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Baker Institute team says fossil fuel subsidies need global reform

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Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Baker Institute for Public Policy. Costs ranged from a low of 0.3% 5 consumer of oil,” Krane said.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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IHS Markit: 10 MMb/d of oil production cuts coming

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If there is no international agreement to curtail oil production then brutal unadulterated market forces will bring the oil market into balance. Demand is collapsing because of the closure of a large share of the global economy because of coronavirus disease 2019 (COVID-19). If oil cannot be sold or stored, it cannot be produced.

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IMO environment meeting adopts mandatory energy efficiency measures for international shipping; first mandatory global GHG reduction regime for an international industry sector

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Mandatory measures to reduce emissions of greenhouse gases (GHGs) from international shipping were adopted by Parties to MARPOL Annex VI represented in the Marine Environment Protection Committee (MEPC) of the International Maritime Organization ( IMO ), when it met for its 62 nd session from 11 to 15 July 2011 at IMO Headquarters in London.

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Study using satellite data finds rate of urban growth much greater than previously thought

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An international team of researchers has used satellite images to map urban growth between 1985 and 2015. In a paper in Nature Sustainability , they report that global urban extent has expanded by 9,687?km km 2 per year—a rate four times greater than a previous estimate, suggesting an unprecedented rate of global urbanization.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. If You’re a Free Range Oil Producer.

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Developing Countries Torpedo Plans for Cutting Carbon Emissions from Ships

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The NGO Transport & Environment (T&E) reports that developing countries, led by China, India, Brazil, South Africa and Saudi Arabia, have blocked what would have been the first global agreement to cut carbon emissions from ships.