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trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund. Private green funds could help finance a global fund. Click to enlarge.
The Environment Committee of the European Parliament voted to include CO 2 emissions from the maritime sector in the EU Emissions Trading System (ETS). 20% of the revenues under the Fund shall be used to contribute to protecting, restoring and efficiently managing marine ecosystems impacted by global warming. Next steps. Background.
Global Bioenergies will soon be receiving €2.6 Global Bioenergies will soon be receiving €2.6 Financing a first of its kind plant, based on an innovative technology is always a challenge. —Marc Delcourt, CEO of Global Bioenergies. Global Bioenergies and Cristal Union created the joint venture IBN-One.
million in new financing. Surging global demand for electric vehicles (EVs) and other motorized devices has highlighted global dependency on the unsustainably-produced rare earth materials currently required for the magnets needed in electric drivetrains and motors. 2019.165962.
France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million million) financing from Bpifrance on the isobutene program. —Marc Delcourt, CEO of Global Bioenergies. million (US$1.6-million)
Current levels of investments in low-carbon technology and infrastructure are substantially lower than the $500 billion per year deemed necessary by the International Energy Agency (IEA) to hold the increase of global average temperatures below 2 °Celsius—the target agreed to in Cancun last year.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The report was formally handed over to partners on 20 December. This is equivalent to energy costs of US$60 a barrel.
Audi partner Global Bioenergies (GBE) has successfully carried out its first isobutene production trial at its industrial pilot site in Pomacle-Bazancourt. A production run was initiated on 3 November, resulting in the first production of isobutene—a gaseous hydrocarbon—by fermentation in an industrial environment.
Rapid melting of the Arctic region could carry a minimum global cost of US$2.4 trillion by 2050, according to a new report, “An Initial Estimate of the Cost of Lost Climate Services Due to Changes in the Arctic Cryosphere”, released by the Pew Environment Group. This is comparable to about 42 percent of US global warming emissions.
A new report from the Stockholm Environment Institute (SEI) finds that recent progress in developing and deploying low carbon technology is fragile, and advises that policy support must be stabilized globally to maintain momentum. —Annika Varnäs, researcher at Stockholm Environment Institute and the report’s lead author.
Artist rendering of Global Energy Ventures’ fuel cell-powered C-H 2 Ship, to be powered by a Ballard system as it transports compressed green hydrogen. GEV will be responsible for design approvals, development, financing, and operation of C-H 2 Ship, along with integration of the required power system. Earlier post.).
Ford Motor Company is mapping out a strategy to address the requirements for personal mobility in the context of the megatrend of increasing global urbanization, both in mature economies as well as in emerging markets. Rough map of Ford’s Blueprint for Mobility. Click to enlarge. Like some other OEMs (e.g., —David Berdish.
The United Nations Environment Programme (UNEP) and partners have launched a new initiative that aims to reduce pollution levels, improve resource efficiency and reduce infrastructure costs in cities across the world. Finance: Tax incentives and subsidies can be used to stimulate the up-take of green technologies.
The report uses the global standard developed by the International Union for the Conservation of Nature (IUCN) for nature-based solutions. —“State of Finance for Nature”. The report calls for coupling investments in restoration action with financing conservation measures. A total investment of $8.1
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. One of the top 5 global wind turbine OEMs. Earlier post.). 2019.165962.
The financing round was led by LDV Partners and Alpha JWC Ventures. Venti’s proprietary algorithms create powerful processing and fast reaction times, delivering practical advantages: Handling 30 – 40% change in the environment (compared to 5% for other leading industry players). Zero blind spots and uncompromised safety.
More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Without this expansion, Europe will not be able to satisfy its battery demand in 2030 and will need to import from foreign rivals.
Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., Verde plans to invest in further infrastructure development, giving H2X Global expanded access to manufacturing and distribution facilities.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. Global Nickel Trade and Chinese Dominance. Nickel is no exception.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.
