co-authored by Scripps Institution of Oceanography at UC San Diego climate and atmospheric scientist V. A provision on black carbon is also included in the Waxman-Markey climate bill.

ClearFlame Engine Technologies secures $17M in Series A financing

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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. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere and Clean Energy Ventures.

New Report Concludes That Real Costs of Adapting to Climate Change Will Likely Be At Least 2-3X Greater Than Current Estimates

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Representation of damage from climate change avoided by adaptation, and damage not be adapted to (‘residual damage’) over the longer term. Scientists led by a former co-chair of the Intergovernmental Panel on Climate Change are warning warn that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts. Assessing the costs of adaptation to climate change”.

German High Court Rules Delaying Climate Action Harms Youth

EV Obssesion

Germany’s highest court ruled Thursday that the country’s 2019 climate law unconstitutionally saddles young people with the burden of fighting climate change by “irreversibly offload[ing] major emission reductions burdens onto periods after 2030.”

SEC creates enforcement task force focused on climate and ESG issues

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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. The initial focus will be to identify any material gaps or misstatements in issuers’ disclosure of climate risks under existing rules.

130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

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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 Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both. To transit to low-carbon and climate-resilient economies that support the goals of the Paris Agreement requires an additional investment of at least USD 60 trillion from now until 2050.

2019 202

Report: $12.1T must be invested in new renewable power generation over next 25 years to limit climate change

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To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 trillion above business-as-usual projections— according to a new report by Ceres and Bloomberg New Energy Finance. Among the report’s key highlights: Achieving the Paris climate agreement’s goal to limit global temperature rise to below 2 degrees Celsius will require $12.1

2016 150

How Smart Energy Management for EV Charging Is Connected to the COP26 UN Climate Change Conference

Driivz

We found ourselves thinking about how Smart Energy Management for EV charging is connected to the COP26 UN Climate Change Conference; Countries from around the world continue to focus on reducing greenhouse gas (GHG) emissions as a key strategy for reducing the rate of global warming.

Euro Parliament Environment Committee votes to include shipping CO2 in EU ETS; shipping industry to contribute to climate neutrality

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The committee calls for an “Ocean Fund” for the period from 2023 to 2030, financed by revenues from auctioning allowances under the ETS, to make ships more energy-efficient and to support investment in innovative technologies and infrastructure, such as alternative fuel and green ports, to decarbonize the maritime transport sector. Climate Change Emissions Europe Market Background Ports and Marine

2020 207

Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climate change, it is a small fraction of total aviation emissions.

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Oceans, already expanding from warmth and melting glaciers, would rise, increasing coastal flooding; a chain reaction of climate changes is projected to lead to harsher, more widespread droughts and more powerful storms. US intelligence and defense agencies say such environmental changes can lead to energy insecurity, water and food shortages, and social instability. But starting to raise immediate finance is more important than determining its exact future size.

2009 209

‘GRIDSERVE Partner Network’, Li-Cycle,100 Years of Glaciers Disappearing, Elon’s Tesla Shares, NFI Financial Solutions EV Financing, Swappable Battery for Commercial Vehicle

EV Obssesion

The post ‘GRIDSERVE Partner Network’, Li-Cycle,100 Years of Glaciers Disappearing, Elon’s Tesla Shares, NFI Financial Solutions EV Financing, Swappable Battery for Commercial Vehicle appeared first on EV Obsession.

Big Coal Doomed: Not By Climate Rules But Fracking & Finance

Green Car Reports

Carbon Footprint EPA natural gas climate change electric utilities regulation renewable energy energyCoal is the worst fossil fuel, that much is clear. Its carbon footprint per kilowatt-hour of electricity when it's burned by electric utilities to make electricity is far, far higher than that of natural gas. And that's even before the slowly improving economics of renewable sources come into play, from home solar photovoltaic panels to huge.

