Remove Coal Remove Financing Remove France Remove Global
article thumbnail

BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
article thumbnail

SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts. Waste is a global problem, clogging waterways, contaminating oceans, packing landfills and polluting skies.

Waste 448
article thumbnail

The Case for Nuclear Cargo Ships

Cars That Think

“At the same time, it’s becoming apparent that alternative-fuel solutions we’re looking at have big drawbacks, and that producing these fuels will take a lot of green power that will be needed to replace coal and gas on shore. The majority of global shipbuilding happens in South Korea, Japan, and China.

article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.

Climate 236
article thumbnail

PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

PwC analysis finds a need for global carbon intensity to drop an average of 5.1% Since 2000, the global rate of decarbonization has averaged 0.8%; from 2010 to 2011, global carbon intensity fell by just 0.7%. Because of this slow start, global carbon intensity now needs to be cut by an average of 5.1% Click to enlarge.

article thumbnail

Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

Green Car Congress

The report, Projected Costs of Generating Electricity: 2015 Edition , also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low.

Cost Of 150
article thumbnail

IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies

Green Car Congress

The International Institute for Sustainable Development’s Geneva-based Global Subsidies Initiative ( GSI ) has issued a five-part series of reports into how nations might remove fossil-fuel subsidies, on the eve of a meeting of G20 finance ministers in Washington this week. in total by 2010 to 0.7% per year to 2050.

Parts 207