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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Inflows to clean energy projects in India and Brazil slipped $2.4 Overall, declining costs for solar and wind played a considerable factor in the fall in absolute dollar investment in emerging economies. Excluding China, India and Brazil, clean energy investment jumped to $34 billion in 2018 from $30 billion in 2017.

Coal 243
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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

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A study by Ricardo Strategic Consulting has concluded that while sluggish automotive demand in Europe, Japan and North America will be balanced by the BRIC (Brazil, Russia, India and China) markets through 2020, thereafter the ‘Rising-15’ nations become the engine for profitable growth—assuming political stability.

Market 210
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BRIMCS countries, and especially China, outspending IEA countries in energy RDD

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The study, by the Energy Technology Innovation Policy research group at Harvard Kennedy School’s Belfer Center for Science and International Affairs, found that a minimum of $13.8 Data: Kempener et al. Click to enlarge. The majority of these funds (82%) came from 100% government owned enterprises in China. Source: Kempener et al.

China 199
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Ford opening 66 more new dealerships in China by end of year; Asia-Pacific growth plans

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Many of these cities, relatively unknown outside of China, have populations well above one million people and will help lead the next wave of growth in the Chinese economy. Ford’s Asia Pacific and Africa region encompasses markets on three continents, including Australia, China, India, Thailand and South Africa.

Asia 199
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GM to double models with 40 mpg highway or better by 2017; ongoing manufacturing efficiency improvements

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GM’s fuel-economy plan through the 2016 model year focuses on a reduction in vehicle mass and aggressive investment in advanced materials, such as high-strength steel, carbon fiber and aluminum, enabled in part by our industry-first aluminum welding technology. Earlier post.). —2012 Sustainability Report. to reflect this change.

GM 275
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We ask the international financial institutions to offer support to countries in this process. The Group of Twenty (G20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

Energy 252