article thumbnail

Germany and Namibia form partnership for green hydrogen

Green Car Congress

The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership. I am proud that Germany is the first country to officially form a hydrogen partnership with Namibia. Namibia has enormous potential for scaling up a green hydrogen industry.

Namibia 337
article thumbnail

LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

Green Car Congress

trillion more each year should be invested globally in low-carbon energy, including renewables, and the electrification of economies over the coming decade, while annual expenditure on fossil fuel energy should decrease by $350-600 billion. The report says that $1.5-1.7 It suggests that $1.4

Global 170
article thumbnail

Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

Green Car Congress

trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. of projected economic stimulus spending. The report says that structural transformations are needed to close the US$4.1-trillion

Financing 296
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Billion vs. $28.3 Billion in 2008). . Billion in 2008). Earlier post.).

Financing 150
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

Global energy-related carbon dioxide emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released by the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA). Click to enlarge.

Renewable 199
article thumbnail

DOE to Award Up to $300M in Stimulus Bill Funding for Projects to Expand Use of Alt-Fuel and Advanced Technology Vehicles

Green Car Congress

The FOA modifies a much smaller and earlier-issued FOA by incorporating a supplemental $300 million appropriated by the American Recovery and Reinvestment Act (ARRA) of 2009 (the stimulus bill) for the Energy Policy Act (EPACT) of 2005 Section 721 to fund a competitive grant pilot program to be administered through the Clean Cities Program.

Stimulus 150
article thumbnail

Mayor DiVirgilio: “Why Hermosa Beach is Going Carbon Neutral”

Creative Greenius

Now is the time to use the stimulus, grant and foundation money available to those who lead before the map is even drawn. Now is the time to step up and seize the opportunities available to those who act on new realities before they become mainstream trends.

Carbon 170