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

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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.

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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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thousand in 2017. Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017. Across all emerging markets surveyed, 2018 investment fell to $133 billion, lower than not just the 2017 total but the 2015 figure as well. billion and $2.7

Coal 243
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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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TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius. TAE’s safe, non-radioactive approach avoids carbon and particulate emissions, mitigating any impact on the environment or climate change. billion for its commercial fusion development.

Fusion 243
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IRENA report says tripling renewables investment required to reach 2050 climate goal

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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). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

Climate 349
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California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

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An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 billion in new funding last year went to projects across all of California’s 58 counties—almost double the $720 million spent in 2017.

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

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Under that, the plan sketches out 3 strategic goals: Strategic Objective One: Advance the goals and objectives in the President’s Climate Action Plan by supporting prudent development, deployment, and efficient use of “all of the above” energy resources that also create new jobs and industries.

2014 225
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Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Governments are expected to retreat from stimulus investment highs, shifting financing. access and dictating terms for accessing financing. Pike projects that by 2021, the production of biofuels derived from a range of feedstocks will reach 65.7

Global 225