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

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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. In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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A growing share of output comes from natural gas liquids (more than 18 mb/d in 2035) and unconventional sources (10 mb/d, largely from Canada and Venezuela). While providing a boost to renewables, such a slowdown would increase import bills, heighten energy security concerns and make it harder and more expensive to combat climate change.

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