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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.
Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. The report was formally handed over to partners on 20 December.
Although independent reporting on these subsidies has increased, global efforts to move forward with subsidy reform have been hindered by a variety of causes, leaving international pledges unfulfilled. of the GDP for 2011–12, according to the International Institute for Sustainable Development’s Global Subsidies Initiative ( GSI ).
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. Today, Domino’s already delivers with electric bikes and/or scooters in 24 international markets, including the US. —Russell Weiner, Domino’s CEO.
Yet current transport patterns, based primarily on private motorised vehicles, generates many social, environmental and economic costs, accounting for more than half of global liquid fossil fuel consumption and nearly a quarter of the world's energy related carbon dioxide (CO2) emissions (IEA, 2009).
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
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). Last ICE in 2038.
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.
in collaboration with Grütter Consulting , has launched a program to monetize the carbon emission reductions associated with Cummins Westport (CWI) and Westport HD natural gas engines. Current carbon credits for this type of emission reduction program can receive up to $25 per tonne. Westport Innovations Inc.,
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.
China’s Ministry of Environmental Protection (MEP) is developing a National Emission Standard V for vehicles, according to Ren Hongyan, Director of Air Pollution and Noise Control Division of MEP. He made the remarks during the 2009 International Forum on Chinese Automotive Industry Development (IFCAID) held last week in Tianjin.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. Tags: Europe Financing Policy Vehicle Manufacturers. billion (US$4.8
This technology has the best chance of actually reducing carbon emissions while producing cheap fuel in the process. Algenol has recently commenced initial operations of a pilot commercial module at its Florida development campus, which builds on the successful launch of a demonstration project in India.
European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean hydrogen. —Commissioner for Internal Market, Thierry Breton.
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 results from the Maritime CCS (carbon capture and storage) research and development project show that the concept is technically feasible and capable of reducing ship CO 2 emissions by up to 65%. Costas Pantelides, Managing Director of PSE.
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.
This includes the possibility of the adoption by IMO of a compensation mechanism through which a significant share of any revenues collected from international shipping could be directed to developing countries and provide a new source of finance to support their efforts to tackle climate change.
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 Smith School of Enterprise and the Environment at the University of Oxford recently published a report recommending that individual governments take more action to curb their own greenhouse gas emissions and put pressure on other governments to do the same. International climate negotiations can only go so far.
. £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. billion), boosting international investment into strong manufacturing bases including in the Midlands and North East.
introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.
Phase I work is part of multi-phase development schedule that forms the basis of definitive agreements required in a trilateral partnership with Conoship International Projects BV from the Netherlands and Vega Reederei and Partners GmbH (VEGA) from Germany targeting zero-emission shipping markets with next generation redox flow batteries.
As part of its strategy of developing solutions to reduce CO 2 emissions, Valeo has acquired the Variable Torque Enhancement System (VTES) ( earlier post ) business of UK automotive technology development company Controlled Power Technologies (CPT). version of the vehicle but with fuel economy and CO 2 emissions approaching those of a Prius.
(CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.
The recovery and subsequent demand growth are underpinned by the green agendas being targeted by many national governments and international bodies looking to reduce carbon emissions.
The report from a task force assembled by the CEPS (Centre for European Policy Studies), a Brussels-based think tank, on European transport policy has concluded that the EU’s goal of a 60% greenhouse gas (GHG) emissions reduction in the transport sector in 2050 compared to 1990 levels is possible, but at a cost.
The emissions gap. Cutting emissions by 2020 to a level that could keep a global 21 st century temperature rise below 2 °C is technologically and economically feasible, according to a new study released by the UN Environment Programme (UNEP). Together they account for around 5% of CO 2 emissions and could account for up to 2.5
The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.
The Environment Committee of the European Parliament voted to include CO 2 emissions from the maritime sector in the EU Emissions Trading System (ETS). MEPs agree that it is important to align the EU and International Maritime Organization (IMO) reporting obligations, as proposed by the Commission. Next steps.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
Overall, this outlook shows clean hydrogen delivering crucial carbon emission reductions. Decarbonizing current and developing new end-uses, it can abate up to 85 GtCO 2 eq in cumulative emissions by 2050, more than twice global CO 2 emissions in 2021. Spur action.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. SEA Electric currently partners with commercial vehicle OEMs, dealers, operators and upfitters to deliver a new range of zero-emissions trucks and is on schedule to deliver more than 1,000 electric commercial vehicles this year.
The research project is co-financed by the Swiss Federal Office of Energy (FOEN). Then we modify the timing and pressure of the injection, among other things, and look at exhaust emission values and fuel consumption. This is done via exhaust gas recirculation (EGR). Dimethyl ether (DME) can be produced from hydrogen and CO2.
to finance the development and production of low-carbon fuels and energy transition metals. gross overriding royalty on a producing natural gas field in Latin America, providing exposure to a lower-carbon transition fuel aligned with government emissions reduction policies. NORI and Low Carbon Royalties are a great fit.
The rule establishes a year-by-year roadmap so that by 2035 100% of new cars and light trucks sold in California will be zero-emission vehicles (ZEVs) and plug-in hybrid electric vehicles (PHEVs). Many states and nations have set targets and goals to phase out the sale of internal combustion cars.
The European Commission has adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels ( Fit for 55 ). It has brought down emissions from power generation and energy-intensive industries by 42.8%
As with the PHEV F-150, which has been shown to provide up to a 50% MPG improvement and 33% CO 2 emissions reduction, the PHEV F-250 will include a driveshaft-mounted electric motor powered by a lithium-ion battery pack that can be charged using standard level 2 and 1 chargers.
It is becoming increasingly clear that the next phase of flare gas eradication will require a major, coordinated effort from central and regional governments, oil and gas producers, technology providers, and the international community. Expand access to financing. The role that each party plays differs by region.
The label also puts the LEAF as best in the mid-size car class in terms of fuel economy, greenhouse gas emissions, and emissions of criteria pollutants. —Scott Becker, senior vice president, Finance and Administration, Nissan Americas. EPA fuel economy label for the LEAF. Click to enlarge.
The necessary set of new technologies must enable today’s poor to attain decent living standards, while reducing emissions and waste and ending the unrestrained drawdown of the Earth’s non-renewable resources. In addition, global carbon dioxide emissions have been increasing. —The World Economic and Social Survey 2011.
(PCNA) has launched Porsche Impact , an online tool that links individual CO 2 emissions to specific climate projects. Porsche Impact is a web-based emissions calculator that allows Porsche owners to assess and compensate for CO 2 emissions, based on mileage and average fuel consumption.
Kennedy International Airport, the busiest airport for international traffic in North America, always seems to be reinventing itself. It opened in 1948 as New York International Airport, although it was typically referred to then as Idlewild. Since then, there have been multiple changes and reconfigurations.
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