ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere and Clean Energy Ventures.

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. The potential positive environmental and social influence of projects described in Ford’s sustainable financing framework earned an “advanced” rating—the highest possible—from Vigeo Eiris.

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Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climate change, it is a small fraction of total aviation emissions.

IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018.

2020 296

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.

German High Court Rules Delaying Climate Action Harms Youth

EV Obssesion

Germany’s highest court ruled Thursday that the country’s 2019 climate law unconstitutionally saddles young people with the burden of fighting climate change by “irreversibly offload[ing] major emission reductions burdens onto periods after 2030.”

Greening India’s Homes & Vehicles with Low-Cost Finance

EV Obssesion

Greater Credit from Financial Institutions Can Improve Affordability, Awareness, and Adoption By RMI India Pursuing low-carbon development is central to India’s Paris Agreement climate goals.

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4

2019 224

Big Coal Doomed: Not By Climate Rules But Fracking & Finance

Green Car Reports

Carbon Footprint EPA natural gas climate change electric utilities regulation renewable energy energyCoal is the worst fossil fuel, that much is clear. Its carbon footprint per kilowatt-hour of electricity when it's burned by electric utilities to make electricity is far, far higher than that of natural gas. And that's even before the slowly improving economics of renewable sources come into play, from home solar photovoltaic panels to huge.

2015 110

130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

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In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both. To transit to low-carbon and climate-resilient economies that support the goals of the Paris Agreement requires an additional investment of at least USD 60 trillion from now until 2050.

2019 206

Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

Changes in how transport is financed are essential if cities and nations are to deal effectively with the rapid growth in motor vehicle traffic and related environmental and health problems, including climate change, according to a new report by the Transport Research Laboratory released at Fifth Regional EST Forum in Asia by the Institute for Transportation and Development Policy (ITDP) and the Partnership for Sustainable Low Carbon Transport.

Euro Parliament Environment Committee votes to include shipping CO2 in EU ETS; shipping industry to contribute to climate neutrality

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The committee calls for an “Ocean Fund” for the period from 2023 to 2030, financed by revenues from auctioning allowances under the ETS, to make ships more energy-efficient and to support investment in innovative technologies and infrastructure, such as alternative fuel and green ports, to decarbonize the maritime transport sector. Climate Change Emissions Europe Market Background Ports and Marine

2020 212

Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

With one of the nation’s most ambitious climate targets, Park City is laying a path for a net-zero carbon footprint for its municipal operations by 2022 and a Summit County area-wide net-zero carbon footprint by 2032 by implementing Proterra’s proven transit technology. Park City Transit received financing for the six Proterra buses through an extremely competitive Low-No Emissions Grant with the US Department of Transportation, Federal Transit Administration (FTA).

2017 172

EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

This new CalSEED grant will fund the development of an EV Climate Loan platform. EV Life’s Climate Loan aims to lower the monthly cost of an EV by up to $200/month. The company’s first product is a web platform that makes it easier to find and finance an electric car.

2020 83

‘GRIDSERVE Partner Network’, Li-Cycle,100 Years of Glaciers Disappearing, Elon’s Tesla Shares, NFI Financial Solutions EV Financing, Swappable Battery for Commercial Vehicle

EV Obssesion

The post ‘GRIDSERVE Partner Network’, Li-Cycle,100 Years of Glaciers Disappearing, Elon’s Tesla Shares, NFI Financial Solutions EV Financing, Swappable Battery for Commercial Vehicle appeared first on EV Obsession.

Bio- and jet-fuel carinata feedstock company Agrisoma closes $15.4M Series B financing

Green Car Congress

Agrisoma Biosciences, an agricultural company that has commercialized carinata, a non-food oilseed crop designed for sustainable production of biofuels, has closed a $15.4-million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. it is less likely to form crystals that cloud the fuel and lead to filter plugging in colder climates.

2017 150

Summary of decisions from Durban climate conference

Green Car Congress

Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on Climate Change (UNFCCC). The package includes the Green Climate Fund; an Adaptation Committee designed to improve. They therefore decided that the UN Climate Change process shall “increase ambition to act” and.

