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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. HKM aims to reduce CO 2 emissions by 30% by the year 2025, and then be as climate neutral as possible by 2045.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 billion or 18% came from sources outside those countries.

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Government of Québec unveils $2.7B climate change action plan; 63% of spending targeting transport

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The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on Climate Change (PACC 2020). The action plan and strategy adaptation represent a total investment of nearly C$2.7

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.

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European Commission approves €4.7B public support scheme for advanced biomethane and biofuels in Italy

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The measure will contribute to reaching EU energy and climate change goals while limiting distortions of competition. The scheme will be financed by transport fuel retailers who are obliged by law to include a certain percentage of advanced biofuels and biomethane in their fuel blends.

Italy 296
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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. The President’s Climate Action Plan contains a goal of doubling renewable energy generation from wind, solar, and geothermal sources between 2012 and 2020. Contribute to international efforts to address global climate change.

2014 225
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).

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