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

Green Car Congress

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. The steel industry cannot afford to wait for the 2040s to start its transition.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion, was up 36% on the previous year and came the closest ever to overhauling the total for developed economies, at $138.9 billion) and South Africa ($5.5 In the US there is uncertainty over the future of the US Production Tax Credit for wind, but costs are now so low that the sector is more insulated than in the past.

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EV Charging: A Look at the International Landscape

EV Connect

In addition to directing the Environmental Protection Agency and the Department of Transportation to tighten fuel efficiency standards, President Biden has made supporting electric vehicles a top priority, expanding consumer tax credits for EV purchases and mandating that the entire federal fleet of vehicles be converted to electric.