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CMA CGM creates US$1.5B fund to accelerate energy transition in shipping and logistics

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Shipping major CMA CGM Group is creating a Special Fund for Energies to accelerate its energy transition and achieve net-zero carbon by 2050. The Fund is structured around four lines of focus: First focus: Supporting the development and production of renewable fuels. The subsidiary has plans to install 1.8

Energy 315
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California Energy Commission approves $2.9B investment for zero-emission transportation infrastructure

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15 million zero- and near-zero-carbon fuel production and supply. $15 15 million for low-carbon fuels. $10 . $97 million for emerging opportunities such as aviation, locomotive, marine vessels and vehicle-grid integration. $15 10 million for workforce development.

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155 businesses and industry groups send letter of support for California LCFS in current and possibly more stringent future forms

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Approved in 2009 and first implemented in 2011, the LCFS requires California fuel providers to reduce the carbon intensity of transportation fuels at least 10% by 2020, by phasing in less carbon-intensive fuel technologies. billion has been invested in clean fuels production under the LCFS. Earlier post.)

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California Energy Commission approves $384M plan to accelerate zero-emission transportation; 50% of funds to benefit disadvantaged communities

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25 million for zero-and near-zero-carbon fuel production and supply. $10 In response to engagement with the program advisory committee and the Disadvantaged Communities Advisory Group, the CEC will seek to provide 50% of funds from this plan to projects that benefit low-income and disadvantaged communities.

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Global Industry Alliance (GIA) launched to support low carbon shipping

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Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future.

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California Energy Commission approves $95M plan for clean transportation investments; zero-emission infrastructure

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The investment plan also allocates $10 million for production of zero- and near-zero-carbon fuels. p>Increases to workforce development investments, particularly in disadvantaged communities, as well as increases to ZEV investment also reflect recommendations by the Disadvantaged Communities Advisory Group.

Clean 273
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California Energy Commission approves $1.4B plan for zero-emission transportation infrastructure and manufacturing

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25 million for zero-and near-zero-carbon fuel production and supply. The plan was guided by input from members of the Clean Transportation Program Advisory Committee, the Disadvantaged Communities Advisory Group, the state’s transportation and environmental agencies, and a broad range of stakeholders.