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ADB Transport Forum: shift to greener transport in Asia key to global sustainability; investment of $2.5T needed by 2020

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Asia must scale up sustainable transport development or face a bleak future of congested roads, pollution, ill health and economic damage, which could have ripple effects around the world, the third ADB (Asian Development Bank) transport forum heard earlier this month in Manila.

Asia 218
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Most of this is from electric two- and three-wheelers in Asia, but rising passenger EV sales push this to 2.5 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. That’s up from 16 million at the end of 2021. Last ICE in 2038.

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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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The global net zero transition can represent a $3.5-trillion —Caroline Chua, BNEF’s Southeast Asia clean power lead analyst. —Allen Tom Abraham, BNEF’s Asia-Pacific lead transport analyst. To finance the energy transition, Indonesia will need just under $2 trillion of investment in BNEF’s ETS and as much as $3.5

Indonesia 195
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BNEF: cost of new renewables rises as inflation starts to bite

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The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. BloombergNEF’s estimates for the global LCOE for utility-scale PV and onshore wind rose to $45 and $46 per megawatt-hour (MWh), respectively, in the first half of 2022. The latter cost at $74 and $81 per MWh, respectively.

Cost Of 210
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Hydro fully acquires Sapa to create a global aluminum company fully integrated across value chain and markets

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The combination will make Hydro the only global company in the aluminum industry that is fully integrated across the value chain and markets. Sapa will enable us to assume global leadership, establish a platform for growth, and provide responsible operations and sustainable solutions for the future low-carbon economy.”

Global 150
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Pew: global clean energy investment reached record $243B in 2010

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Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009. Germany accounted for 45% of global solar investments. Click to enlarge.

2010 236
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Ride-sharer Grab to invest $700M in “Grab 4 Indonesia” 2020 master plan

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Grab, the leading ride-hailing platform in Southeast Asia, launched its “Grab 4 Indonesia” 2020 master plan, endorsed by Badan Koordinasi Penanaman Modal (BKPM), the Government of Indonesia’s Investment Coordinating Board. Expand access to mobile payments and financing opportunities. million commuters in greater Jakarta.

Indonesia 150