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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Moreover, Brazil is expected to have one of the lowest costs for hydrogen production by 2030, according to research by BloombergNEF. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. Green recycling is also a cost-effective and immediate solution.

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The Global Outlook of Electric Vehicles

Blink Charging

This is partially due to the cost of EVs in these countries, but also with a relative lack of charging infrastructure. The federal US government has expanded its electric vehicle tax credits for new and used EVs. In Africa , South Africa is leading the way on the continent as far as EV adoption, although it remains low.

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

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billion) and South Africa ($5.5 In the UK and Germany we are seeing a move away from feed-in tariffs and green certificates, towards reverse auctions and subsidy caps, aimed at capping the cost of the transition to consumers. Investment in developing countries, at $131.3 billion, up just 3% on the year. billion), India ($7.4

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