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California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

Green Car Congress

An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 In 2016, Assembly Bill 1550 replaced and expanded those minimums to include low-income communities and low-income households.

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EIB lends €65 million to Mossi and Ghisolfi Group for production of second-generation bioethanol

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The European Investment Bank (EIB) is providing a €65-million (US$89 million) loan to support the research and development projects of Biochemtex , an engineering subsidiary of the Mossi and Ghisolfi Group.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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—Leo Johnson, Partner, Sustainability and Climate Change, PwC. The new reality is a much more challenging future in terms of planning, financing and predictability. —Jonathan Grant, director, sustainability and climate change, PwC. nuclear war, radical climate change before 2050).

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[Press Release] Drive Electric appoints new chair, Kirsten Corson

Drive Electric

Kirsten has a long standing commitment to the electrification of mobility, co-founding Zilch, Carbn Asset Management and Sustainable Fleet Finance. He has been on the Drive Electric board since 2016. Eric Pellicer (pictured) has been appointed as deputy chair. Eric is General Manager Business Development at PowerCo.

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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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Under that, the plan sketches out 3 strategic goals: Strategic Objective One: Advance the goals and objectives in the President’s Climate Action Plan by supporting prudent development, deployment, and efficient use of “all of the above” energy resources that also create new jobs and industries.

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Europe moves forward on the Energy Union; transport key element

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The European Commission has adopted the European Energy Union package —a framework strategy for a resilient energy union with a forward-looking climate change policy. The Commission will propose a resilience and diversification package for gas in 2015-2016 by revising the existing security of gas supply Regulation.

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Pike Research forecasts global biofuels market value to double to $185B by 2021

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Motivated by growing concerns related to energy security, climate change, and economic stagnation, at least 38 national governments throughout the world have enacted blending mandates or targets to accelerate the expansion of biofuels production and consumption in the transportation sector. onus onto private capital sources.

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