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UN report highlights urgent need to tackle impact of EV battery production boom

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In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country. For example, scientists are researching the possibility of using widely-available silicon, instead of graphite (80% of natural graphite reserves are in China, Brazil and Turkey). Brazilian mine.

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. SGH2 is in negotiations to launch similar projects in France, Saudi Arabia, Ukraine, Greece, Japan, South Korea, Poland, Turkey, Russia, China, Brazil, Malaysia and Australia.

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Global geothermal industry passes 12,000 MW operational

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New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

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Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

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The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, and Turkey-based AKSA Akrilik Kimya Sanayii A.?. Following initial equity investments from the two companies, the JV will finance its growth through cash flow from operations and financial institutions.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Building on these efforts and recognizing the challenges of populations suffering from energy poverty, we commit to: Rationalize and phase out over the medium-term inefficient fossil fuel subsidies that encourage wasteful consumption. Many countries are reducing fossil fuel subsidies while preventing adverse impact on the poorest.

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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

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In order to complete the financing of the project, the European Investment Bank (EIB) is considering a loan of up to 50% of the €280 million (US$416 million) debt financing. The Renault-Nissan Alliance will use its European battery plants in France, the UK and Portugal to supply electric vehicles built around Europe and Turkey.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Biomass and waste-to-energy financings were down 3% at $10 billion. BNEF’s analysis shows that companies, governments and households invested $303.5 billion, down 12%.

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