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

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In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. In its position paper , QUTAC sets specific steps: First, the need for quantum computing in the German economy is to be identified in order to create the basis for a cross-industry application portfolio.

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

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Only under the final scenario—named “Forced Revitalization”—in which the pandemic’s disruptive impact to the global economy and mobility combined with strong government intervention to accelerate alternative technologies did oil demand decline after 2025. Lines represent global oil demand by study scenario.

Oil 259
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Economic stimulus: EU could remove VAT on EVs

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Stimulating economies is now a top priority, and in the EU plans are afoot to drive the green transport agenda at the same time. In economic terms it is devastating, with up to 14 per cent of GDP potentially being wiped from the UK's balance sheet this year with other countries suffering even more.

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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. I am proud that Germany is the first country to officially form a hydrogen partnership with Namibia. Namibia has enormous potential for scaling up a green hydrogen industry.

Namibia 337
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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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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

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. Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments.

Renewable 207