OGA Down to Earth Bulletin July 31, 2020

ASHRAE and NYSERDA signed an MOU in July, formalizing a strategic partnership. New York State has been making unparalleled investments in training and incentives to decarbonize buildings using air source and ground source heat pump systems.
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Geo market: The global geothermal heat pump market is expected to grow by USD 9.5 billion says Technavio Research. It represents a Covid-19 market slowdown, however, steady growth is expected to continue through 2024 at a CAGR of almost 9%.
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Alberta and other stranded oil assets: French energy giant Total has announced a stranded Alberta tar sands asset writedown of $9.3 billion. Also Deutsche Bank will pull out of Alberta projects. Earlier, Shell and BP took writedowns of $22 billion and $17.5 billion.
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Ireland: A group of citizens have won a landmark Supreme Court case against the Irish government for failing to take adequate action on climate change. Along with a recent similar victory in Netherlands it sets an important legal precedent in international law.
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Bangladesh floods: At least 54 have died, most of them children; while an estimated 24 to 37 percent of the country’s landmass is submerged, according to government estimates and satellite data. Nearly a million homes were inundated and 4.7 million people were affected.
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