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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

Russia 458
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Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

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Nesscap will use the proceeds from this financing for the establishment of a full-scale production facility for ultracapacitors and accompanying research center in the Russian Federation (US $15,000,000) and for the expansion of Nesscap’s current manufacturing and core R&D operations in Korea and for general corporate purposes (US $5,000,000).

Russia 186
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Global aerospace study finds fuel costs continue as major airline concern

Green Car Congress

Airline executives continue to express concern about rising fuel costs, according to a new global aerospace study released today by CIT Group Inc., a leader in transportation finance. Regional consolidation is expected to be most prevalent (30%), followed by alliance (25%), global (24%) and emerging markets (21%).

Global 199
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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

Oil 150
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PBL Study Finds Developed Countries Proposals for Copenhagen Fall Short for Reaching 2 °C Climate Objective

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The current proposals by developed countries on the table for the upcoming climate negotiations in Copenhagen to reduce greenhouse gas (GHG) emissions do not yet suffice to limit global warming to a rise of 2 °C (based on a long-term 450 ppm concentration of GHG), according to a new report by the Netherlands Environmental Assessment Agency (PBL).

Climate 186
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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

Green Car Congress

The operating return on sales before special items was in the expected range, at 6.0%. This means that Volkswagen is still within the expected range. In the past fiscal year, global demand for trucks and buses was well below the previous year’s level. For example, Russia and Brazil remain problematic for all car manufacturers.

2015 150
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Some Volkswagen strategists see battery-electric, diesel cost lines crossing by 2023-2025; TRANSFORM 2025+

Green Car Congress

The increasing stringency of global emissions standards, both current and projected, is driving up the cost for internal combustion engines to meet those standards, although numerous technology pathways exist. In other major markets such as India, South America and Russia, Volkswagen also intends to develop the economy segment.

Diesel 150