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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Study confirms €1T green hydrogen potential for Africa

Green Car Congress

Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The report was formally handed over to partners on 20 December. Pilot projects need to show successful green hydrogen generation, storage, distribution and use at both demonstration and commercial scale.

Africa 481
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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

Green Car Congress

—“State of Finance for Nature”. trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. The report calls for coupling investments in restoration action with financing conservation measures.

Financing 296
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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

Green Car Congress

Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program.

Grant 345
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DOT issues discussion document on principles for a connected vehicle environment; safety as top priority

Green Car Congress

The principles reflect the positions of the FHWA (Federal Highway Administration), NHTSA, and RITA at this time of adoption related to research, demonstration and implementation of a connected vehicle environment. Transportation Safety is the DOT’s top stated priority for the connected vehicle environment.

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Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

million in new financing. Niron will begin sampling in limited quantity to selected partners, who can collaborate closely with Niron to design the magnets into suitable high-volume applications. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 Background.

Minnesota 482
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Japanese banks financed most of the Mumbai Trans Harbour Link. Tap to know the cost. | Autocar Professional

Baua Electric

Design and engineering Engineering the bridge was particularly challenging. From Japan with Love The bridge was constructed from special steel sections imported from Japan (Japan also provided the finance for the bridge). Rypee and Yen Japanese banks provided most of the finance for the bridge (it costs roughly Rs 18,000 crore).