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Study: 25% EV adoption would save US $17B annually from avoided climate change & pollution damages

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A new study led by researchers from Northwestern University projects that if electric vehicles replaced 25% of combustion engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution. The open-access paper is published in AGU’s journal GeoHealth.

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U of Toronto study finds US electrification of LDV fleet not a silver bullet for tackling climate change in vehicle sector

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a,b, Baseline cases (top dark-blue bar) and changes in emissions associated with increasing LDV travel demand, fuel consumption standards and electrification assuming current fuel economy policy (SAFE standards) (a) and stringent fuel economy policies (CAFE standards for conventional vehicles, along with high vehicle size and weight control) (b).

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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. Green Climate Fund. future agreements.

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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

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In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Paltsev, M. Babiker, J.M. 2012.09.001.

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IRENA sees renewable hydrogen at least cost-possible within decade

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Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). A combination of falling costs for solar and wind power, improved performance as well as economies of scale for electrolyzers could make it possible.

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Deloitte and Douglas-Westwood Study Forecasts Decomissioning Costs of UK North Sea Oil and Gas Platforms Could Exceed $30B

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New research released by Deloitte and Douglas-Westwood finds that the total cost of decommissioning the more than 260 offshore oil and gas platforms—including the associated wells, manifolds, pipelines and umbilicals—on the UK Continental Shelf (UKCS) could be in excess of $30 billion over the next 30 years.

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Study finds stabilizing warming at 1.5 ?C would result in economic hit through 2100; benefits accrue by 2300

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A new study by a team from San Jose State University and Stanford University has found that—even under heightened damage estimates—the additional mitigation costs of limiting global warming to 1.5 °C C (relative to 2.0 °C) C) are higher than the additional avoided damages this century under most parameter combinations considered.

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