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Polestar announces goal of climate-neutral car by 2030

Green Car Congress

Polestar, the premium electric performance car brand founded by Volvo Cars and Geely Holding, has set a goal of creating the first climate-neutral car by 2030. Questions around the long-term carbon-storage capacity of forests and soils remain, as a forest might be logged, devastated by fire or altered by climate change.

Climate 389
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IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. Many economies are now seeing emissions climbing above pre-crisis levels.

Emissions 433
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First carbon-neutral lithium extraction project to start in Germany

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EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. As a result, the carbon footprint of the production process could even be negative.

Germany 491
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Volvo Cars successfully places first green bond, raises €500M

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A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. The financial community has a critical role to play in supporting sustainable development, including the transition to a low carbon economy. —Carla de Geyseleer, Chief Financial Officer.

Volvo 514
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Using blockchain traceability to build a circular battery economy

Green Car Congress

It’s no secret that we are in the midst of a rampant climate crisis. Electric vehicles are one of the most powerful climate solutions today—but also one of the most under-utilized. In order for Polestar to prove that it has reached carbon neutrality, traceability will be absolutely key.

Economy 330
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Amazon invests in electrofuels company Infinium

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Infinium, an electrofuels solution provider, announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust. —Robert Schuetzle, CEO of Infinium.

Companies 435
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Multicomponent catalytic system efficiently converts carbon dioxide to methanol

Green Car Congress

Inspired by naturally occurring processes, a team of Boston College chemists used a multi-catalyst system to convert carbon dioxide to methanol at the lowest temperatures reported with high activity and selectivity. It can be produced from hydrogen and carbon dioxide, mitigating greenhouse gas emissions and storing hydrogen in the process.

Convert 355