Remove Coal Remove International Remove Solar Remove Stimulus
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

Global energy-related carbon dioxide emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released by the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA). Coal use would decline most rapidly.

Renewable 199
article thumbnail

PwC industry survey provides check-up on determining factors for EV success

Green Car Congress

This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs. In addition, bringing the cost of EVs in line with internal combustion engine (ICE) vehicles remains a key challenge to achieve widespread adoption. Nearly 68.8%

article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

These three leading international energy markets illustrate how progress is being made in other major energy-intensive nations, but they are not alone. The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated.

Renewable 220
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). Cap and Trade Disappointment.

Financing 150
article thumbnail

IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. This was the result of accelerating economic activity as well as the combination of higher natural gas prices and colder weather favoring an increase in coal use.

Emissions 433
article thumbnail

NYC Goes EV

Revenge of the Electric Car

All-electric cars, like the upcoming Nissan Leaf, have a range of about 100 miles and are powered by electric motors instead of the gas-powered internal combustion engine found in most current cars. billion in stimulus grants to the industry. The city’s overall emissions that year totaled 53.3 roads by 2015 and has provided $2.4

article thumbnail

The Most Powerful Greenius In America

Creative Greenius

But I will admit that one thing has changed even more than the size of our electric bill and that’s the size of the solar PV system we now need to generate 100% of our electricity – because the same moves that cut our electric bill also cut the number of solar panels we need by 50% too. The Big Dick Cheney Effect.

America 170