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Summary of decisions from Durban climate conference

Green Car Congress

Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. The next major UNFCCC Climate Change Conference, COP 18/CMP 8, will take place 26 November to 7 December 2012 in Qatar, in close cooperation with the Republic of Korea.

Climate 294
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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For

Coal 134
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XL Hybrids to display retrofitted hybrid Chevrolet 2500 Cargo Van at MIT Energy Conference

Green Car Congress

a company that has developed a low-cost hybrid electric powertrain designed specifically for class 1-3 commercial fleet use ( earlier post ), will display a Chevrolet Express 2500 cargo van fitted with the company’s hybrid technology at the 2012 Massachusetts Institute of Technology (MIT) Energy Conference Energy Showcase on 16 March.

MIT 199
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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). Although not part of the conferences formal structure, the themes were addressed in the presentations and panel discussions.

Financing 150
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Tesla Supplier LG Energy Solution tempers 2024 revenue expectations

Teslarati

Companies fear high interest rates may increase financing costs and hinder growth in major economies like China and Europe, impacting car buyers in the long run. “LGES shares were down even before the earnings announcement mostly because of GM’s earnings overnight, but we saw further drops during LGES’ earning conference call because (..)

Energy 110
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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The world added 50% more renewable capacity in 2023 than in 2022 –and that means it has a real chance of achieving the goal set by governments at the COP28 climate change conference of tripling global capacity by 2030. Birol said that “success will hinge” on scaling up financing for emerging and developing economies.

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Magnetic eCVT could replace conventional hybrid mechanical eCVT with likely 1-2% fuel economy improvement and other benefits

Green Car Congress

million) was provided by IP Group which was matched by Finance Yorkshire. In 2012 Magnomatics secured £2.5 million (US$4.1 million) funding to develop magnetically geared motors and generators for the hybrid and electric vehicle market. million (US$1.7 Fusion IP also invested £366,000 (US$602,000) in the technology.