article thumbnail

ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
article thumbnail

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

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. thousand in 2017. China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. billion and $2.7

Coal 243
article thumbnail

BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

Global clean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). billion, down 15% on 3Q 2017, while the purchase of small-scale solar systems of less than 1MW totaled $13.5

Clean 259
article thumbnail

San Pedro Bay Ports release draft of 2017 Clean Air Action Plan Update; $7-$14 billion price tag

Green Car Congress

The ports of Los Angeles and Long Beach released the draft of their proposed 2017 C lean Air Action Plan (CAAP) Update. A preliminary analysis estimates the cost of implementing the 2017 CAAP at $7 billion to $14 billion. Reduce GHGs from port‐related sources to 80% below 1990 levels by 2050.

2017 150
article thumbnail

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Enerkem’s platform is a 4-step thermochemical process that consists of feedstock preparation; gasification; cleaning and conditioning of syngas; and catalytic synthesis. Canada-based Enerkem Inc., Earlier post.).

Waste 199
article thumbnail

POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. A pilot plant was manufactured in South Korea in 2017 with a capacity of 2,500 tons / year of lithium; this was then brought to and installed in Argentina. Earlier post.)

Argentina 369
article thumbnail

IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8

Climate 349