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'Faster than expected': EV sales predicted to overtake fossil fuel cars within three years across Europe

Business Green

Transition to electric vehicles now 'inevitable' in UK and much of Europe thanks to declining upfront costs, major new study finds. It is our common responsibility to ensure that everyone in Europe, wherever they live, can switch to electric vehicles as early as they want.".

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'Imminent emissions inflection point': Why global CO2 from fossil fuels could peak in 2025

Business Green

There is growing confidence that clean technologies could start to squeeze the dominance of fossil fuels across the global economy, and potentially sooner than previously thought Whisper it, but is the dominance of fossil fuels across the global economy finally starting to wane? It's conclusions are similarly encouraging.

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The European Investment Bank Has Quit Fossil Fuels. Now What?

GreenTechMedia

So the EIB's confirmation last month that it would effectively end support for fossil fuels garnered widespread attention — as much for the signal it sends as for the additional impact the bank can make with the freed-up funds. Since 2013 the EIB has invested €13.4 billion ($14.9 Hydrogen could be a beneficiary.

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University in ‘Europe’s Oil Capital’ Votes to Divest from Fossil Fuels

DeSmogBlog

A Scottish university in “Europe’s oil and gas capital” has voted to sell all of its fossil fuel investments over the next four years. million investment portfolio by 2025. million investment portfolio by 2025. million invested in fossil fuels, according to campaigners.

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World Bank Continues Financing Fossil Fuels Despite Climate Crisis

DeSmogBlog

billion into fossil fuel projects around the world since the Paris Climate Agreement was signed in 2015, undercutting global efforts to combat the worsening climate crisis. The Big Shift Global report called on the World Bank to definitively rule out support, both direct and indirect, for fossil fuel projects, which it has yet to do.

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Nuclear power output expected to break global records in 2025

The Guardian: Energy

Experts say world is ‘past peak fossil power’ but warn against uneven development of energy projects Nuclear power generation is likely to break records in 2025 as more countries invest in reactors to fuel the shift to a low-carbon global economy, while renewable energy is likely to overtake coal as a power source early next year, data has shown.

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Banks Due At UK’s ‘Green’ Investment Summit ‘Financed £700 Billion in Fossil Fuels Since Paris Agreement’

DeSmogBlog

Bank bosses due to attend a green investment summit tomorrow head institutions which have provided over £700 billion of financing for the fossil fuel industry since the 2015 Paris Agreement, including £129 billion in 2020 alone. . JPMorgan financed £230 billion in fossil fuels between 2016 and 2020. billion in 2020.