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EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

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The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. Rowe Price Associates, Inc. billion since 2019. Rowe Price Associates, Inc. Rowe Price Associates, Inc. In February 2019, Rivian announced a $700-million funding round led by Amazon.

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3.8% drop in EU’s greenhouse gas emissions in 2019; transport emissions rise

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in 2019, according to latest official data published by the European Environment Agency (EEA). The official data, submitted on behalf of the EU to the United Nations Framework Convention on Climate Change (UNFCCC), show that EU Member States managed to reduce collectively their emissions by 3.8% from 2018 to 2019.

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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in 2019 based on preliminary energy and economic data. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%. All told, net US GHG emissions ended 2019 slightly higher than at the end of 2016. during the same period in 2019.

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

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

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EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

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On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

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Study finds limited evidence that carbon tax rebates have increased public support for carbon pricing

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In a study published in Nature Climate Change , an international research team reports finding limited evidence that individual or household rebates have increased public support for carbon taxes in Canada and Switzerland. 2022) “Limited impacts of carbon tax rebate programmes on public support for carbon pricing.” Background.

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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

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The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.

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