2015 99

Oregon Governor Signs Climate Change Bills, Including Low Carbon Fuel Standard and B2

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Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climate change package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. In addition, the bill creates the ability for homeowners and building owners to access long term low cost financing and uses $5 million in lottery bonds as grant money to capitalize the program.

2009 163

California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

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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 The state’s cap-and-trade program, which began in 2012, was re-authorized and improved in 2017 to ensure California continues to meet its ambitious climate change goals and that billions of dollars in auction proceeds keep flowing to communities across the state through California Climate Investments.

2019 247

Deadline for applying for Keeling Curve Prize is 10 Feb; $250K for 10 projects

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of the Union of Concerned Scientists; Paul Holthus, World Ocean Council; Kara Hurst, Amazon; Edward Mungai, Kenya Climate Innovation Center; and Robin Newmark, National Renewable Energy Laboratory. Climate Change Fuels Market BackgroundThe deadline is fast approaching to apply for the 2021 Keeling Curve Prize , which will award $25,000 to each of 10 projects designed to reduce greenhouse gas emissions or increase carbon uptake.

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Microsoft climate fund invests $50M in LanzaJet alcohol-to-jet SAF plant

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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.

Porsche launches carbon offsetting program for US drivers

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PCNA) has launched Porsche Impact , an online tool that links individual CO 2 emissions to specific climate projects. The Porsche Impact offset programs are managed by South Pole, a Swiss-based provider of carbon offsetting projects and sustainability financing that has been active internationally for more than a decade. Behavior Climate Change EmissionsPorsche Cars North America, Inc.

2019 168

2020 Keeling Curve Prize application period open; transportation and mobility category

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Keeling Curve Prize finalists and winners are chosen by a panel of climate scientists, public policy experts, and researchers, including Achala Abeysinghe, Ph.D., Climate Change EmissionsThe application period has opened for the 2020 Keeling Curve Prize, which awards $25,000 to each of 10 projects designed to reduce greenhouse gas emissions or increase their uptake. Each year, this prestigious competition attracts entries from around the world.

2019 168

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. 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. —Jonathan Grant, director, sustainability and climate change, PwC. Regardless of the outcomes at the UN climate change summit in Doha this year, one thing is clear.

2012 219

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

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 climate change. Preparing the US for the impacts of climate change. Providing a toolkit for climate resilience.

2013 209

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

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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

2019 219

A Few Words on Eco Terrorists, Cowards and Courage

Creative Greenius

The people whose business model is to wreck the ecology and the climate and profit from it. E&B won’t tell you, nor will their paid shills at the American Petroleum Institute or the other dirty fuel groups they belong to, but the climate science dictates that they will have to keep 60%-80% of their reserves unburned and not used as fuel. They know full well what the climate models predict based on a continued burning of their product. .

2014 265

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

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. Without Exxon Mobil’s funding of the financing bonds the program would not have had the money to offer loans in Torrance. So what about Exxon/Mobil’s funding of the solar financing bond?

2009 150

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

Green Car Congress

The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures. Specifically, they would focus on emissions reductions as well as financing, with negotiations for the two issues separated from one another. [

2009 202

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

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Following an all-night session that sent two weeks of climate talks into overtime, the United Nations Framework Convention on Climate Change (UNFCCC) 15 th Conference Of Parties (COP 15) yesterday tentatively approved a non-binding, three-page political statement that had been hashed out the previous night in face-to-face meetings between leaders of Brazil, China, France, Germany, India, South Africa, the UK, and the United States at the Bella Centre near the Copenhagen airport.

2009 202

Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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Changes in how transport is financed are essential if cities and nations are to deal effectively with the rapid growth in motor vehicle traffic and related environmental and health problems, including climate change, according to a new report by the Transport Research Laboratory released at Fifth Regional EST Forum in Asia by the Institute for Transportation and Development Policy (ITDP) and the Partnership for Sustainable Low Carbon Transport.