2011 246

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

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). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 Will climate legislation provide funds? ”.

Government of Québec unveils $2.7B climate change action plan; 63% of spending targeting transport

Green Car Congress

The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on Climate Change (PACC 2020). The PACC 2020 is self-financed from the carbon market and the extension until 2014 of the fuel levy and fossil fuels. Canada Climate Change Heavy-duty Hybrids Natural Gas Policy

SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

Green Car Congress

SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013. Earlier post.)

2014 193

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

Green Car Congress

As the state transitions to a carbon-neutral economy, and as other states and countries increasingly adopt ambitious climate policy, the state’s investments must align with the reality of this major market shift. The Governor’s executive order directs the Department of Finance to create a Climate Investment Framework to measure and manage climate risk across the state’s investment portfolio, with the goal of driving investment toward carbon-neutral and climate resilient technologies.

2019 176

EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

Green Car Congress

The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. It is also important to support RDI (Research, Development and Innovation) projects with tailor-made financial products as under the EIB/European Commission’s Risk Sharing Finance Facility ”. Tags: Europe Financing Policy Vehicle Manufacturers

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Without Exxon Mobil’s funding of the financing bonds the program would not have had the money to offer loans in Torrance. So what about Exxon/Mobil’s funding of the solar financing bond?

2009 150

Chevrolet one of 16 organizations across US recognized by EPA for Climate Action; only automaker

Green Car Congress

The US Environmental Protection Agency (EPA) awarded 2015 Climate Leadership Awards to 16 organizations and one individual representing a wide array of industries from finance and manufacturing to retail and technology for showing what the agency said was exemplary corporate, organizational, and individual leadership in response to climate change. San Diego Regional Climate Collaborative (San Diego, Calif.):

2015 220

Opinion: Political Climate Shifting Against The Oil And Gas Industry

Green Car Congress

First, the attorney general in New York announced an investigation into ExxonMobil, for what it sees as evidence that the company lied about the dangers of climate change. The probe comes on the heels of reports from InsideClimate News that the oil major’s own scientists knew about the threat of climate change decades ago. But, according to the report, ExxonMobil buried the science and instead began funding think tanks and scientific research to sow doubt about climate change.

2015 197

Report: Major changes needed to transport financing

Green Cars News

If the transport sector is to cope with the rapid growth in motor vehicle traffic and the related environmental and health issues then major changes are needed to how transport is financed. Tags: Green cars Green credentials Latest news climate change credit agencies Electric cars Low carbon transport sustainable transport transport financing Transport Research Laboratory

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change. Climate change presents major long-term risks to the global economy and to the assets in which we invest. Investment Grade Climate Change Policy.

Westport Launches First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard

Green Car Congress

Emission reduction calculations are based on an UNFCCC (United Nations Framework for Climate Change Convention) approved methodology. The project documentation is currently being reviewed by SQS, a Swiss entity certified by UNFCCC for the validation of climate change projects in the transport field. Grütter Consulting is a leading advisory firm on carbon finance and transport with activities worldwide. Westport Innovations Inc.,

2010 181

Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone. The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions.

2013 193

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Preparing the US for the impacts of climate change. billion in FY 2014 budget); Assessing climate-change impacts in the United States; Launching a climate data initiative; and.

2013 214

How Smart Energy Management for EV Charging Is Connected to the COP26 UN Climate Change Conference

Driivz

We found ourselves thinking about how Smart Energy Management for EV charging is connected to the COP26 UN Climate Change Conference; Countries from around the world continue to focus on reducing greenhouse gas (GHG) emissions as a key strategy for reducing the rate of global warming.

Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

Green Car Congress

Following an all-night session that sent two weeks of climate talks into overtime, the United Nations Framework Convention on Climate Change (UNFCCC) 15 th Conference Of Parties (COP 15) yesterday tentatively approved a non-binding, three-page political statement that had been hashed out the previous night in face-to-face meetings between leaders of Brazil, China, France, Germany, India, South Africa, the UK, and the United States at the Bella Centre near the Copenhagen airport.

