article thumbnail

Study: 25% EV adoption would save US $17B annually from avoided climate change & pollution damages

Green Car Congress

A new study led by researchers from Northwestern University projects that if electric vehicles replaced 25% of combustion engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution.

article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

Oil 418
article thumbnail

Combating climate change via carbon credits | Autocar Professional

Baua Electric

In today’s world, climate change is a reality we have to contend with and among the various measures undertaken to combat it, carbon credits can prove to be an effective solution. Weaving a new framework in the climate space, carbon credits incentivize sustainable practices by assigning a financial value to reductions in GHG emissions.

article thumbnail

Why EVs Aren't a Climate Change Panacea

Cars That Think

Electric cars will not save the climate. This is not to imply in any way that electric vehicles are worthless. Transportation accounts for only 27 percent of greenhouse gas emissions (GHG) in the U.S.; It is completely wrong,” Fatih Birol , Executive Director of the International Energy Agency (IEA), has stated.

article thumbnail

Samsung Ventures makes strategic investment in renewable fuels company Raven SR

Green Car Congress

Raven SR, a renewable fuels company ( earlier post ), announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach into the global market, especially in Asia-Pacific region. Raven SR’s technology is designed to produce more green hydrogen per ton of waste than competing processes.

Renewable 199
article thumbnail

EPA proposes Renewable Fuel Standard (RFS) volumes for 2023-2025; seeking input on future modifications

Green Car Congress

The US Environmental Protection Agency (EPA) issued a multipart proposal for required volumes of biofuel under the Renewable FUel Standard (RFS) for the next one to three years and on a series of modifications to the program. Renewable fuel. Biomass-based diesel*. Advanced biofuel. Supplemental standard. EIA has also projected 2.4.

EPA 210
article thumbnail

SoCalGas to offer renewable natural gas at its fueling stations for the first time

Green Car Congress

Southern California Gas Co. SoCalGas) will soon begin using renewable natural gas for the first time at the 25 utility-owned natural gas vehicle fueling stations across its service territory, as well as at six fueling stations in the San Diego area. into SoCalGas pipelines.

Renewable 255