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Forth and Mobility Development partner to launch national EV carsharing program; affordable model for underserved communities

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Forth and Mobility Development Group are creating a national partnership to launch the Affordable Mobility Platform (AMP), which will establish electric vehicle (EV) carsharing based at affordable housing sites in at least five states over the next two years. —Creighton Randall, CEO of Mobility Development.

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Researchers calculate social cost of German nuclear phase-out at $12B/year; 70% from increased mortality risk

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In a working paper for the National Bureau of Economic Research (NBER), a team from UC Berkeley, UC Santa Barbara and Carnegie Mellon University (CMU) calculate that the social cost of the phase out of nuclear electricity production in Germany is approximately $12 billion per year.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

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In 2019, more than a quarter of California IOU customers were enrolled in the CARE program. What Californians pay is much higher than the true marginal cost of using electricity. En Banc White Paper (Utility Costs and Affordability of the Grid of the Future, Feb. —En Banc White Paper.

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Chevron partners with Clean Energy On Adopt-A-Port initiative to supply renewable natural gas for port trucks

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Chevron’s funding will allow truck operators to subsidize the cost of buying new RNG-powered trucks. In 2019, Chevron USA and California Bioenergy LLC announced a joint investment in a holding company with California dairy farmers to produce and market dairy biomethane as a vehicle fuel in the state.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Renewable energy investment slightly declined in 2018, with modest growth through 2019. Although this was largely due to the decreasing costs of renewables, the total installed capacity continued to grow. The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8

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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Global demand for oil and gas, meanwhile, has rebounded to near 2019 levels and is set to keep rising for several years. The unprecedented level of uncertainty increases the risk profile of hydrocarbon investments and the cost of capital, reshaping investment decisions, the report states. Investment slumped by 30% in 2020.

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DOE awards Cummins $1M to develop hydrogen rescue truck

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Cummins is the project lead and is working with a number of public and private partners on these projects, which are part of DOE’s “H2@Scale” initiative to develop affordable hydrogen production, storage, distribution and use. The group successfully brought zero emissions electrified powertrains to bus markets in North America in 2019.

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