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ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

Financing 318
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Government of Québec unveils $2.7B climate change action plan; 63% of spending targeting transport

Green Car Congress

The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on Climate Change (PACC 2020). billion (US$2.6 Almost 63% (C$1.7 megatonnes on the 11.7

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130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

Green Car Congress

In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both.

Climate 236
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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

Green Car Congress

The report finds that annual investments in nature-based solutions (NbS) will have to triple by 2030 and increase four-fold by 2050 from the current investments of $133 billion (using 2020 as base year). —“State of Finance for Nature”. A total investment of $8.1 Nature currently only accounts for 2.5%

Financing 296
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2020 Keeling Curve Prize application period open; transportation and mobility category

Green Car Congress

The application period has opened for the 2020 Keeling Curve Prize, which awards $25,000 to each of 10 projects designed to reduce greenhouse gas emissions or increase their uptake. The 2020 Keeling Curve Prize application period closes on Feb. Each year, this prestigious competition attracts entries from around the world.

2020 186
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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

Folsom, California, 15 October 2020. We are honored to have received this CalSEED award and are excited to begin building our incentive-based finance platform that will change the economics of owning an electric car, especially for drivers in disadvantaged communities.”.

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European Commission approves €4.7B public support scheme for advanced biomethane and biofuels in Italy

Green Car Congress

The measure will contribute to reaching EU energy and climate change goals while limiting distortions of competition. The scheme will be financed by transport fuel retailers who are obliged by law to include a certain percentage of advanced biofuels and biomethane in their fuel blends.

Italy 296