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Nio garners $2.2 billion investment from UAE fund

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billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. Nio’s investment comes from Abu Dhabi-backed firm CYVN Holdings, after the automaker also gained a $1 billion round of financing from the company in July, according to Financial Times.

UAE 109
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Energy ministers agree to help speed up global deployment of carbon capture and storage

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Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage. At a meeting in the United Arab Emirates, Ministers at the Clean Energy Ministerial endorsed recommendations from the Carbon Capture, Use and Storage (CCUS) Action Group chaired by Australia and the UK.

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Report for IPCC finds renewables could supply up to 77% of global energy by 2050 under most optimistic scenario; need for enabling public policies and investments

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Ranges of global technical potentials of renewable energy sources derived from studies analyzed in SRREN report. This could contribute towards a goal of holding the increase in global temperature below 2 °C—an aim recognized in the United Nations Climate Convention’s Cancun Agreements. Source: SRREN.

Renewable 218
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion, level with 2019 despite falling unit prices. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 billion (down 11%).

2020 259