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US, China, and G-20 agree to work to global phase down of HFCs

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The US reached separate agreements with the G-20 and with China to address the rapid growth in the use and release of climate-damaging hydrofluorocarbons (HFCs). Left unabated, HFC emissions could grow to nearly 20% of carbon dioxide emissions by 2050, a serious climate mitigation concern.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The European Union, which is represented by the rotating Council presidency and the European Central Bank, is the 20 th member of the G-20.

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InterAcademy Council to Conduct Independent Review of the UN IPCC’s Processes and Procedures at Request of United Nations and IPCC

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The United Nations Secretary General and the Chairman of the Intergovernmental Panel on Climate Change (IPCC) announced have asked the InterAcademy Council (IAC) to conduct an independent review of the IPCC’s processes and procedures to further strengthen the quality of the Panel’s reports on climate change. Christopher Field, Ph.D.,

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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. —Jonathan Grant, director, sustainability and climate change, PwC. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion) and South Africa ($5.5 billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 billion set in 2011. billion, up just 3% on the year.

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