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

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Specifically, applications for the technology, chemical and pharmaceutical, insurance and automotive industries are to be brought to market maturity. In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. QUTAC’s vision is to drive such a quantum computing ecosystem.

BMW 221
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Germany and Namibia form partnership for green hydrogen

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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. It has a lot of vast unused space. Based on this study, Dr Kaufman said, pilot projects will.

Namibia 337
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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. Crude steel production in China also increased 6 per cent to 261.6 million tonne, according to Nikkei Asia.

Chinese 40
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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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trillion more each year should be invested globally in low-carbon energy, including renewables, and the electrification of economies over the coming decade, while annual expenditure on fossil fuel energy should decrease by $350-600 billion. The report says that $1.5-1.7 It suggests that $1.4

Global 170
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European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

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The response to COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. We need a coordinated relaunch of industrial and retail activity, with maintained liquidity for businesses.

Renewable 207
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Japan ends subsidy program for green car purchases

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According to the Ministry of Economy, Trade and Industry, the government only has ¥2.5 The government revived the stimulus in a fourth supplementary budget for fiscal 2011 as many carmakers suffered disruptions to production and exports following the March 11 earthquake and tsunami, and flooding in Thailand. billion (US$3.5

Japan 247
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Study Finds Global CO2 Emissions Dropped 1.3% in 2009; Emissions in China and India Rose 9% and 6%

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The decrease in emissions follow the decrease in the global economy. When China invests in roads or buildings, this causes large emissions, as industries like cement and steel industries are very emission intensive ”, Peters said. China also has a large export sector. Resources.