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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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ArcelorMittal Europe to produce “green steel” starting in 2020

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The strategy is centred around two main technology routes, as introduced in the first ArcelorMittal Europe climate action report published earlier this year: The use of hydrogen in DRI-EAF (Direct Reduced Iron - Electric Arc Furnace) and, also, the blast furnace. First verified green steel for customers.

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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

Volvo Cars successfully placed its second green bond to raise €500 million from a diverse set of global investors. All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate-neutral and circular by 2040.

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Report: CCS capacity increased 33% in 2020

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The 2020 Global Status on CCS report also finds that there are a total of 65 commercial CCS facilities in various stages of development globally. Source: 2020 Global Status on CCS. 2020 saw increased ambition and support for CCS in Europe as well. The Norwegian Government announced its green light for the Langskip project.

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EPA: US GHG emissions up 6% in 2021 from 2020

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million metric tons of carbon dioxide equivalents after accounting for sequestration from the land sector—representing a 6% increase from 2020. from 2020 to 2021. increase in vehicle miles traveled (VMT) from 2020 to 2021 due to the gradual recovery from the COVID-19 pandemic, which limited travel in 2020.

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UCL-led study finds climate impact caused by growing space industry needs urgent mitigation

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The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.

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ICCT study finds LH2-powered combustion aircraft can play an important role in meeting aviations 2050 climate goals

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A new study from the International Council on Clean Transportation (ICCT) has found that although liquid-hydrogen- (LH 2 )-combustion aircraft do not perform as well as their jet fuel counterparts, they can still play an important role in meeting aviation’s 2050 climate goals. Mukhopadhaya and Rutherford (2022).

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