article thumbnail

European Parliament calls for fast action to cut non-CO2 climate forcers

Green Car Congress

Targeting these emissions could be highly cost-effective, they add, since HFCs can be reduced at a public cost of 5-10 cents per tonne, compared to €13 per tonne for carbon. A follow-up technical meeting will be hosted by Bangladesh in October, with further ministerial meetings likely in the future.

Climate 225
article thumbnail

More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

Other companies that have signed up with the Gujarat government include Nexzu Mobility, which has signed a Memorandum of Understanding (MoU) with the Gujarat government to develop what it claims is India’s first-ever Smart EV Park at a cost of over Rs 5,000 crore over the next ten years.

Green 52
article thumbnail

Analysis finds air-quality justification for CNG vehicle conversion in developing cities, despite negative climate impact

Green Car Congress

An analysis by a team in Bangladesh found large air quality and associated health benefits accruing to the residents of Dhaka (the capital of Bangladesh) as a result of the rapid conversion of the motor vehicle fleet to CNG. They used a social cost of carbon of US$45 in 2010 for the calculations.). The monetized costs (USD 17.7

article thumbnail

ADB draft report says 3B Asians could become affluent by 2050; significant challenges

Green Car Congress

The difference in outcomes under the two scenarios and thus the opportunity cost of not realizing the Asian Century scenario is huge, especially in human terms. Under the Asian Century scenario, almost 3 billion additional Asians would become affluent at least one generation earlier than under the Middle Income Trap scenario.

Asia 186