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

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. In November 2017, Enerkem received approval from the US Environmental Protection Agency (EPA) to sell cellulosic ethanol produced at its Edmonton facility under the US Renewable Fuels Standard (RFS). Earlier post.).

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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.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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But a range of both advanced and emerging economies have recently announced energy strategies that include substantial roles for nuclear power as well as considerable financial incentives to invest in it. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. Concessional finance has been a key enabler for the development of renewable power generation in emerging economies and could play a similar role in the EV sector.

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

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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. The 2017 CAAP identifies the tougher measures needed to ratchet down emissions to zero or near-zero levels.

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Michelin brings back Challenge Bibendum event as Movin’On

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The new Movin’On by Michelin, a global summit for action on the future of mobility, will be held in Montreal, Canada on 13-15 June 2017. Movin’On 2017 will examine various themes in the future of urban mobility: New experiences in transportation. Circular economy. Regulatory and policy incentives.

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Workhorse Group applies for $250M loan from DOE Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

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Workhorse is pursuing the ATVM loan, as well as other sources of financing, in order to equip its manufacturing plant in Union City, Indiana, for the production of the W-15 four-wheel drive plug-in electric pickup truck. The program has issued loans for projects run by Tesla, Ford and Nissan.