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Government of Canada releases framework for ending fossil fuel subsidies

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The Assessment Framework builds on Canada’s commitment under the 2021 Glasgow statement to end new direct public support for the international unabated fossil fuel energy sector. Canada is also committed to phasing out public financing of the fossil fuel sector.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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A key change will need to take place in how the costs of transport are internalized, as the wider costs to society arising from road accidents, poor health, social impacts and environmental degradation, often described as the ‘external' costs, are currently excluded from the price that transport users confront.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Closing this 2.7

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Digital Currency and Trade Systems Are Tearing up the Rules

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These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels.

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LG Chem to Build $ 303M Li-ion Plant in Holland, MI

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will build its new $303 million lithium-ion battery manufacturing facility in Holland, Michigan. Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4 LG Chem Ltd.

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