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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4

Coal 243
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Global geothermal industry passes 12,000 MW operational

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Financing was announced for projects in Costa Rica, Dominica, Djibouti, Ethiopia, Indonesia, Japan, Kenya, Mexico, Tanzania, and the United States, while projects in drilling and start-of-construction phases made headway in Chile, Germany, Guatemala, Italy, Japan, Montserrat, The Philippines, Rwanda, and Zambia.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units.

2015 150
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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Technologies such as electric heat, CCS and hydrogen are only attracting a fraction of the investment they will need in the 2020s to help bring emissions under control. Biomass and waste-to-energy financings were down 3% at $10 billion. We need to be talking about trillions per year if we are to meet climate goals. billion (down 11%).

2020 259
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China’s new energy buses are re-exported to Europe

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The Minister of Environment and Climate Action of Portugal, the Mayor of Porto, and the leaders of the relevant units of Porto’s environment, finance, and public transport companies attended the on-site event and took the Zhongtong pure electric bus for a test ride, which was highly praised.

Europe 40
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UN report highlights urgent need to tackle impact of EV battery production boom

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The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climate change. In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country.

Batteries 545