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

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. It also invested $58 billion in new wind projects, up 107% year-on-year.

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

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The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. The financial community has a critical role to play in supporting sustainable development, including the transition to a low carbon economy.

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DOE announces $15.5B package primarily focused on retooling existing factories for EVs

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Depending on their capital needs, manufacturers can apply to receive assistance via financial grants through DOE’s Office of Manufacturing and Energy Supply Chains (MESC) or preferable debt financing through DOE’s Loan Program Office. Bolstering American Battery Manufacturing, Strengthening Domestic Supply Chains.

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Biden Administration reports highlight supply chain vulnerabilities for batteries, critical materials

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The Biden Administration has released reports assessing the vulnerabilities of four critical supply chains: semiconductor manufacturing and advanced packaging; large capacity batteries, such as those for electric vehicles; critical minerals and materials; and pharmaceuticals and advanced pharmaceutical ingredients (APIs).

Supplies 170
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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—Deloitte report The projections come from Deloitte’s Hydrogen Pathway Explorer (HyPE) model, which delivers one of the most comprehensive analyses of the supply of hydrogen globally. trillion in developing economies.

Clean 429
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STEAG and thyssenkrupp planning joint green hydrogen project

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They endorse the development of a hydrogen economy and infrastructure in Germany and in Europe. It would thus make an important contribution to the short- and long-term supply of the steel mill. We must set the course for supply today so that we can produce climate-neutral steel tomorrow. ©euroluftbild.de/Hans

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