article thumbnail

Volvo Buses in project researching use of second-life electric bus batteries to store solar energy

Green Car Congress

It can also be used to buy and store electricity from the national grid when it is cheap and green, for later use. Use of the batteries in an energy warehouse gives them an extended service life which in turn means better resource utilisation and less environmental impact. IRIS is a Light House project, financed by EU HORIZON 2020.

Store 273
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). How does the US deal with local and state economies with high carbon economies and little renewable resources? by Bill Cooke.

Financing 150
article thumbnail

Baker Institute expert suggests assumptions about oil’s influence on politics in the Middle East should be reversed

Green Car Congress

Oil helped finance their emergence from colonial rule and, at times, guided the placement of national borders to encompass known oilfields. Finally, in many MENA countries, government policies that made available low-priced fuel and electricity contributed to an ‘entitlement mentality’ among citizens toward cheap energy.

Oil 150
article thumbnail

EnerNOC and Tesla to collaborate on stationary energy storage

Green Car Congress

Cheap cells made in the Gigafactory are only part of the puzzle. Offering financing and new residential business models. Providing financing options for many of those purchases will be key, echoing the successful strategy that solar has already employed. However, SGIP is an unsustainable model in the long term.

article thumbnail

ADB draft report says 3B Asians could become affluent by 2050; significant challenges

Green Car Congress

The draft report identifies six key drivers of transformation in the region: technical progress; capital accumulation; demographics and the labor force; the emerging middle class; climate change mitigation and the competition for resources; and the communications revolution. Energy consumption.

Asia 186
article thumbnail

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers.

article thumbnail

PBL Study Finds Developed Countries Proposals for Copenhagen Fall Short for Reaching 2 °C Climate Objective

Green Car Congress

Non-Annex I actions may be (partially) financed by Annex I2. Under the current proposals, the estimated annual mitigation costs, including financing the reduction of emissions from deforestation and forest degradation in developing countries, for the developed region would vary between US$18 to 38 billion in 2020.

Climate 186