Remove Conference Remove Economy Remove Environment Remove Financing
article thumbnail

Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For

Coal 101
article thumbnail

Tesla Supplier LG Energy Solution tempers 2024 revenue expectations

Teslarati

“I am worried about the high interest rate environment that we’re in. Tesla CEO Elon Musk shared similar concerns about interest rates during the company’s last earnings call. I just can’t emphasize this enough: that the vast majority of people buying a car is about the monthly payment.

Energy 78
article thumbnail

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Climate change presents major long-term risks to the global economy and to the assets in which we invest. United Nations Environment Programme Finance Initiative ( UNEP FI ) is a global partnership between the United Nations Environment Program (UNEP) and the global financial sector.

article thumbnail

Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

Green Car Congress

Rasmussen, who had succeeded Danish Climate and Energy Minister Connie Hedegaard as COP President just two days prior, was quickly replaced by Philip Weech, Director of the Bahamas Environment, Science, and Technology Commission. by Jack Rosebro. degrees Celsius.

Climate 236
article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.

Climate 236
article thumbnail

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.

Fuel 240
article thumbnail

Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line

Green Car Congress

At a renewable energy conference in February of this year Doug Berven, the director of Corporate Affairs at ethanol producer POET, shared the following capacity projections for the ethanol business: At the beginning of this year the industry had 12.1 Financing challenges. billion gallons/year of capacity. (In Earlier post.).