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Historic EU Finance Rules for EVs Undermined by Support for Gas

CleanTechnica EVs

Electric vehicles will be classified as green investments as of 2026, but the EU's green finance rules are severely undermined by the European Commission’s labeling of gas as sustainable.

Financing 109
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Euro Parliament Environment Committee votes to include shipping CO2 in EU ETS; shipping industry to contribute to climate neutrality

Green Car Congress

In addition, MEPs say that market-based emissions reduction policies are not enough, so they also introduced binding requirements for shipping companies to reduce their annual average CO2 emissions per transport work, for all their ships, by at least 40% by 2030. This is more than the emissions of any EU member state.

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Anaergia to supply CO2 to European Energy A/S for green e-methanol production as fuel for container ships

Green Car Congress

Once this gas is processed, Anaergia produces pipeline quality renewable natural gas (RNG) and a clean stream of carbon dioxide that normally gets released to the atmosphere. European Energy develops, finances, constructs and operates wind and solar farms as well as large-scale hydrogen and e-methanol plants.

Green 186
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2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

Green Car Congress

The prize recognizes promising projects that reduce greenhouse gas emissions or promote carbon uptake. is using pay-as-you-save financing to help transportation companies switch to electric buses. Three Wheels United (Bangalore, India) is using finance and technology to decarbonize the auto rickshaw market. Energy Access.

2019 207
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Mitsubishi Hitachi Power Systems introduces 63% efficient, 540MW JAC gas turbine; -70% CO2 compared to older coal-fired plants

Green Car Congress

Mitsubishi Hitachi Power Systems (MHPS) has introduced the M501JAC, an enhanced air-cooled J-Series gas turbine offering an unmatched combination of record output, efficiency and a proven 99.5% It means that if the power plant is constructed and commissioned, it will use MHPS gas turbines. reliability. reliability.

Coal 150
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Empa and partners exploring DME as fuel with new heavy-duty test engine

Green Car Congress

An electrically driven compressor for precise exhaust gas recirculation is also used. The research project is co-financed by the Swiss Federal Office of Energy (FOEN). This leads to a significantly more compact and cost efficient exhaust gas aftertreatment system, even for future extremely strict pollutant emission limits.

Engine 410
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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If the law were to establish negative bids in offshore wind tenders, financing wind farms would be more challenging and send the wrong pricing signals to the market by making wind power unnecessarily expensive, the companies said. —Sven Utermöhlen, CEO Offshore Wind, RWE Renewables.

Wind 195