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DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

Green Car Congress

The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, was to provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels. CEO Li lashed out at the DOE in a released statement.

Financing 231
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U.N.’s ITU Secretary-General Receives IEEE President’s Award

Cars That Think

She was promoted in 2005 to head the agency’s regulatory and market environment division , managing programs on regulatory reform, economics, and finance. The sector creates policies, regulations, training programs, and financial strategies for developing countries. She also advised governments on ICT reform and policy issues.

Atlanta 88
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Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. It’s a pretty good idea isn’t it?

Financing 150
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SEI study outlines risks to global low-carbon technology push

Green Car Congress

A new report from the Stockholm Environment Institute (SEI) finds that recent progress in developing and deploying low carbon technology is fragile, and advises that policy support must be stabilized globally to maintain momentum. —Annika Varnäs, researcher at Stockholm Environment Institute and the report’s lead author.

Carbon 230
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New UNEP report says bridging emissions gap to meet 2-degree target doable, outlines pathways to 2020

Green Car Congress

Cutting emissions by 2020 to a level that could keep a global 21 st century temperature rise below 2 °C is technologically and economically feasible, according to a new study released by the UN Environment Programme (UNEP). each year from 2005 to 2020. The report also outlines far more pessimistic scenarios.

2020 210
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Continental extends term of Nikolai Setzer as CEO, appoints new board member for automotive group sector – ET Auto

Baua Electric

After strategically realigning the automotive business with a market- and customer-focused structure – despite an extremely difficult environment – Setzer will now hand over responsibility to von Hirschheydt. “I I hold Philipp von Hirschheydt in the highest esteem.

Auto 40
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European Commission: Global Climate Strategy Needed To Avoid “Potentially Unmanageable Consequences”

Green Car Congress

Reductions could be achieved by domestic actions, as well as emissions credits earned by financing emissions reduction projects in developing countries. Air travel in the European Union, for example, doubled between 1990 and 2005. Financing Emissions Reductions. Financing Emissions Reductions.

Climate 150