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 There were seven billion-dollar-plus financings of offshore wind projects, boosting the investment totals for the Netherlands, the UK and Germany. —Michael Liebreich, Chairman of the Advisory Board for Bloomberg New Energy Finance.

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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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The new reality is a much more challenging future in terms of planning, financing and predictability. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina). PwC analysis finds a need for global carbon intensity to drop an average of 5.1% per year through 2050.

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Volkswagen plans integrated mobility concept in Rwanda; vehicle production in Kenya

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Volkswagen is taking a further step to develop market potentials in Africa. Francis Gatare, Director of the Rwanda Development Board, and Thomas Schäfer, CEO of Volkswagen Group South Africa, this week signed a memorandum of understanding for a new integrated mobility concept in Kigali in the presence of Rwanda’s President Paul Kagame and Dr. Herbert Diess, CEO of the Volkswagen brand. Volkswagen is consistently developing market potentials in Africa.

Anglo American Platinum invests in Hydrogenious Technologies; liquid organic hydrogen carrier technology for H2 storage

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South Africa-based Anglo American Platinum , the world’s leading primary producer of platinum group metals (PGMs), has invested in the first close of the Series A financing round of Hydrogenious Technologies, a company developing liquid organic hydrogen carrier (LOHC) hydrogen storage technology. Concept of hydrogen generation, storage and release using LOHCs. Click to enlarge.

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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United Nations Environment Programme Finance Initiative ( UNEP FI ) is a global partnership between the United Nations Environment Program (UNEP) and the global financial sector.

G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. The Group of Twenty (G20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy.

Tesla Q3 revenue up 10% year-on-year, losses widen; robust production outlook

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Tesla said it was seeing very strong demand for Tesla Energy products globally, and particularly in Australia, Germany and South Africa. where he was Vice President of Finance and led Google’s global finance function. Tesla Motors reported total GAAP revenue of $937 million in Q3 2015, up 10% from the prior year. Total Q3 non-GAAP revenue was $1.24 billion for the quarter, up nearly 33% from a year ago.

Energy ministers agree to help speed up global deployment of carbon capture and storage

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The following governments agreed to continue or initiate action in support of one or more of these recommendations by the next Clean Energy Ministerial: Australia, Canada, France, Germany, Japan, Mexico, Norway, Republic of Korea, South Africa, the United Arab Emirates, the United States and the United Kingdom. Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage.

Indo-US task force to study HFC phase-down

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Minister Ramesh was a key climate leader in the Cancun talks last December, helping broker an outcome that moved the multilateral process forward to the next meeting of the UN climate talks in Durban, South Africa later this year. India and the US have agreed to establish an Indo-US Technical Task Force on hydrofluorocarbons, or HFCs—super greenhouse gases. The global warming potentials (GWP) of HFCs range from 140 (HFC-152a) to 11,700 (HFC-23), according to the US EPA.

Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

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Collectively, the investments in energy RD&D by governments and state-owned enterprises in the emerging economies of Brazil, Russia, India, Mexico, China, and South Africa (the BRIMCS countries) are now as large or larger than those of the developed countries in the Organization for Economic Cooperation and Development (OECD).

Shipping industry, Oxfam and WWF call on COP 17 delegates to provide IMO with clear guidance on reducing shipping GHG emissions; potential for contributing to Green Climate Fund

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At the United Nations Climate Change Conference in Durban, South Africa (COP 17), the International Chamber of Shipping (ICS, which represents more than 80% of the world merchant fleet), Oxfam and WWF called on delegates to give the International Maritime Organization (IMO) clear guidance on continuing its work on reducing shipping emissions through the development of Market Based Measures (MBMs).

Summary of decisions from Durban climate conference

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Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. A focused work program on long-term finance was agreed will contribute to the. scaling up of climate change finance going forward and will analyse options for the mobilisation.

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

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Following an all-night session that sent two weeks of climate talks into overtime, the United Nations Framework Convention on Climate Change (UNFCCC) 15 th Conference Of Parties (COP 15) yesterday tentatively approved a non-binding, three-page political statement that had been hashed out the previous night in face-to-face meetings between leaders of Brazil, China, France, Germany, India, South Africa, the UK, and the United States at the Bella Centre near the Copenhagen airport.

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Some 800,000 are also sold each year in South East Asia, he says, where they replace the noisy and smelly petrol scooters that are ubiquitous in many places. Our mission is to prepare students for top careers in finance.

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures. Specifically, they would focus on emissions reductions as well as financing, with negotiations for the two issues separated from one another. [