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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

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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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ITOCHU and JGC Launch Large-scale Bio-ethanol Production and Power Plant Businesses in the Philippines

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ITOCHU Corporation and JGC Corporation have agreed to participate in large-scale bio-ethanol production and power supply businesses in the Philippines together with other local partners. Under the law, an incentive program will be created which provides favorable treatment for the supply of electricity generated by renewable energy resources.

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

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The report assigns the blame for much of the observed failure in transport to the financial framework from which policies, programs and projects draw resources. The report outlines key steps in financing reform: Analyze impacts; Shift existing resources towards a sustainable direction; Add funding where resources are still lacking; and.

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Global geothermal industry passes 12,000 MW operational

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New project announcements have increased the resource under development to about 30,000 MW. 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.