Remove Parts Remove Production Remove Stimulus Remove Stimulus Package
article thumbnail

IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. In some parts of Europe, for example, the government is only providing incentives for electrified vehicles.

2020 170
article thumbnail

LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

Green Car Congress

It recommends that these should be a central part of the recovery packages of the G7 countries, which together should increase their annual investment by 2% of GDP, or $1 trillion, compared to pre-pandemic levels.

Global 170
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data. parts per million, 51% above its pre-industrial level. GtCO2, and are projected to be 41.1

Global 221
article thumbnail

Next-generation Lead Acid Battery Company Firefly Energy Shuts Down, Files for Chapter 7

Green Car Congress

Firefly co-founder and CEO Ed Williams said that Firefly Energy board decided to cease operations “ after 15 months of unsuccessful attempts to raise $20 million in equity capital, in the midst of this worldwide financial crisis, funds that would have enabled the company’s transition to full production and commercial sales. ”.

Lead Acid 220
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Although not part of the conferences formal structure, the themes were addressed in the presentations and panel discussions. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Energy Markets in a State of Change. Billion vs. $28.3 Billion in 2008).

Financing 150
article thumbnail

ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

Green Car Congress

of combined gross domestic product (GDP) each year by 2100, more than twice the projected global average loss. Climate change is exacerbating water shortages, constraining agricultural production and threatening food security, causing forest fires and coastal degradation, and increasing health risks.

article thumbnail

Germany Launches H2 Mobility Initiative to Expand Infrastructure for Refueling Hydrogen Vehicles

Green Car Congress

Daimler AG and leading energy companies signed a Memorandum of Understanding (MoU) in Berlin, with the participation of the German Minister of Transport, Wolfgang Tiefensee, to evaluate and expand the setup of a hydrogen infrastructure in Germany to support the series production of fuel cell electric vehicles. Earlier post.). Earlier post.).

Germany 268