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According to several media reports, a coalition of countries and private sector investors will announce a commitment to invest several billion dollars in clean energy research & development (R&D) on Monday, November 30, the first official day of COP21. The initiative is being led by Bill Gates, along with at least 20 countries, including the United States, France, India and others. The countries are expected to double the amount of R&D funding for clean energy from $5 to $10 billion over the next five years.

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WRI Climate Director Jennifer Morgan describes COP 21 as "a chance to change course together through a new form of international cooperation—hopefully in time to save the planet."

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The international community has adopted a goal to limit global warming below 2°C (3.6°F) above preindustrial levels (and consider 1.5 degrees C) in order to avoid some of the worst climate impacts. However, the 2°C goal does not easily guide every day decision-making because it does not state who needs to act, by how much and by when. So negotiators are considering a second, complementary goal which would operationalize the target to limit warming below 2°C. Many have termed this a “long-term goal” which would aim to send a much clearer signal to the world what pathway key players need to follow to stay below 2°C.

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With international climate negotiations mere weeks away in Paris, there is keen interest in how countries' climate action plans, known as INDCs, will address climate change. A new assessment shows 80 percent of INDCs submitted so far -- including those from the world's eight biggest emitters -- call for an increase in the supply of clean energy.


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