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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

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The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

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Boeing HorizonX invests in lithium-metal rechargeable battery startup Cuberg

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Since it was established in April 2015, Cuberg has grown with several rounds of financing and grant funding, and signed a multimillion-dollar joint development agreement with an industrial battery manufacturer. In September 2017, CalSEED awarded Cuberg $150,000 in Phase I grant funding.

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California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

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An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 billion in new funding last year went to projects across all of California’s 58 counties—almost double the $720 million spent in 2017.

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Terrafame to invest €240M in EV battery materials plant; nickel and cobalt sulfates; commercial production in 2021

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We have taken the plant project forward with determination since the autumn of 2017, so the investment decision made by the Board is an expected one. On the whole, the greenhouse gas emissions of the nickel production process are around 40%, sulfur dioxide emissions 2% and energy consumption 20% lower than average, Terraframe says.

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Audi offers up to €10,000 trade-in bonus for switching from Euro 1-4 diesels to Euro 6; biomethane benefit

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The bonus is especially attractive for customers who select an Audi with plug-in-hybrid technology or a g-tron model that runs on CNG (compressed natural gas). With the climate-friendly fuel Audi e-gas, the Audi g-tron models produce 80% less CO 2 than a gasoline-powered car with a similar performance. Earlier post.).

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True Zero H2 network fuels more than 3.7M miles in California in 2016

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million pounds of greenhouse gas emissions, according to the company. Driving on True Zero hydrogen reduces greenhouse gas emissions by more than 60% compared to a typical gasoline-powered car. The number of fuel cell cars on California roads increased during 2016 and is expected to more than quadruple during 2017.

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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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million gas-fueled motorcycles and tricycles are currently operating in the Philippines, typically serving as short-distance taxis, with the average tricycle driver earning less than $10 a day. The project will run for five years, with an estimated completion date of December 2017. million.