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emissions

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Government accused of wasting opportunity for alternative future for North Sea

Pulling the plug without warning on a £1 billion competition for technology to cut climate emissions from power stations has damaged investment in the UK, MPs have warned. Scrapping the scheme to develop “carbon capture and storage” technology, which captures and stores permanently underground up to 90% of carbon dioxide from fossil fuel plants, will also make it more expensive for the UK to tackle climate change.

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Climate deal prompts repeat call for 57% cut in UK greenhouse gases by 2030

Government advisers have repeated calls for a 57% cut in UK greenhouse gases by 2030 in the wake of a new global climate deal. The Committee on Climate Change said its advice on cutting emissions for the period 2028-2032 was the “minimum level of UK ambition necessary” in light of the Paris Agreement - the global deal to avoid dangerous climate change agreed late last year.

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Tory MP claims Church of England should invest in fossil fuels

The Church of England should “put aside the Greenpeace manuals” and invest in fossil fuels, a Tory MP has said. Climate change sceptic David TC Davies (Monmouth) told Church commissioners to look at the Bible’s Parable of the Talents, which is about making wise investments.

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VW to cut investment plan by £701million

Volkswagen said it has cut £701million from its investment plan for the next year following on from the emissions scandal it has been embroiled in. The company said it would cap spending on property, plant and equipment at around $12.8billion, which is around 8% less than its previous estimate.

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Statoil close to achieving CO2 reduction aim on Norwegian Continental Shelf

Statoil said it is already close to achieving its aim of reducing CO2 emissions on the Norwegian Continental Shelf by up to 800,000 tonnes by 2020. The Norwegian operator said it has now decided to increase its target by 50% to 1.2million tonnes. Seven years ago the petroleum industry, led by Konkraft, agreed on a goal of improved energy efficiency of up to one million tonnes of CO2 between 2008 and 2020.

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Greenhouse gases growth ‘dented by countries pledges’

Pledges made by countries to cut greenhouse gases up to 2030 make it possible to avoid dangerous climate change, but only with much bigger and expensive action in the future, a report suggests. National climate plans put forward by scores of countries to cut emissions over the next 10 to 15 years, ahead of crucial UN talks in Paris on a new climate deal, “begin to make a significant dent” in the growth of greenhouse gases, UN climate chief Christiana Figueres said. But campaigners warned the promises are not bold enough, in the face of the dangerous climate change expected with global temperature rises of more than 2C, and countries will need to urgently ramp up ambition.

Energy Transition

Catholic bishops issue joint call over climate change

Catholic bishops across the world have called for a “major breakthrough” on a global deal to tackle climate change at talks in Paris at end of the year. The worldwide call from the Catholic Church appeals for a strong limit to rising temperatures, the phasing out of emissions from fossil fuels and measures to protect the poor and vulnerable from the impacts of climate change. In a 10-point proposal, the Catholic cardinals, patriarchs and bishops call for a “fair, transformational and legally-binding global agreement” which recognises the need to live in harmony with nature, protects human rights and sets a goal to decarbonise the world economy by mid-century.

Energy Transition

UK Government advisers call for low-carbon power to meet energy needs

New low-carbon power sources are the most cost-effective way to meet electricity needs in the 2020s and tackle climate change, government advisers have said. Investment is needed in new power generation in the 2020s to replace closing coal and nuclear plants, while stripping carbon emissions from the energy sector is important for meeting the UK’s legally-binding climate targets, the Committee on Climate Change said. Backing low-carbon power is set to add around £105 on the average consumer electricity bill in 2020 and £120 by 2030, before costs fall, a report from the committee said. While the cost of low-carbon technology such as nuclear and renewables will be slightly higher than investing in gas, it will deliver more greenhouse gas reductions and cut down on the “social” costs that fossil fuel pollution imposes on the UK and world, it said.

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EU emissions down 23%, passing targets for 2020

The European Union says its emissions fell 4% last year, meaning the 28-nation bloc has already surpassed its target for 2020. A report by the EU’s environment agency said 2014 emissions were 23% lower than in 1990. The EU is the world’s third largest greenhouse gas polluter.

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VW’s US chief exec apologises for emissions rigging scandal

Volkswagen’s top US executive has apologised as the emissions-rigging scandal engulfing the world’s largest carmaker deepened and members of Congress said the company violated the public’s trust. “On behalf of our company, my colleagues in Germany and myself, I would like to offer a sincere apology for Volkswagen’s use of a software program that served to defeat the regular emissions testing regime,” Volkswagen of America chief executive Michael Horn told a House subcommittee. Calling the company’s admission “deeply troubling”, Mr Horn said: “We have broken the trust of our customers, dealerships and employees, as well as the public and regulators.”