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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

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The Asian Development Bank (ADB) mobilized a $135-million climate financing 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.

Vietnam 195
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New phase of globalization could undermine efforts to reduce CO2 emissions

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A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications. trillion) in 2014.

Emissions 170
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Study: countries seeking to cut CO2 emissions must get a handle on city-level emissions

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Countries seeking to meet Paris Agreement targets on CO 2 emissions must get a grip on the amount of pollution produced at city level, according to a new open-access study published in S cience Advances by an international team of researchers from Europe and China. Total CO 2 emissions of 182 Chinese cities. Shan et al.

Emissions 210
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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. Porsche Impact is a web-based emissions calculator that allows Porsche owners to assess and compensate for CO 2 emissions, based on mileage and average fuel consumption.

Porsche 186
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. —Luiza Demôro, project manager for BloombergNEF. billion in 2018.

Coal 243
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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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If the emissions gap is not closed by 2030, the report says, it is extremely unlikely that the goal of holding global warming to well below 2 ˚C can still be reached. In the current policy scenario, total emissions for transport are 9.7 GtCO 2 direct emissions and 0.28 GtCO 2 indirect emissions for electricity use.

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Hadley Centre: Average 4 C Warming Could Happen Within a Human Lifetime, With Even Greater Warming in Many Regions

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Comparison of surface temperature projections from the high-end emissions scenario, without carbon cycle feedbacks. One of the UK’s leading climate scientists has presented new research findings on the increasing potential for a 4 degrees Celsius (7.2 °F) Source: Met Office. Click to enlarge.