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US energy sector could see $1 trillion less low-carbon investment under second Trump presidency -report
Brazilian national civil aviation authority incorporates CORSIA into law
Nuclear option costs ‘six times more’ than renewables, study finds
The post Nuclear option costs ‘six times more’ than renewables, study finds appeared first on RenewEconomy.
US Democratic attorneys general file motion to support EPA power plant rules against challenges
DOE funded $19.7 mln “technically unacceptable” CCS project, says US Government Accountability Office
EU maintains strong carbon removals position in Article 6 call for input
UPDATE – WCI reschedules Q2 auction for May 22
UPDATE – Verra begins revision of voluntary carbon agriculture management methodology, consolidates grassland programmes
CO29 host Azerbaijan drafts carbon tax law as it pursues new climate agenda
Incoming far-right Dutch coalition party set to dial back climate ambition
FEATURE: Just transition approaches need refinement, some countries lead the way
Australian organisation releases guide to enhance biodiversity in solar farms
Economic damage from climate change six times worse than thought – report
A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found
The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continuing permanent war, research has found.
A 1C increase in global temperature leads to a 12% decline in world gross domestic product (GDP), the researchers found, a far higher estimate than that of previous analyses. The world has already warmed by more than 1C (1.8F) since pre-industrial times and many climate scientists predict a 3C (5.4F) rise will occur by the end of this century due to the ongoing burning of fossil fuels, a scenario that the new working paper, yet to be peer-reviewed, states will come with an enormous economic cost.
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