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

Green Car Congress

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.

BMW 221
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Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

Forty-four leading energy and transportation experts developed the scenarios, which featured varying speeds of economic recovery, levels of government intervention in energy markets and endurance of mobility trends that started during pandemic lockdowns. In three of the four scenarios, global oil demand continued to grow through 2030.

Oil 259
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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. I am proud that Germany is the first country to officially form a hydrogen partnership with Namibia. It has a lot of vast unused space.

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

Green Car Congress

Gearing stimulus packages towards decarbonization. Governments must set ambitious targets in the 2021 revision of the Nationally Determined Contributions under the Paris Agreement, underpin them with concrete policies, and reinforce them by leveraging Covid-19 recovery packages to accelerate and deepen transport decarbonization.

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

Green Car Congress

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. The report highlights the potential for investments in zero-emissions energy and transport to create new jobs and economic growth.

Global 170
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Continental Mobility Study 2020 finds many people still have doubts about EVs

Green Car Congress

In Germany, these have been increased as part of the stimulus package to alleviate the impact of the coronavirus pandemic on the economy; in China, the premiums that were set to expire have also been extended. All five countries offer purchase premiums for electric vehicles, for example.

2020 259
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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. The price decline indicates a deterioration in the local steel market, reported Nikkei Asia. per cent, 1.3

Chinese 40