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Green NCAP LCA study shows detrimental climate and energy impact of increasing vehicle weight, including EVs

Green Car Congress

The results of the Life Cycle Assessment (LCA) of greenhouse gas emissions and primary energy demand of the cars tested by Green NCAP in 2022 show that the current and continuous trend towards larger and heavier cars, significantly increases the negative impact on climate and energy demand.

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

Green Car Congress

In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 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.

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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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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. The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose.

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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. The bond was oversubscribed three-times, despite challenging global market conditions. The €500-million, 6-year fixed rate senior unsecured green bond was issued under Volvo Cars’ Euro Medium Term Note program.

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STEAG and thyssenkrupp planning joint green hydrogen project

Green Car Congress

The STEAG power station in Duisburg-Walsum, the site for the construction of a large-scale green hydrogen generation system. ©euroluftbild.de/Hans In the coming years, thyssenkrupp Steel’s climate strategy will entail a continuously increasing and constant demand for green hydrogen. ©euroluftbild.de/Hans Hans Blossey.

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HyIron opens direct reduction plant for green iron

Green Car Congress

HyIron, with the support of the state of Lower Saxony, has commissioned what it says is the world’s largest direct reduction plant for green iron on the site of RWE’s Emsland gas-fired power plant. At the plant, iron ore will be reduced solely with the aid of green hydrogen.

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