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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

Green Car Congress

The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said. million.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

A key change will need to take place in how the costs of transport are internalized, as the wider costs to society arising from road accidents, poor health, social impacts and environmental degradation, often described as the ‘external' costs, are currently excluded from the price that transport users confront.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

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.

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Announcing a Benchmark to Improve AI Safety

Cars That Think

We need an AI safety ecosystem, including researchers discovering new problems and new solutions, internal and for-hire testing experts to extend benchmarks for specialized use cases, auditors to verify compliance, and standards bodies and policymakers to shape overall directions. Protik Mukhopadhyay, Protecto.ai

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Global solar growth is on track for another record-breaking year

Baua Electric

Based on the data up to July 2024, Ember’s analysis is in line with forecasts made by Bloomberg New Energy Finance ( BNEF ). But interestingly, it’s also almost 200 GW higher than the International Energy Agency’s ( IEA ) main case outlook released in January 2024.

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Maxeon Solar bets big on America: sells global assets to focus on US market

Baua Electric

Maxeon Solar bets on the US Maxeon is selling off its global sales and marketing assets in EMEA, Latin America, and Asia Pacific to its parent company, TCL Group, which will also acquire Maxeon’s Philippines manufacturing operations. TCL will then operate them under a new name, TCL SunPower International.

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