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(EnergyX) has secured commitments of $20 million in financing. In 2020, EnergyX announced a pilot partnership with Orocobre Limited ( earlier post ) to deliver high-quality and comprehensive solutions that will lead to a cleaner, more efficient lithium extraction. tons by 2040.
billion investment plan to support the transition to zero-emission transportation. Supported projects range from incentives for cleaner trucks and buses, and mobility options such as bike- and car-sharing, to consumer rebates for clean cars. 381 million for clean transportation equity projects.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Earlier post.). The plan.
US states are in a unique position to bring down transportation-related GHG emissions, given their primary role in setting statewide transportation policy and directing large amounts of transportation funding. However, most states use few of the available transportation policy tools to reduce.
This is essential both for preventing irreversible degradation of resources and ecosystems, and for realizing the multiple benefits of greener cities, from savings through energy-efficient buildings, or the health and climate benefits of cleaner fuels and vehicles. —Achim Steiner, UN Under-Secretary-General and UNEP Executive Director.
The plan is by far the largest annual investment in clean transportation incentives to date—more than double the amount of the largest past investment. Supported projects range from consumer rebates for clean cars to incentives for cleaner trucks, and mobility options. Over half of the $1.5
announced that 17 local governments and transit agencies will receive more than $236 million in grants from the Department of Transportation (DOT) to aid the transition to zero-emission buses. Santa Clara Valley Transportation Authority (VTA). Napa Valley Transportation Authority. CleanerTransportation in the Coachella Valley.
GE Capital’s TransportationFinance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
The California Air Resources Board approved a $483 million plan to fund clean car rebates, zero-emission transit and school buses, clean trucks, and other innovative, clean transportation and mobility pilot projects. billion for low-carbon transportation projects from the cap-and-trade program.
The macro results for four scenarios showed that economic growth and employment rise with the degree and scope of transport fuel efficiency standards. that statewide economic growth and employment rise with the degree and scope of transport fuel efficiency standards. changes are relative to baseline of No standards scenario.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
Transport for London (TfL) recently announced a package of measures to tackle pollution levels at the busiest roads in central London. In addition, action is being taken to deliver a permanent legacy of cleaner air right across the Capital. —Kulveer Ranger, the Mayor’s Environment Director.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. billion) in loans for cleaner vehicles, thereof €3.4 billion) in loans for cleaner vehicles, thereof €3.4
Senate Finance Committee Chairman Max Baucus (D-Mont.) This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. The cleaner the facility, the larger the credit. Clean fuels tax credit.
Consumers can visit Access Clean California to explore the various incentives available for clean transportation. The existing CVRP program will continue to accept applications while funding remains available. The Center for Sustainable Energy has administered the CVRP since its inception in 2009.
The Clean Energy Finance Corporation has announced $20 million in funding for 500 subscription EVs destined to be used in rideshare transport services like Uber. The post Australian rideshare is about to get cleaner as government funds 500 subscription EVs appeared first on The Driven.
Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. World transportation oil demand by mode in the New Policies Scenario.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. Atlanta Public Schools (APS) donated the bus for the project. —Michael Leamy.
The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.
Comprehensive energy and climate change policies that accelerate the deployment of energy efficiency, cleaner energy, renewable energy, green buildings, clean vehicles and fuels, and low- carbon transportation infrastructure. Align with wider policy goals including economic, energy, resources and transport policy objectives.
With this new financing, Motiv aims to scale further its manufacturing operations, as well as fund technology and geographic expansion. As an example, the California Advanced Clean Truck rule, implemented by California’s Air Resources Board, mandates 50% of trucks sold in California must be zero-emissions by 2035, and 100% by 2045.
GE and Clean Energy Fuels are collaborating to expand the infrastructure for natural gas transportation in the United States. Further underscoring GE’s commitment to expanding natural gas transportation infrastructure, GE Energy Financial Services is providing up to $200 million in financing for the two GE MicroLNG plants.
Having achieved its short term objective to remove or retrofit the oldest and dirtiest engines, according to the justification, in the longer term any additional emissions reductions will occur even without DERA funding, as the inventory of existing engines turns over and new cleaner engines become the norm. In addition, $7.1
94% percent of transport relies on oil products, of which 90% is imported. The Commission will develop a Smart Financing for Smart Buildings initiative to make existing buildings more energy-efficient, facilitating access to existing funding instruments. 75% of EU housing stock is energy inefficient.
