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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

One of the outcomes of the meeting of G20 leaders in Pittsburgh this week was an agreement to phase out and rationalize over the medium-term inefficient fossil fuel subsidies while providing targeted support for the poorest. Many countries are reducing fossil fuel subsidies while preventing adverse impact on the poorest.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

In 2013, new geothermal geologic studies or exploration moved forward in places as diverse as American Samoa, Argentina, Armenia, Australia, Azerbaijan, El Salvador, Ethiopia, Indonesia, Japan, Malaysia, Rwanda, Saudi Arabia, St. Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen.

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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

Green Car Congress

Lithium demand is expected to continue growing with the shift from fossil-fuel powered vehicles to electric vehicles (EV), in addition to the steady growth of lithium-ion batteries for electric devices. The total investment amount will be about A$292 million (US$232 million).

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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

Well-to-Propeller GHG emissions results for marine alternative fuels. DNV GL has released a position paper on the future alternative fuel mix for global shipping. The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Light truck sales, especially CUVs, helped motivate demand levels last year and with lower fuel prices expected, should once again dominate growth in 2015. million units. million units.

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Westport Acquires OMVL of Italy and 100% of Juniper Engines for 19M; Launching a Light-Duty Automotive Strategy for Alternative Fuel Engines

Green Car Congress

Juniper will grow the business through new OEM relationships and continued strong aftermarket sales, leveraging OMVL’s capabilities and assembly facilities in Italy and Argentina that today supply Europe, Asia and the Americas. liter alternative fuel engines. manufactures and sells LNG fuel tanks for vehicles. liter and 2.4-liter

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

billion) into a financing facility to support exports. Tianqi’s debt-fueled acquisition spree over the past decade left it with almost a quarter of shares in SQM SA, which extracts lithium from salt lakes in Chile’s high-altitude deserts. There’s just one problem with all these plans: They’re coming nearly a decade too late.

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