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

Green Car Congress

The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

Globally, the picture isn’t any better—Citigroup says Europe is at 90 percent, while South Korea, South Africa, and Japan may all be nearing 80 percent. While that should theoretically put upward pressure on oil prices because a stronger economy should lead to more oil consumption, oil prices actually fell.

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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

Green Car Congress

billion, was up 36% on the previous year and came the closest ever to overhauling the total for developed economies, at $138.9 billion) and South Africa ($5.5 In the US there is uncertainty over the future of the US Production Tax Credit for wind, but costs are now so low that the sector is more insulated than in the past.

2014 150
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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

Green Car Congress

Our economic modeling suggests that an investment of a few extra billion per year today could develop technologies that could save the economy hundreds of billions of dollars per year by 2050 in scenarios where there are stringent policies limiting how much carbon can be emitted.

Energy 231
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EV Charging: A Look at the International Landscape

EV Connect

In addition to directing the Environmental Protection Agency and the Department of Transportation to tighten fuel efficiency standards, President Biden has made supporting electric vehicles a top priority, expanding consumer tax credits for EV purchases and mandating that the entire federal fleet of vehicles be converted to electric.

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We Need More Than Just Electric Vehicles

Cars That Think

We then used results from a model of the global economy to allocate a portion of this global budget specifically to the U.S. Governments have offered subsidies or tax rebates to make EVs more appealing, a policy which the U.S. Those tax revenues are necessary for the maintenance of roads. The International Energy Agency.