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DOE awards $4M to carbon capture and storage projects selected as part of ACT

Green Car Congress

The US Department of Energy’s (DOE) Office of Fossil Energy (FE) announced $4 million in federal funding for national laboratories to collaborate with international partners on seven projects out of the 12 that were selected as a part of the Accelerating Carbon Capture and Storage Technologies (ACT) Initiative. million of which €31.5

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EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

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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. billion were in France. management of the vehicle. Earlier post.) billion (US$81.9 billion); €51.5

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

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Based on 12,330 miles driven per year, the pure battery electric Nissan Leaf has lower five-year and 10-year life cycle costs than the internal combustion Hyundai Elantra and the plug-in hybrid Chevrolet Volt, even without the federal government incentive. The average Californian drives 14,435 miles every year.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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UNEP and partners launch Global Initiative for Resource-Efficient Cities; role of public transport

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In such a rapidly urbanizing world, cities are increasingly becoming the focus of international sustainability efforts. Several cities have already come on board, including the City of Sao Paulo, Malmo, Heidelberg, Quezon City, Gwangju, with national interest having been expressed by Japan, Brazil, France and the United States.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. The Finance Ministry sought a change in the mineral extraction tax formula to generate an additional 609 billion rubles in 2015 and 1.6

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The Case for Nuclear Cargo Ships

Cars That Think

At a July meeting of the International Maritime Organization , the U.N. Vard Group is part of NuProShip , a consortium of the Norwegian maritime authority, universities, shipbuilders, and shipping companies that aims to develop a Generation IV reactor for marine vessels. The industry now faces serious pressure to pick up the pace.