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Algenol closes on additional $25M internal equity financing

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This technology has the best chance of actually reducing carbon emissions while producing cheap fuel in the process. Algenol has recently commenced initial operations of a pilot commercial module at its Florida development campus, which builds on the successful launch of a demonstration project in India.

Financing 150
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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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). How does the US deal with local and state economies with high carbon economies and little renewable resources? by Bill Cooke.

Financing 150
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ADB draft report says 3B Asians could become affluent by 2050; significant challenges

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Asia’s long-term competitiveness will depend heavily on how it controls the intensity of its resource use, including water and food, and manages its carbon footprint. The rapid growth in Asia’s energy use has created two major concerns for the region and within the international community. —Asia 2050.

Asia 186
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PBL Study Finds Developed Countries Proposals for Copenhagen Fall Short for Reaching 2 °C Climate Objective

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The report, “Pledges and Actions: A scenario analysis of mitigation costs and carbon market impacts for developed and developing countries”, explores the implications of different possible scenarios on the outcomes of the current climate negotiations. Non-Annex I actions may be (partially) financed by Annex I2. of GDP in 2020.

Climate 186
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. The advantages many companies experienced in the last two decades from “cheap labor” in developing nations are likely to be eroded by the growth and power of the global middle class.

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Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

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During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. Silicon based PV, on the other hand, is hugely scalable and relatively cheap. by Henry Hewitt for Oilprice.com. Click to enlarge.

Solar 150
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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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Even on land, getting oil from tar sands depletes water and other resources and doubles oil’s carbon footprint. And oil only seems cheap. And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older! But let’s realize: defending our nation is never cheap.

Oil 252