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Denmark leads the way when it comes to putting zero-emission urban buses on the streets in Europe, with 78% of new vehicles being electric, according to the latest data from green NGO Transport & Environment. In Luxembourg and the Netherlands about two-thirds of new buses were zero-emissions.
ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering.
The board of directors of the Flemish Transport Company De Lijn has started a new purchase procedure to order up to 1,250 emission-free buses of various types with lengths from approximately 8.5 These old buses are responsible for most of the vehicle fleet’s emissions. to 24 meters.
ZeroAvia has signed an agreement with MONTE Aircraft Leasing (MONTE), the pioneering zero-emissions regional turboprop aircraft lessor. As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights.
The California Air Resources Board will launch a new pilot program that aims to help small trucking fleets make the transition to zero-emission technologies. The pilot will provide $25 million to implement a range of innovative solutions to help small fleets make the transition to zero-emissions.
In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. —IEA Executive Director Fatih Birol.
The technology group Wärtsilä has joined a consortium of key partners to form Zero Emission Services B.V. Within the Netherlands transport sector, inland navigation accounts for 5% of carbon dioxide emissions. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed.
The US Department of Transportation’s Federal Highway Administration (FHWA) announced a Notice of Proposed Rulemaking ( NPRM ) for states and municipalities to track and reduce greenhouse gas (GHG) emissions. The proposed rule is expected to publish in the Federal Register next week.
SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In May 2022, the companies began retrofitting the first 45 ton vehicle, which is expected to be ready by the end of 2022.
The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.
FCA US has reached final settlements on civil, environmental and consumer claims with US federal and state agencies as well as private class actions to resolve differences over diesel emissions requirements. The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018.
While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climate change, it is a small fraction of total aviation emissions. The gravity of climate change is forcing a tipping point in the green hydrogen ecosystem of producers, distributors, and consumers.
And considering the emissions generated by one tractor, we believe it is critical to help farmers adopt this technology faster and more seamlessly. While observing the rapid acceleration in EV adoption, especially in the heavy-duty sector, we realized that agriculture is an underserved industry in electrification.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
announced that 17 local governments and transit agencies will receive more than $236 million in grants from the Department of Transportation (DOT) to aid the transition to zero-emission buses. billion in new Low-No Program emission funding and $5.1 billion in new Low-No Program emission funding and $5.1 Low-No Program.
Proterra Transit battery-electric buses feature zero tailpipe emissions, saving approximately 230,000 pounds of greenhouse gases annually when replacing a diesel bus. The company’s fleet of zero-emission, electric transit buses have displaced more than 140 million pounds of CO 2 tailpipe emissions.
We’ve made a commitment to net-zero carbon emissions by 2050, and this is one way we can begin reducing our environmental impact, one delivery at a time. —Russell Weiner, Domino’s CEO. Today, Domino’s already delivers with electric bikes and/or scooters in 24 international markets, including the US.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO).
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. HKM aims to reduce CO 2 emissions by 30% by the year 2025, and then be as climate neutral as possible by 2045.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
Green hydrogen is economically viable at €2/kg and can accelerate low-carbon economic growth across continent and reduce emissions by 40%. Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event.
EPA’s new Clean School Bus Program will provide $5 billion over the next five years (FY 2022-2026) to replace existing school buses with zero-emission and low-emission models. The Agency will also launch a grant competition later this year. Non-profit school transportation associations.
Financing alternatives are being evaluated. TECO 2030 focuses on one of the biggest environmental challenges of our time: How to combine ever-increasing shipping volumes with reduced emissions? The company’s vision is emission-free shipping, with hydrogen-based fuel cells in a leading role.
The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.
The European 4x2 Artic version of the Nikola Tre battery-electric vehicle (BEV)—launched in 2022 at IAA—is a zero-emissions battery-electric heavy-duty truck with a range of approximately 500 km and the performance to complete a wide range of regional missions.
The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. BMW Group has set ambitious sustainability targets as it aims to reduce CO 2 emissions along the entire value chain. BMW i Ventures has invested in Natural Fiber Welding , Inc.
582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. The government will also launch a consultation on the phase-out of new diesel heavy-duty trucks to put the UK in the vanguard of zero-emission freight.
signed a joint research agreement under which they will jointly conduct a feasibility study (Phase 2) on the establishment of a lower-emissions fuel ammonia supply chain from Australia to Japan. .; and Hokkaido Electric Power Co.
R33 Blue fuels reduce CO 2 emissions by at least 20% compared with fossil diesel and gasoline in the well-to-wheel analysis, and the figure is rising. By financing certified environmental projects, fuel producers do more to improve the environmental impact of the remaining fossil components in R33 fuels.
MSRP excludes destination/delivery fee plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. The Mustang Mach-E was the No. 2 US EV manufacturer as it continues to scale that part of the business.
The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climate change. In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country.
The global maritime transport industry has submitted a proposal to the UN IMO to form the world’s first collaborative shipping R&D program to help eliminate CO 2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about US$5 billion over a 10-year period.
the world’s largest pure-play automotive fleet manager, will offer sales, financing solutions and vehicle management services throughout the vehicle lifecycle to EVV fleet operators. Element Fleet Management Corp., Club Car will provide sales and service support for the vehicles to Element and its Clients.
As previously announced, the partnership provides Uber drivers a discounted package for a Wallbox Pulsar Plus charger, installation and the option to finance the package. The partnership is part of Uber’s continued commitment to becoming a zero-emission platform in the US and Canada by 2030.
Clean hydrogen is indispensable to reduce industrial carbon emissions and contribute to our energy independence from Russia. The Joint Declaration also features Commission actions to put in place a supportive regulatory framework, facilitate access to finance and promote efficient supply chains.
Through START, Rio Tinto will also provide technical expertise through a sustainability advisory service and support for customers looking to build their sustainability offerings, benchmark and improve performance, support sourcing goals and access to green financing. Earlier post.).
Hydrogen production is also a major emitter of CO 2 , generating approximately 1000 million tons or more than 2% of global O 2 emissions. This financing round will enable the production of Divi-H at an industrial scale, under the first two mass manufacturing lines. Source: DiviGas.
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles.
billion investment plan to support the transition to zero-emission transportation. The investments are part of California’s comprehensive strategy for improving air quality and reducing greenhouse gas emissions in the transportation sector, the state’s largest source of air pollution and climate-changing gases.
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