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BNEF: global carbon capture capacity due to rise sixfold by 2030

Green Car Congress

Still, despite significant acceleration in the sector in the past two years, the world’s capacity for carbon capture is not being deployed fast enough to meet climate goals at the end of the decade, according to BNEF research. Legislators have recognized this mismatch and are ramping up their support for the industry.

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Converting Coal Power Plants to Nuclear Gains Steam

Cars That Think

As coal plants close, they leave behind empty building shells and scores of lost jobs. Plant operators might save on costs, with transmission lines, cooling towers, office buildings, and roads already in place. The firm is planning to start building its reactor around 2026, hoping to deliver power by decade’s end.

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ICCT study finds state EV incentives playing a significant role in driving sales

Green Car Congress

This new study builds on a previous ICCT study that suggested fiscal incentives could potentially be driving electric vehicle sales on a national level when comparing countries around the globe but did not include the value of sub-national level and indirect incentives to consumers. Earlier post.). Whereas California has over 2.4%

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Republicans introduce bill that would hand US EV lead to China

Baua Electric

Republicans have introduced a bill to eliminate the US EV tax credit in the Inflation Reduction Act, with the effect of slowing US progress on EV manufacturing, thus handing the lead in EV manufacturing to China. These credits were an extension and expansion of the $7,500 EV tax credit first introduced in 2008.

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