Download the Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States report HERE.
(Source: PSEG, CSRWire 28 June, 2019) Contact: PSEG, PSE&G, PSEGPower, www/investor.pseg.com
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Although the Paris agreement has been ratified by 179 countries including the US, China and other major emitters, US president Trump has stated that the US intends to leave the agreement, but legally they cannot formally withdraw until November 2020. Despite Trump's efforts, with clean technology costs falling and concerted action from US states, polluting coal plants are continuing to close and renewable energy and gas are expected to dominate the future of the US power system.
Both China and India have committed to emissions targets under the Paris agreement. China has committed to lower the carbon intensity of its economy by 60 to 65 pct below 2005 levels by 2030. India committed to reduce the emissions intensity of its economy by 33-35 pct below 2005 level over the same period.
The Guardian notes the world is currently not on track to achieve the objectives of the Paris agreement. And, although progress has been made more will need to be done by all countries to limit global warming to well below 2 degree C. (Source: Guardian, Aug., 2018)
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In 1988, then Director of NASA Goddard Institute of Space Studies, he famously announced in televised testimony before the US Congress that "global warming is here," as the observed temperature record exhibited an anomalous rise above the statistical noise of natural fluctuations. Dr. Hansen's testimony "was an important turning point in the history of global climate change."
In 1975, Indian-born Professor Veerabhadran Ramanathan, Victor C. Alderson Professor in Applied Ocean Sciences, UC San Diego, noted the significant greenhouse effects of chlorofluorocarbons (CFCs) and halocarbons, particularly chlorofluorocarbons (CFCs) used as refridgerants and in manufacturing. This was a significant indication that showed how gases not only CO2 but such as CFCs that deplete the ozone layer could have ramifications for climate. This finding was also at the core of future negotiations for the Montreal Protocol on Substances that deplete the ozone layer that followed in 1987. The Montreal Protocol benefits both the ozone layer and the climate system. Its effectiveness is much greater than the first phase of the Kyoto Protocol.
The Tang Prize, founded in 2012 by Dr. Samuel Yin, chairman of Ruentex Group, seeks to be an inspiring force for people working in all corners of the world. (Source: Source: Tang Prize Foundation, PR, 17 June, 2018) Contact:
Tang Prize Foundation,
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The initiative is part of a roadmap being deliberated by the SCA to ensure sustainable financial markets complying with world standards and to help the country meet its carbon reductions obligations under the Kyoto Protocol. (Source: UAE Securities and Commodities Authority, Emirates News Agency, Trade Arabia, Others, 30 Jan., 2018) Contact: UAE Securities and Commodities Authority , www.sca.gov.ae/English
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"We hope that all sides adhere to the principles of equity, common but differentiated responsibilities, and their respective capabilities, and consider the actual conditions of each country while pushing negotiations on implementing the Paris Agreement," Xie said.
He said he also hoped that all sides would speed up ratification of the Doha Amendment that establishes the second commitment period of the Kyoto Protocol, and that developed countries would continue to uphold their obligation to provide funds, technology and capacity-building to developing countries. (Source: Global Times, Xinhua, 19 Nov., 2017)
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The protocol mandated rich and developed countries to cut emissions in two phases, between 2005-2012, and then between 2013-2020, through the Doha amendment. It did not mandate any obligations on developing countries to cut emissions. With India’s ratification, 76 countries have now ratified the second commitment period and 144 countries need to ratify it for the Doha amendment to enter into force.
The Protocol was adopted in Kyoto, Japan, on 11 December 1997 and entered into force on 16 February 2005. There were 192 parties (Canada withdrew effective December 2012)to the Protocol. (Source: Daily News & Analysis, Various Media, 25 Jan., 2017)
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