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130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

Green Car Congress

In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both.

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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate-neutral and circular by 2040. In 2020, Volvo Cars established a Green Finance Framework in alignment with the ICMA Green Bond Principles.

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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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CARB launches $25M pilot program to help small trucking fleets transition to zero-emission technologies

Green Car Congress

These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.

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Summary of decisions from Durban climate conference

Green Car Congress

Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. Work on this is to begin immediately under a new group called the Ad Hoc Working Group on the Durban Platform for Enhanced Action. Nations Framework Convention on Climate Change (UNFCCC).

Climate 294
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Germany and Australia to establish alliance on green hydrogen supply chain

Green Car Congress

Another great advantage of the partnership: a country like Australia, which has previously exported coal on a large scale, is building up a new, climate-friendly perspective as an energy exporter, true to the motto ‘shipping the sunshine’—practically packaged sunshine from Australia. Co-financing of “HydrogenHubs”.

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