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Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

Green Car Congress

Plug Power, Chart Industries, Inc. Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million). The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.

Hydrogen 170
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130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

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In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both.

Climate 236
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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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.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

Green Car Congress

Demand is expected to initially build on the decarbonization of existing industrial uses of hydrogen (95 MtH 2 eq), most notably for fertilizer production. Reducing our carbon emissions and the physical and economic damages from unmitigated climate change is a massive win for nations and businesses alike.

Clean 429
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The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. After decades of having focused on creating maximum shareholder returns, things have changed dramatically, but maybe not for the better.

Oil 231
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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

Green Car Congress

The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”. The report says that $1.5-1.7 It suggests that $1.4

Global 170
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RESPONSE TO CLIMATE CHANGE COMMISSION: Drive Electric’s advice on the second draft of the Emissions Reduction Plan (2026-2030)

Drive Electric

Our response to the draft advice Our response relates to: Chapter 9 Energy and Industry Chapter 11 Transport We are focused on the sections of the draft advice that relate to our mission to accelerate the uptake of e-mobility in New Zealand to support the decarbonisation transport. We have more than 70 members from the sector.