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European Commission approves €4.7B public support scheme for advanced biomethane and biofuels in Italy

Green Car Congress

The measure will contribute to reaching EU energy and climate change goals while limiting distortions of competition. The scheme will be financed by transport fuel retailers who are obliged by law to include a certain percentage of advanced biofuels and biomethane in their fuel blends.

Italy 296
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EIB lends €65 million to Mossi and Ghisolfi Group for production of second-generation bioethanol

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Biochemtex’s total investment of €133 million (US$183 million) will create new jobs for highly qualified researchers and scientists.

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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). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.

Climate 236
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Global Wind Power Capacity Grew 28.8% in 2008; 120.8 GW Total

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Wind energy is the only power generation technology that can deliver the necessary cuts in CO 2 in the critical period up to 2020, when greenhouse cases must peak and begin to decline to avoid dangerous climate change. Steve Sawyer, Secretary General of GWEC. A hat-tip to Henrik!)

2008 150
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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—Leo Johnson, Partner, Sustainability and Climate Change, PwC. The new reality is a much more challenging future in terms of planning, financing and predictability. —Jonathan Grant, director, sustainability and climate change, PwC. nuclear war, radical climate change before 2050).