Wendy Greuel Our Best Bet To Get To 100% Renewable Energy In Time

Creative Greenius

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. And under less dire climate circumstances I could endorse and vote for Marianne Williamson, but that is not the world we live in. Joe Galliani in Keep Hermosa Hermosa hat receiving his 2014 Environmental Hero Award from the City of Manhattan Beach and V.O.I.C.E.

2014 269

EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

The CEC is proud to support these 28 companies who aim to bring new energy solutions from ideas to game-changing innovations that boost the state’s economic recovery and provide benefits to ratepayers,” said Janea A.

2020 83

Summary of decisions from Durban climate conference

Green Car Congress

Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on Climate Change (UNFCCC). The package includes the Green Climate Fund; an Adaptation Committee designed to improve. Green Climate Fund. existing climate change.

2011 246

PBL Study Finds Developed Countries Proposals for Copenhagen Fall Short for Reaching 2 °C Climate Objective

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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). Non-Annex I actions may be (partially) financed by Annex I2. Tags: Climate Change Climate models Policy

2009 168

Report: Major changes needed to transport financing

Green Cars News

If the transport sector is to cope with the rapid growth in motor vehicle traffic and the related environmental and health issues then major changes are needed to how transport is financed. Tags: Green cars Green credentials Latest news climate change credit agencies Electric cars Low carbon transport sustainable transport transport financing Transport Research Laboratory

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The legislation also proposes numerous actions against financing and support for fossil fuel industries. The proposal was drafted as two measures, the Climate Protection Act —which sets the carbon price and finance programs for sustainable technologies—and the Sustainable Energy Act —which ends federal support for fossil fuel companies and research and extends tax incentives for renewables. Climate Change Coal Emissions Natural Gas Oil Policy

2013 216

Chevrolet one of 16 organizations across US recognized by EPA for Climate Action; only automaker

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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 climate change. San Diego Regional Climate Collaborative (San Diego, Calif.):

2015 216

Europe moves forward on the Energy Union; transport key element

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The European Commission has adopted the European Energy Union package —a framework strategy for a resilient energy union with a forward-looking climate change policy. Today, we set in motion a fundamental transition towards a low-carbon and climate-friendly economy, towards an Energy Union that puts citizens first, by offering them more affordable, secure, and sustainable energy. The EU will provide an ambitious contribution to the international climate negotiations.

2015 201

California Governor signs two bills to strengthen emission standard for trucks; Executive Order leverages $700B portfolio to strengthen climate resiliency

Green Car Congress

As the state transitions to a carbon-neutral economy, and as other states and countries increasingly adopt ambitious climate policy, the state’s investments must align with the reality of this major market shift. The Governor’s executive order directs the Department of Finance to create a Climate Investment Framework to measure and manage climate risk across the state’s investment portfolio, with the goal of driving investment toward carbon-neutral and climate resilient technologies.

2019 173

Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. In the event that no global agreement on climate change is reached, the bill requires imports from countries that have not taken action to limit emissions to pay a comparable amount at the border to avoid carbon leakage and ensure we are able to achieve our environmental objectives.

2010 183

Chevy buying carbon credits from US colleges; new formula helps fund campus energy-efficient projects

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To develop the new methodologies, Chevrolet worked with an advisory team led by the Climate Neutral Business Network with support from the Bonneville Environmental Foundation , the US Green Building Council and the Association for the Advancement of Sustainability in Higher Education ( AASHE ). Climate Change Emissions Policy Sustainability Vehicle Manufacturers

2014 207

Opinion: Political Climate Shifting Against The Oil And Gas Industry

Green Car Congress

First, the attorney general in New York announced an investigation into ExxonMobil, for what it sees as evidence that the company lied about the dangers of climate change. The probe comes on the heels of reports from InsideClimate News that the oil major’s own scientists knew about the threat of climate change decades ago. We unequivocally reject the allegations that Exxon Mobil has suppressed climate change research,” he said.

2015 193