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The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on ClimateChange (PACC 2020). The action plan and strategy adaptation represent a total investment of nearly C$2.7
Saying that “ investment-grade climatechange and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climatechange.
ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
Representation of damage from climatechange avoided by adaptation, and damage not be adapted to (‘residual damage’) over the longer term. The amount of money on the table at Copenhagen is one of the key factors that will determine whether we achieve a climatechange agreement. Source: “Assessing the costs.”
While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climatechange, it is a small fraction of total aviation emissions. The gravity of climatechange is forcing a tipping point in the green hydrogen ecosystem of producers, distributors, and consumers.
trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climatechange. Transportation is central to the social and economic activity of people across the world.
Emission reduction calculations are based on an UNFCCC (United Nations Framework for ClimateChange Convention) approved methodology. The project documentation is currently being reviewed by SQS, a Swiss entity certified by UNFCCC for the validation of climatechange projects in the transport field.
Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climatechange as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on ClimateChange (UNFCCC). existing climatechange.
The Asian Development Bank (ADB) mobilized a $135-million climatefinancing 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.
Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climatechange package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. The series of bills the Governor signed into law today include: House Bill 2186. Loans can be paid back on utility bills.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013.
The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climatechange. In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country.
The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 billion or 18% came from sources outside those countries.
To reach the level of investment in new renewable power generation needed to avert dangerous climatechange, $12.1 trillion above business-as-usual projections— according to a new report by Ceres and Bloomberg New Energy Finance. trillion of investment will be needed over the next 25 years—$5.2
In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on ClimateChange and the Sustainable Development Goals, and scale up their contribution to the achievement of both.
Climatechange is the existential crisis of our time and this acquisition accelerates our ability to address it. Cummins intends to finance the transaction using a combination of cash on the company’s balance sheet and debt and remains committed to maintaining its strong credit ratings.
IEEE continues to raise its visibility as a trusted voice on mitigating the effects of climatechange. ClimateChange Conference (COP29). Then in December, IEEE and the International Telecommunication Union held a symposium on achieving climate resilience.
—“State of Finance for Nature”. It stresses the need to accelerate capital flows rapidly to nature-based solutions by making nature central to public- and private-sector decision-making related to societal challenges, including tackling the climate and biodiversity crises. A total investment of $8.1
They know that the work they do contributes every day to the wrecking of our climate and all the hell and high water that goes with that. They are so cowardly that they lie about the impacts of their business practices and they help finance the climatechange denier movement. Mann , The Monkey Wrench Gang.
The UN ClimateChange Conference in Cancun, Mexico, ended on Saturday with the adoption of a package of decisions that set all governments more firmly on the path towards a low-emissions future and support enhanced action on climatechange in the developing world, according to the UN Environment Programme.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. 2. Green Building & Remodeling.
The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.
The measure will contribute to reaching EU energy and climatechange goals while limiting distortions of competition. The scheme will be financed by transport fuel retailers who are obliged by law to include a certain percentage of advanced biofuels and biomethane in their fuel blends.
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5
KPMG developed 3 nexuses linked by climatechange to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: ClimateChange: This may be the one global megaforce that directly impacts all others. Source: KPMG. Click to enlarge.
Finance structures would be created and funded by developed countries, encouraging developing countries and emerging economies to minimize future emissions and adapt to future effects of climatechange. by Jack Rosebro. The relative valuation of potential emissions offsets (e.g. degrees Celsius.
The investments are part of California’s comprehensive strategy for improving air quality and reducing greenhouse gas emissions in the transportation sector, the state’s largest source of air pollution and climate-changing gases. The 2022 state budget expands these efforts by $6.1 billion—in addition to an existing multi-year $3.9
United and OLCV have previously worked together on new approaches to combat climatechange. This includes funding projects such as pilot and demo plants, engineering studies, financing construction and operating SAF plants.
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. Tags: Europe Financing Policy Vehicle Manufacturers. billion) in loans for cleaner vehicles, thereof €3.4
Brazil’s Minister of Environment Izabella Teixeira and Brazilian National Development Bank (BNDES) President Luciano Coutinho announced the launch of a new credit line to support projects focused on greenhouse gas reduction and climatechange solutions.
Heightened public awareness, easy access to financing, reduced barriers to purchase, and a well-planned and maintained charging infrastructure will help the state become a leader in electric vehicle deployment by 2025. —“Electric Drive by ’25”. The author of this policy paper is Ethan N.
—Leo Johnson, Partner, Sustainability and ClimateChange, PwC. The new reality is a much more challenging future in terms of planning, financing and predictability. —Jonathan Grant, director, sustainability and climatechange, PwC. nuclear war, radical climatechange before 2050).
transportation policy with climatechange and energy goals, and some put in place systems that effectively sabotage these goals. Balanced investment is a critical step toward improving the long-term prognosis for taming the transportation sector’s role in climatechange, the report says.
Without a change in current transport development patterns in Asia, global carbon dioxide emissions and fuel prices will keep rising, with consequences for climatechange, energy security, and economic growth. However, Asia’s needs are vast, with estimated investments of $2.5
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
Preparing the US for the impacts of climatechange. The Department of Agriculture’s Rural Utilities Service will finalize a proposed update to its Energy Efficiency and Conservation Loan Program to provide up to $250 million for rural utilities to finance efficiency investments by businesses and homeowners across rural America.
President Clinton himself made the announcement of a national PACE finance program as part of the Clinton Global Initiative meeting in New York. It’s exactly the same kind of land secured financing we’ve been reporting on here at Creative Greenius for over a year now in our coverage of AB 811.
This includes the possibility of the adoption by IMO of a compensation mechanism through which a significant share of any revenues collected from international shipping could be directed to developing countries and provide a new source of finance to support their efforts to tackle climatechange.
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.
Bringing developing countries into the carbon markets in order to encourage low carbon development, provide finance and make the most of mitigation opportunities. International climate negotiations can only go so far. The Green Climate Fund set up in Cancun marked one way in achieving this.
Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climatechange. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
Since 1988 I have worked with CEOs and presidents of America’s top Fortune 500 companies from banking and finance, to high-tech, to the entertainment industry, to the automotive industry, to the media industry, to the most successful consumer brands in American history.
The many new and expanded strong policy initiatives and green targets in China’s 12 th Five year Plan, released on 5 March 2011, provide “ clear evidence ” that China’s low-carbon policies remain global best-in-class, according to a new report from DB ClimateChange Advisors (DBCCA). Source: DBCCA.
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