Each of the four recipients will match a percentage of the grant amount with their own funds to purchase compressed natural gas-powered vehicles; retrofit diesel engines with cleaner technology; replace older, more polluting diesel buses with cleaner diesel buses; or purchase hybrid electric-powered buses. Jennings Transportation Corp.:
Plug-in electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China, according to a new report from Bloomberg New Energy Finance (BNEF). Several governments have also announced targets for cleanertransport, some driven by the emissions-cheating scandal that engulfed Volkswagen AG.
It also solves our plastics and waste problems by turning them into green hydrogen, and does it cleaner and at costs far lower than any other green hydrogen producer. Unlike other renewable energy sources, hydrogen can fuel hard-to-decarbonize heavy industrial sectors like steel, heavy transport, and cement. —Lancaster Mayor R.
An executive from Chinese automaker BYD has called Tesla a “partner” in electrifying the transportation sector, noting the U.S. “Without [Tesla], I think the global EV market could not run so rapidly,” Li said to Yahoo Finance anchor Akiko Fujita. “So we respect them a lot.
In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.
To establish policy recommendations and financing options for reducing black carbon/diesel sources across the Arctic region. The cleaner fuel must be used in tandem with improved engine technologies and exhaust treatment technologies to achieve the maximum benefit. Benefits of reducing soot in the Arctic.
The European Commission has adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels ( Fit for 55 ). The Commission also proposes to increase the size of the Innovation and Modernization Funds.
Doing Well by Doing Good Sustainability and eco-friendly decisions are leading trends in the transportation industry today, and for good reason. According to the Environmental Protection Agenc y (EPA), the transportation industry is responsible for 29% of all greenhouse gas emissions in 2023.
Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). —Colin McKerracher, lead advanced transport analyst at BNEF.
They include: Clean Cars 4 All provides up to $9,500 to low-income drivers who scrap their older vehicles and want to purchase something that runs cleaner. The Clean Vehicle Assistance Program provides low-income car buyers with special financing and up to $5,000 in down-payment assistance.
This transaction not only marks the first Project Finance by a Japanese bank in the Electric Mobility domain in India but is also SMBC’s first Project Finance transaction in E-Mobility in Asia Pacific, the press release noted.
The prospect of a gap in low-carbon energy plans arising from what could be multi-year delays for an estimated 24 GW of planned nuclear capacity should, the report says, give a strong boost to cleaner energy sources such as renewable solar and wind, along with more gas for base load reasons.
Challenges to public procurement policies include the lack of capacity to design and implement purchasing programmes that are oriented to stimulating eco-innovations in the transportation sector as well as risking the creation of inefficient policies and of introducing distortions to the competitive process, including in the international context.
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. Integrated pilot and ten percent of full-scale conversion facilities will be financed to determine suitable technologies for full-scale commercial deployment.
In comparison to other gasoline substitutes, isobutanol offers cleaner burning combustion with less corrosion, holds more of gasoline's energy content allowing longer travel, is cheaper to blend with gas, and its compatibility with the current petroleum infrastructure offers a dramatic improvement in efficient transport of the fuel itself.
The purpose is to strengthen the integration of technology and finance, to accelerate the transformation and industrialization of technological achievements, to drive the realization of 2030 sustainable development goals, and explore for a green development model.
This follows on from the £30m debt finance myenergi secured from HSBC earlier this year to further fuel its expansion. This includes mission-driven, high impact UK and European tech companies, like myenergi, that contribute to safer, more flexible and cleaner energy sources.
Among the many policy and funding details in the UK Plan for Tackling Roadside Nitrogen Dioxide Concentrations , produced by Defra and the Department for Transport is the cessation of the sale of all new conventional gasoline and diesel cars by 2040. —Transport Secretary Chris Grayling. 100M – National road network.
SIDBI also supports other lenders by reducing their perceived risks, making the financing of EVs more accessible. The Delhi EV Policy is noted as the most progressive in India, and the ABCD initiative aims to complement this policy, promoting a cleaner capital city.
To make scooters accessible to a wider audience, the company offers attractive financing options for purchasing electric scooters at attractive interest rates starting at 8.99%. We believe these scooters will play an invaluable role in achieving our goal of a cleaner and greener future.” hours using a 15A charger and 2.5
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