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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. billion and $2.7
Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. China continued to solidify its position as the world’s clean energy powerhouse. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009.
Building sustainable and clean energy systems will be harder, riskier and more expensive without nuclear, according to the new report, Nuclear power and secure energy transitions: From today’s challenges to tomorrow’s clean energy systems. —IEA Executive Director Fatih Birol.
million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 cleaning and conditioning of syngas. Through structural investments, it supports the growth of innovative companies with a global competitive edge and the potential to accelerate the transition to a green manufacturing economy.
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Enerkem’s platform is a 4-step thermochemical process that consists of feedstock preparation; gasification; cleaning and conditioning of syngas; and catalytic synthesis. Canada-based Enerkem Inc., Earlier post.).
GE and Clean Energy Fuels are collaborating to expand the infrastructure for natural gas transportation in the United States. As part of the collaboration, Clean Energy Fuels will initially purchase two MicroLNG plants from GE Oil & Gas. GE’s MicroLNG plant can liquefy natural gas at any point along a gas distribution network.
Senate Finance Committee Chairman Max Baucus (D-Mont.) This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. Specific proposals include: Clean electricity tax credit. Clean fuels tax credit.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.
The US Department of Energy announced the selections for three consortia that will make up the $125-million US-India Joint Clean Energy Research and Development Center (JCERDC). The Joint Clean Energy Research and Development Center is part of the US-India Partnership to Advance Clean Energy.
and Baker Hughes intend to become cornerstone investors in the formation of the FiveT Hydrogen Fund, a new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale. The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.
While the 12 th Five Year Plan document has not been publicly disclosed, it appears to DBCCA that the Plan will continue to place significant emphasis on green development, and that China is accelerating its path toward decarbonizing and cleaning up its power and industrial infrastructure. Climate change policy regimes around the world.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. The Administration will also seek to expand bilateral cooperation with major emerging economies.
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions. It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. billion) under ECTF (European Clean Transport Facility). billion (US$4.8 billion (US$4.8
to finance the development and production of low-carbon fuels and energy transition metals. Our extensive experience in building, developing and financing natural resource assets and companies allows us to consider trade-offs of resource projects thoughtfully.
On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars.
Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. This reform will not apply to our support for clean energy, renewables, and technologies that dramatically reduce greenhouse gas emissions.
in addition to Opus 12, they are: WILDCOAST (Imperial Beach, California) is working to secure a resilient coastline to help protect communities, economies and ecosystems from climate change impacts in the Gulf of California. Clean Energy Works (Washington, D.C.) Energy Access. Transportation. Social & Cultural Impacts.
The other 98% of the portfolio includes 19 new clean energy power plants that are adding enough solar, wind and geothermal capacity to power a million homes and displace 7 million metric tons of carbon dioxide every year—roughly equal to taking a million cars off the road.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. access the fund, boosting their efforts to establish their own clean energy futures and adapt to. future agreements. existing climate change. Adaptation.
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. Integrated pilot and ten percent of full-scale conversion facilities will be financed to determine suitable technologies for full-scale commercial deployment.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60
PEM electrolyzer company Ohmium International closed a $45-million Series B financing round. The world is rapidly transitioning away from fossil fuels and towards clean energy, and recent events have only accelerated that move. We can no longer tie our economies to unreliable fossil fuels.
The European Raw Materials Alliance (ERMA) will support Canadian mineral exploration and development company Mkango Resources Ltd.with securing financing for the development of a rare earth separation plant to be located in Pu?awy, awy, Poland.
continued] The post Global Investment In The Clean Energy Transition Surpassed $2.1 In a landmark achievement, global investment in the low-carbon energy transition surged to a record $2.1 Key Drivers of Growth According to BloombergNEF (BNEF), the significant uptick in investment was.
The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. Deep sea mining remains controversial.
Sept 24, 2009, New York City ( Sourced from prnewswire ) - The Clinton Global Initiative announced this afternoon a breakthrough for the long overdue clean energy retrofitting of America’s homes, commercial and apartment buildings. PACE stands for Property Assessed Clean Energy. Big props to each of them as well!
The report found that several clean energy technologies—including wind turbines, electric vehicles, photovoltaic cells and fluorescent lighting—use materials at risk of supply disruptions in the short term. Criticality” here is a measure that combines importance to the clean energy economy and risk of supply disruption.).
Cable also announced today that £20 million will now be invested into two clean technology funds; Zouk Cleantech 2 and HG Capital Renewable Power Partners 2, as part of the £325 million (US$534 million) UK Innovation Investment Fund (UKIIF).
A report released by the World Economic Forum during its annual meeting in Davos warns that to have a chance of limiting the average increase in global temperatures to 2°C, a level which an increasing number of experts already considers unsafe, at least US$515 billion per year will need to be invested in clean energy globally between now and 2030.
Given the magnitude of the investment, the draft plan calls for the ports to intensify their funding advocacy and increase collaboration with their partners to finance the new strategies. The strategies also reinforce the ports’ commitment to sustainable operations that maintain and strengthen their competitive position in the global economy.
The company says that its hybrid powertrain increases the EPA city fuel economy by 25%, which can provide a three year payback without government incentives, or immediate savings when combined with vehicle financing. XL Hybrids was started by MIT alumni who collectively have founded four alternative energy companies.
The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.
Using a long-term economic forecasting model that details patterns of vehicle ownership and use across the state, the study— Driving California’s Economy —evaluated scenarios ranging from existing vehicle emissions rules to standards representing higher expectations for emerging advanced technologies. Click to enlarge.
The European Investment Bank is pleased to support Ford’s cutting-edge engine research and development in Dunton and Dagenham and the company’s upgrading of manufacturing operations in Bridgend, Southampton and Dagenham, in particular through the European Clean Transport Facility.
continued] The post A Real Take On Tesla’s Finances Good, Bad, & Unknown appeared first on CleanTechnica. It happens constantly, and it’s quite annoying when it’s obviously false and unrealistic. On the flip side, I’ve covered Tesla closely for 13 years, which means I’ve covered the dramatic.
At a meeting in the United Arab Emirates, Ministers at the Clean Energy Ministerial endorsed recommendations from the Carbon Capture, Use and Storage (CCUS) Action Group chaired by Australia and the UK. Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage.
Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “… to continue promoting the usage of clean energy as well as supporting the green economy and climate change mitigation, I propose the following measures: a) Remove customs duty on […] Here is some good news from Zambia.
The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Support clean energy, clean technology, or renewable energy.
The Series-A funding round was led by CBMM—the world’s leading supplier of niobium products—and BGF—the UK & Ireland’s most active and dynamic investor of equity capital in growth economy companies—with the University of Cambridge, Origin Capital and other existing shareholders also taking part.
Once fully financed, the contract value of the pilot plant will be added to ITM Power’s opportunity pipeline. There is a growing demand for hydrogen in parts of the world that are leading the transition away from conventional energy sources to renewable, clean energy for both motive and stationary power applications.
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