article thumbnail

Germany approves €900M for green hydrogen project H2Global

Green Car Congress

Germany’s Federal Ministry of Economic Affairs and Climate Protection (BMWi) has approved €900 million for the innovative funding instrument H2Global. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection.

Hydrogen 382
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. Porsche has been researching the use of renewable fuels for some time.

Porsche 243
article thumbnail

Bosch Chairman Says Business Must Do More for Climate Protection, Even in Difficult Times

Green Car Congress

Business must do even more for climate protection, even in difficult times, said Franz Fehrenbach, chairman of the Bosch board of management, an a talk at the Baden-Württemberg sustainability congress held in Stuttgart on 25 March ( Nachhaltigkeitskongress Baden-Württemberg 2009 ). billion) in 2008.

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%

Price 259
article thumbnail

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

Green Car Congress

CO 2 + water + renewable energy → e-diesel. 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. Earlier post.). Click to enlarge.

Diesel 150
article thumbnail

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

Green Car Congress

The legislation would also provide new incentives for domestic oil and gas drilling, nuclear power plant construction, carbon capture and storage, and renewable energy sources like wind and solar. Financing Investments and Other Public Expenditures. Allowance value can be used to finance government expenditures of various kinds.

Gas 244