2009 206

PBL Study Finds Developed Countries Proposals for Copenhagen Fall Short for Reaching 2 °C Climate Objective

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The current proposals by developed countries on the table for the upcoming climate negotiations in Copenhagen to reduce greenhouse gas (GHG) emissions do not yet suffice to limit global warming to a rise of 2 °C (based on a long-term 450 ppm concentration of GHG), according to a new report by the Netherlands Environmental Assessment Agency (PBL). Non-Annex I actions may be (partially) financed by Annex I2. Tags: Climate Change Climate models Policy

2009 172

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

Green Car Congress

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. Specifically, they would focus on emissions reductions as well as financing, with negotiations for the two issues separated from one another. [

2009 206

Reducing Black Carbon Emissions and Ground-Level Ozone Would Provide Immediate Benefit Against Climate Change

Green Car Congress

Reducing emissions of black carbon soot and ground-level ozone would quickly make a considerable dent in the climate change problem and would also contribute to public health and protect crop yields, according to an essay in the September/October issue of Foreign Affairs. The piece was co-authored by Scripps Institution of Oceanography at UC San Diego climate and atmospheric scientist V. A provision on black carbon is also included in the Waxman-Markey climate bill.

Report: $12.1T must be invested in new renewable power generation over next 25 years to limit climate change

Green Car Congress

To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 trillion above business-as-usual projections— according to a new report by Ceres and Bloomberg New Energy Finance. The report, Mapping the Gap: Road from Paris, was announced at the UN Investor Summit on Climate Risk, a gathering of 500 global investors this week organized by Ceres, the United Nations Foundation and the United Nations Office of Partnerships.

2016 150

New Report Concludes That Real Costs of Adapting to Climate Change Will Likely Be At Least 2-3X Greater Than Current Estimates

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Representation of damage from climate change avoided by adaptation, and damage not be adapted to (‘residual damage’) over the longer term. Scientists led by a former co-chair of the Intergovernmental Panel on Climate Change are warning warn that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts. Assessing the costs of adaptation to climate change”.

MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

Green Car Congress

Without systematic, transformative changes, the US is unlikely to succeed either in averting the worst economic and environmental consequences of climate change or in achieving a secure, affordable and reliable energy supply. Neither the failure of global and US climate policy nor the emergence of other pressing issues changes the facts about climate and energy. Climate Change Market Background Policy

Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate-neutral and circular by 2040. Above all, a three-time oversubscription illustrates the strong trust that investors put not only in Volvo Cars, but also in the company’s climate plans and electrification strategy. In 2020, Volvo Cars established a Green Finance Framework in alignment with the ICMA Green Bond Principles.

Volvo 259

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 ). The acute economic and financial crisis must not, he said, be allowed to function as a pretext for slackening efforts to combat climate change. Tags: Climate Change Policy Sustainability

Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. In the event that no global agreement on climate change is reached, the bill requires imports from countries that have not taken action to limit emissions to pay a comparable amount at the border to avoid carbon leakage and ensure we are able to achieve our environmental objectives.

2010 188

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

Oceans, already expanding from warmth and melting glaciers, would rise, increasing coastal flooding; a chain reaction of climate changes is projected to lead to harsher, more widespread droughts and more powerful storms. Unfortunately, this conference focused primarily on setting a cap on carbon emissions and providing financial aid to developing countries to build capacities to adapt to the negative impacts of climate change. International Finance Corporation; and.

2009 212

Deadline for applying for Keeling Curve Prize is 10 Feb; $250K for 10 projects

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of the Union of Concerned Scientists; Paul Holthus, World Ocean Council; Kara Hurst, Amazon; Edward Mungai, Kenya Climate Innovation Center; and Robin Newmark, National Renewable Energy Laboratory. Climate Change Fuels Market BackgroundThe deadline is fast approaching to apply for the 2021 Keeling Curve Prize , which will award $25,000 to each of 10 projects designed to reduce greenhouse gas emissions or increase carbon uptake.

Kenya 188