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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

Green Car Congress

Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program. —William Li.

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Study confirms €1T green hydrogen potential for Africa

Green Car Congress

Green hydrogen is economically viable at €2/kg and can accelerate low-carbon economic growth across continent and reduce emissions by 40%. Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event.

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Government of Canada releases framework for ending fossil fuel subsidies

Green Car Congress

Support abated production processes, such as carbon capture, utilization, and storage (CCUS), or projects that have a credible plan to achieve net-zero emissions by 2030. Canada is also committed to phasing out public financing of the fossil fuel sector. This refers to financing beyond the scope of the fossil fuel subsidies commitment.

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Brazilian Ministry Of Environment And National Development Bank launch credit line for projects to reduce carbon emissions

Green Car Congress

Brazil’s Minister of Environment Izabella Teixeira and Brazilian National Development Bank (BNDES) President Luciano Coutinho announced the launch of a new credit line to support projects focused on greenhouse gas reduction and climate change solutions. In 2011, approximately R$230 million (US$133.7

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DOE awards $4M to carbon capture and storage projects selected as part of ACT

Green Car Congress

The US Department of Energy’s (DOE) Office of Fossil Energy (FE) announced $4 million in federal funding for national laboratories to collaborate with international partners on seven projects out of the 12 that were selected as a part of the Accelerating Carbon Capture and Storage Technologies (ACT) Initiative. million of which €31.5

Carbon 150
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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund. The allocation of emissions allowances and the carbon tax, once it is in place.

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