article thumbnail

Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

With its investment in HIF Global LLC, Porsche is participating in an international financing round alongside the Chilean company Andes Mining & Energy (AME) and the American companies EIG, Baker Hughes Company and Gemstone Investments. These electricity-based synthetic fuels enable nearly-CO 2 -neutral operation of combustion engines.

Porsche 243
article thumbnail

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%

article thumbnail

Earth Day 2024: each day is about reducing emissions | Autocar Professional

Baua Electric

Faith leaders connect Earth Day with protecting the human race, biodiversity and the planet that we all live on. And the automotive industry too is doing its bit to ensure green motoring. Industry belched out smoke and sludge with little fear of legal consequences or bad press. degrees Celsius.

article thumbnail

Member of Swiss National Councils fills up with sunfire solar diesel to call attention to need for regulatory reform

Green Car Congress

Böhni emphasized that the production of climate-neutral fuel is key to climate protection and therefore needs to be given a fair chance; he established the Clean Fuel Now initiative at the Federal Parliament in Bern in late 2014. Climate change is happening much faster than we thought a few years ago. Earlier post.).

Diesel 150
article thumbnail

German OEMs to upgrade emissions control on 5.3M Euro 5 and 6 diesels, contribute to €500M Sustainable Mobility fund

Green Car Congress

million currently approved Euro 5 and 6 diesels in the country, according to the outcome of the “National Diesel Forum” held in Berlin today between the automotive industry and the German Federal and state governments. In this sense, modern and clean diesel technology can also contribute to climate protection.

Diesel 150
article thumbnail

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. They are looking at cutting the nation’s greenhouse gas output by targeting, in separate ways, three major sources of emissions: electric utilities, transportation and industry.

Gas 244