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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

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IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. In some parts of Europe, for example, the government is only providing incentives for electrified vehicles.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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It recommends that these should be a central part of the recovery packages of the G7 countries, which together should increase their annual investment by 2% of GDP, or $1 trillion, compared to pre-pandemic levels.

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Continental Mobility Study 2020 finds many people still have doubts about EVs

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In Germany, these have been increased as part of the stimulus package to alleviate the impact of the coronavirus pandemic on the economy; in China, the premiums that were set to expire have also been extended. All five countries offer purchase premiums for electric vehicles, for example.

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Sandia Labs Battery Abuse Testing Laboratory undergoing $4.2M renovation to enable testing of larger batteries for EVs and PHEVs

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million overhaul, paid for with federal stimulus funds, includes updating test bays, data acquisition systems and laboratory space, and hiring additional staff members to meet the growing demand for Sandia’s battery safety expertise. —Chris Orendorff, team lead for the Battery Abuse Testing Lab.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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He identified three major themes in 2009 for renewable energy: “ Energy markets are undergoing their most fundamental changes since the 1930s; cap and trade is the most complex issue outside of health care; and schisms exist within the energy community that will grow stronger over time. Energy Markets in a State of Change.

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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

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The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%