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Algenol closes on additional $25M internal equity financing

Green Car Congress

This technology has the best chance of actually reducing carbon emissions while producing cheap fuel in the process. —Alejandro Gonzalez, founder of BioFields. BioFields’ most recent investment builds atop previous commitments to Algenol that began in 2007.

Financing 150
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Used EVs – Over The Hill, Or An Absolute Steal?

My Energi

A worldwide deficit of lithium, a global shortage of semiconductors and the ongoing conflict in Ukraine are all heavily impacting production efficiencies, with some OEM lead times reportedly reaching upwards of twelve months. 40 i (40 kWh) – Cheap to run, cheap to buy, the Renault Zoe is the perfect all-rounder. Renault ZOE Z.E.40

Cheap 133
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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). The US is in a race for global dominance in the new energy economy with China. by Bill Cooke. Billion vs. $28.3

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

Green Car Congress

The draft report says that as the global economy’s center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the current 27%, as well as half of global trade and investment. If these events occur, Asia would account for only 32%, or $61 trillion, of global GDP in 2050.

Asia 186
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks.

Russia 225
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. The report was released on the opening day of KPMG’s global “Business Perspective on Sustainable Growth: Preparing for Rio+20” summit occurring this week in New York. Source: KPMG.

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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 current proposals by developed countries on the table for the upcoming climate negotiations in Copenhagen to reduce greenhouse gas (GHG) emissions do not yet suffice to limit global warming to a rise of 2 °C (based on a long-term 450 ppm concentration of GHG), according to a new report by the Netherlands Environmental Assessment Agency (PBL).

Climate 186