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Study finds global oil demand likely to grow despite pandemic, climate policies

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Many climate-related policies were already in place around the world prior to COVID-19, and the pandemic has accelerated the adoption of additional measures, but these interventions may not achieve their goal of reducing oil demand, according to the report. Lines represent global oil demand by study scenario.

Oil 259
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ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

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Gearing stimulus packages towards decarbonization. The scenarios include detailed projections for transport CO 2 emissions under different conditions, allowing an assessment of the potential impacts of future transport activity on climate change. The scenarios are: Recover. Transport demand still grows, but emissions fall.

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Zero-Emission Truck (ZET) Coalition calls for government to prioritize investments benefiting ZETs

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The National Zero-Emission Truck (ZET) Coalition, including some four dozen organizations representing the US’ major heavy truck makers, innovators, suppliers and key stakeholders, sent a letter to Congressional leadership calling on any stimulus or recovery legislative package to prioritize investments that benefit U.S.

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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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It stresses the need to accelerate capital flows rapidly to nature-based solutions by making nature central to public- and private-sector decision-making related to societal challenges, including tackling the climate and biodiversity crises. of projected economic stimulus spending. A total investment of $8.1

Financing 296
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thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

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In the course of their transformation paths towards climate-neutral steel making, thyssenkrupp Steel and HKM will require large and increasing quantities of hydrogen to produce steel without coal. Green hydrogen is a sustainable alternative to coal, oil and natural gas.

Hydrogen 305
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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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It also calls on the G7 to “ make a collective commitment to double climate finance ” and to lead on ensuring that the rich countries “ deliver on and go beyond ” their commitment to mobilise $100 billion per year by 2020 from public and private sources to support developing countries in tackling climate change.

Global 170
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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

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The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%