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CARB launches $25M pilot program to help small trucking fleets transition to zero-emission technologies

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The California Air Resources Board will launch a new pilot program that aims to help small trucking fleets make the transition to zero-emission technologies. The pilot will provide $25 million to implement a range of innovative solutions to help small fleets make the transition to zero-emissions.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. However, a new era for nuclear power is by no means guaranteed. —IEA Executive Director Fatih Birol.

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California Governor signs two bills to strengthen emission standard for trucks; Executive Order leverages $700B portfolio to strengthen climate resiliency

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California Governor Gavin Newsom signed two bills to strengthen emission standards for trucks, semis and other high-pollution vehicles. Truck emissions. SB 44 by Senator Nancy Skinner (D-Berkeley) requires CARB to create a comprehensive plan for reducing greenhouse gas emissions from medium- and heavy-duty vehicles.

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Microsoft climate fund invests $50M in LanzaJet alcohol-to-jet SAF plant

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LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources.

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Volvo Cars successfully places first green bond, raises €500M

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A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework.

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

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To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. Overall, this outlook shows clean hydrogen delivering crucial carbon emission reductions. trillion in developing economies. trillion in developing economies.

Clean 429
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Government of Canada releases framework for ending fossil fuel subsidies

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The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Canada is also committed to phasing out public financing of the fossil fuel sector.

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