article thumbnail

Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). The additional capital will be used to develop industrial eFuel facilities in Chile, the US and Australia, which have large supplies of renewable energy. Earlier post.).

Porsche 243
article thumbnail

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 billion or 18% came from sources outside those countries.

Coal 243
article thumbnail

UN report highlights urgent need to tackle impact of EV battery production boom

Green Car Congress

The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climate change. In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country.

Battery 545
article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

We need to be talking about trillions per year if we are to meet climate goals. Highlights of the renewables investment total included a leap of 56% in financings of offshore wind projects to $50 billion, including the largest deal ever in that sub-sector—$8.3 Biomass and waste-to-energy financings were down 3% at $10 billion.

2020 259
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units.

2015 150
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. There were seven billion-dollar-plus financings of offshore wind projects, boosting the investment totals for the Netherlands, the UK and Germany. billion set in 2011. billion), India ($7.4

2014 150
article thumbnail

China’s new energy buses are re-exported to Europe

Setec Powerr

Per Thorsell, CEO of Bergkvarabuss, said: “As one of the largest bus companies in Sweden, it is vital that we participate and lead the entire transport industry, and the development of electrified public transport is one of the key steps in tackling climate change and achieving green development.

Europe 40