The work will form the scientific foundation of TMC’s future Adaptive Management System (AMS), a predictive system that will use environmental and operational data to enable the company to mitigate operational impacts in the deep-sea environment as much as possible. Earlier post.).
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Task Force Funding. recycling AB 811 Dr.
Artisanal mining involves risks to the environment and people. The project is being implemented by GIZ and financed by BASF, BMW Group, Google, Samsung Electronics, Samsung SDI and Volkswagen. The system developed by RCS Global tracks raw materials back to sub-suppliers, refineries, smelters, mines and recyclers.
Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global will use blockchain technology to trace and validate ethically sourced minerals in an effort to support human rights and environmental protection while helping infuse more transparency into global mineral supply chains. MineHub blockchain project. Goldcorp Inc.,
Nature: Protecting and restoring the natural environment, planting 30,000 hectares of trees every year. Innovation and finance: Developing the technologies needed to reach these new energy ambitions and make the City of London the global center of green finance.
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. Not to forget, retrofit is a form of reuse or recycle and hence in line with circular economy principles to better meet net zero goals.
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. Earlier post.) billion (US$4.8 billion (US$4.8
AREVA, Smart Energies through its subsidiary CETH 2 , and the ADEME (French Environment and Energy Management Agency) have created a joint venture—AREVA H 2 -Gen—to manufacture Proton Exchange Membranes (PEM) for the production of hydrogen from water and electricity.
Solix BioSystems (formerly Solix Biofuels) announced the availability for sale of the Lumian AGS4000, a 4,000 liter integrated Algae Growth System (AGS) that provides an outdoor growth environment for the evaluation of algal species or as a source of clean culture inoculum for larger growth systems. In our AGS in Ft. Collins, Co.,
IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.
The Blockchain Lab has moved forward with initiatives for using blockchain technology including, to date, verifying the usefulness of the technology through demonstration trials, and global collaboration with Group companies.
California has a strong interest in promoting the adoption of electric vehicles, based on the benefits to the economy, environment, and quality of life. Plan for and facilitate deployment of a well-planned and easy-to-use charging infrastructure network. The author of this policy paper is Ethan N.
Sept 24, 2009, New York City ( Sourced from prnewswire ) - The Clinton Global Initiative announced this afternoon a breakthrough for the long overdue clean energy retrofitting of America’s homes, commercial and apartment buildings. PACE stands for Property Assessed Clean Energy. PACE stands for Property Assessed Clean Energy.
This investment, a combination of equity and debt, is the outcome of a strategic partnership with a global Private Equity (PE) infrastructure firm, managing £150 billion (US$188 billion) in assets. This bridge financing safeguards uninterrupted progress as Conigital approaches the finalization of larger funds.
million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. This Series B round is used to support the global expansion of Agrisoma’s business. —Steven Fabijanski, Agrisoma President and CEO.
The basic physical inertia of the global climate system means that ignoring scientific warnings will lead to unprecedented, costly and potentially unmanageable consequences.” Reductions could be achieved by domestic actions, as well as emissions credits earned by financing emissions reduction projects in developing countries.
Japan’s automakers are looking to government lending to secure operational funds, given the deteriorating fundraising environment. Honda intends to seek tens of billions of yen in dollar-denominated loans from JBIC for its US financing arm, American Honda Finance Corp. Honda Motor Co. Mitsubishi Motors Corp. Nissan Motor Co.
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. A strong move towards a green economy and global equity is central to the debate.
In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.
Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., TRIO Capital Group Inc., Napino Group, KWG Capital Inc., Earlier post.).
ABB, synonymous with electric-transportation breakthroughs during its 130-year history, has become a global leader in connected DC fast charging systems for electric vehicles. To finance the necessary chargers, the analysis estimates Europe needs €20 billion over the next 11 years, or €1.8
This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining. Currently, companies are facing challenges in the areas of environment, health and safety, and human rights when cobalt is extracted through artisanal mining.
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