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France raising penalties and cutting incentives in lower carbon car purchase scheme

Green Car Congress

The French Government will reduce the purchase tax incentives for lower carbon cars and increase the penalties for high-pollution vehicles beginning in January. France’s bonus-malus scheme provides financial rewards for those who purchase or lease a new vehicle emitting less CO 2 g/km while taxing more heavily polluting cars.

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DHL purchases 33M liters of sustainable aviation fuel from Air France KLM Martinair Cargo

Green Car Congress

DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Air France KLM Martinair Cargo (AFKLMP) for the purchase of 33 million liters of sustainable aviation fuel (SAF). DHL allocates the benefits to its customers, helping them reduce their carbon footprint.

Purchase 304
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Volkswagen AG buys 8.18% stake in SGL Carbon

Green Car Congress

Volkswagen AG has purchased an 8.18% stake in the equity of SGL Carbon SE corresponding to 5,362,341 shares. SGL Group is one of the world’s leading manufacturers of carbon-based products with a portfolio ranging from carbon and graphite products to carbon fibers and composites. Earlier post.).

Carbon 210
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Global Clean Energy buys Bakersfield refinery for $40M, converting to produce renewable diesel

Green Car Congress

through a subsidiary, has purchased Alon Bakersfield Properties, Inc., The total cash consideration paid to Delek US Holdings for the purchase was $40 million. Instead, the refinery will be repurposed to become a producer of low-carbon renewable fuels that meet the needs of the California Low Carbon Fuels Standard.

Renewable 389
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Chevy buying carbon credits from US colleges; new formula helps fund campus energy-efficient projects

Green Car Congress

Chevrolet is investing in clean energy efficiency initiatives of US colleges and universities through its voluntary carbon-reduction initiative. This marks the first time college campuses can use carbon performance methodologies to make money via greenhouse gas reductions that result from energy efficiency.

Carbon 246
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BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

Green Car Congress

BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. —Greg Smithies, Partner, BMW i Ventures.

Gasoline 321
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New Study Shows Fleet Purchases of More Efficient, Lower-Carbon Vehicles Can Spur Major Decreases in Emissions and Fuel Consumption

Green Car Congress

In the report, The Economic and Environmental Impacts of a Corporate Fleet Vehicle Purchase Program, the group examines the economic and environmental contributions of converting corporate fleets from gasoline to compressed natural gas (CNG) and hybrid vehicles. The report was prepared for AT&T.

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