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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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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. Today’s new plants are tomorrow’s retrofits.

Hydrogen 221
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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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Global billionaires unite in “Breakthrough energy coalition” to support development of zero-carbon energy

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Success will provide the economic proof points necessary for the mainstream market-driven clean energy economy required for our planetary future. The coalition includes: Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, India. Ratan Tata, Chairman Emeritus, Tata Sons, India.

Energy 150
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BRIMCS countries, and especially China, outspending IEA countries in energy RDD

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“ Governmental Energy Innovation Investments, Policies and Institutions in the Major Emerging Economies: Brazil, Russia, India, Mexico, China, and South Africa. Data: Kempener et al. Click to enlarge. Kempener, Ruud, Laura D. Anadon, and Jose Condor.

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