article thumbnail

LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

Green Car Congress

Patel Professor of Economics and Government at the London School of Economics and Political Science (LSE), with a team from the LSE. The independent report, published today, on “ G7 leadership for sustainable, resilient and inclusive economic recovery and growth ” was led by Professor Lord Nicholas Stern, I.G. The report says that $1.5-1.7

Global 170
article thumbnail

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

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Eight months ago.

Financing 150
article thumbnail

Congestion charge fund should be spent on public transport

Green Cars News

In the recent fiscal stimulus 18 times more was spent on the VAT cut, than on bringing forward transport investment projects, which create jobs, boost the UK’s economic competitiveness and cut congestion. While over 70 per cent of commuters in England’s six largest urban areas outside London still travel to work by car.

article thumbnail

Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. So far, President Barack Obama has announced no new federaleffort to promote the fuel, and federal funding for hydrogen fortransportation use in the 2009 budget dropped to $177.7 millionthis year from $211.9

Obama 53
article thumbnail

Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

The vision is fuelled by the fear of climate change and the need to find green alternatives to dirty coal, unpopular nuclear power and unreliable gas imports from Russia. Unfortunately, there is very little specific funding for wireless transmission in the stimulus bill that was just signed by the USA President.

Grid 47