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Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

. “We fail to understand how the EU commission carries the banner of sustainable and green development and then takes protectionist actions, thereby in effect generating more and more risks,” Wang said during a trade and business conference in the northern Italian city of Verona.

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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The world added 50% more renewable capacity in 2023 than in 2022 –and that means it has a real chance of achieving the goal set by governments at the COP28 climate change conference of tripling global capacity by 2030. Birol said that “success will hinge” on scaling up financing for emerging and developing economies.

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Role of Batteries in Clean Energy Transitions – ET Auto

Baua Electric

This project, unveiled by Prime Minister Narendra Modi during a video conference on February 24, 2024, marks a pivotal moment in India’s commitment to renewable energy adoption. This initiative will be supported by 1 billion dollars in concessional finance and other commercial funding.

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Stellantis, LGES enforcing ‘contingency plans’ for EV battery plant in Ontario

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billion from LGES and undercover contributions from federal and provincial governments, as the biggest ever within the Canadian auto sector. A spokesperson for Champagne stated on Friday that the “auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers.”

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Canada proposes financial plan for more EV battery plants 

Teslarati

Canada’s federal government is trying to convince Canadian pensions to finance construction of a dozen EV battery plants in the country. Leduc hinted that the idea of CPPIB financing such a project might not be too farfetched, stating that the sub-sector and theme of electric vehicles and critical minerals were “on target” for the pension.

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Tesla (TSLA) stock is a “Buy” as Elon Musk prepares his Master Plan Part 3: Jefferies

Teslarati

Jefferies analyst Philippe Houchois seems confident that Tesla will maintain its leading position in the EV industry, even with the mounting issues companies in the auto market are facing. Houchois believes that Elon Musk’s Master Plan Part 3 will be instrumental in Tesla’s continued success.

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Centre, Maharashtra govt plan to expand PM Suryoday scheme in the state | Autocar Professional

Baua Electric

We’ve decided to expand the focus of the PM Suryodaya Yojna by integrating electric mobility and solar power as part of our prime minister’s plan to decarbonise the economy and move towards our net-zero target,” Athawale said, at a press conference following the meeting. and MahaPreit, the state’s renewable energy wing.

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