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

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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

Green Car Congress

Volvo Cars successfully placed its second green bond to raise €500 million from a diverse set of global investors. 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.

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BMW Group to lead €19.5M HyCET project consortium on hydrogen combustion engine trucks

Green Car Congress

The use of green hydrogen produced from renewable energies could thus enable CO 2 -free long-distance logistics in the future. Hydrogen is a good energy-storage solution for climate-friendly transportation that can supplement battery-electric mobility. Hydrogen technology offers us the chance to rethink mobility.

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Ford Pro and Deutsche Post DHL Group collaborate on electrification of last-mile delivery; > 2,000 electric vans by end of 2023

Green Car Congress

Deutsche Post DHL Group, the world’s leading logistics company, is committed to strengthen clean operations for climate protection and will invest €7 billion in the current decade on its path to net-zero emissions logistics.

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US$7.5M JOSPEL project to develop energy efficient climate control for EVs; leveraging Joule and Peltier effects

Green Car Congress

A trans-European collaboration aims to develop a novel energy efficient climate control system to help reduce the energy used for passenger comfort in electric vehicles by at least 50%. The aim of the €6.7-million million (US$7.5-million)

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15 countries agree to work toward 100% ZEV truck and bus sales by 2040

Green Car Congress

Under the new Global Memorandum of Understanding (MOU) for Zero-Emission Medium- and Heavy-Duty Vehicles (ZE-MHDVs), Austria, Canada, Chile, Denmark, Finland, Luxembourg, Netherlands, New Zealand, Norway, Scotland, Switzerland, Turkey, United Kingdom, Uruguay and Wales are setting an interim goal of 30% zero-emission new vehicle sales by 2030.

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JRC report assesses R&I in low-emission alternative energy for transport (ALT) in Europe; €2.3B spent from 2007-2020

Green Car Congress

Brown branches: road transport; blue branches: aviation; green branches: waterborne transport; dark yellow: multimodal transport. They should evaluate all potential impacts to set realistic targets that ensure the decarbonization of the transport sector at the highest possible speed to achieve the EU’s climate objectives. Source: JRC.

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