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Germany and Namibia form partnership for green hydrogen

Green Car Congress

The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership. Namibia has enormous potential for scaling up a green hydrogen industry. test schemes for green hydrogen production in Namibia and for hydrogen transport.

Namibia 337
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ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

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According to the ITF Transport Outlook 2021 , the biennial flagship report of the International Transport Forum, a sister organization of the OECD, global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 even if existing commitments to decarbonize transport are fully implemented.

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Study finds global oil demand likely to grow despite pandemic, climate policies

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The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. The greater competitiveness of alternative fuels and the weaker economy in that scenario contribute to lower oil use overall.

Oil 259
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BMW, Bosch, Volkswagen founding members of Quantum Technology and Application Consortium (QUTAC)

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In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. There are many highly interesting areas, e.g., in logistics, transport, chemicals and the financial sector. The results are intended to benefit all participants in the ecosystem.

BMW 221
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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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The report highlights the potential for investments in zero-emissions energy and transport to create new jobs and economic growth. It recommends that these should be a central part of the recovery packages of the G7 countries, which together should increase their annual investment by 2% of GDP, or $1 trillion, compared to pre-pandemic levels.

Global 170
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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

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If Southeast Asian nations delay action on climate change, their economies and people will ultimately suffer. Ursula Schaefer-Preuss, Vice-President for Knowledge Management and Sustainable Development.

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

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Other than the good news on oil consumption, very little was said in regards to transportation fuels. by Bill Cooke.

Financing 150