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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 proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework.
Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. Green Climate Fund. future agreements.
Saying that “ investment-grade climate change 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 climate change.
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. Preparing the US for the impacts of climate change. Earlier post.).
The hydrogen strategies recently adopted by the state of North Rhine-Westphalia as well as those of the German Federal Government and the European Union underline the importance of hydrogen for a climate-neutral society. They endorse the development of a hydrogen economy and infrastructure in Germany and in Europe.
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 Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both.
In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).
Diplomats were recalled from their hotels to block the move, and Rasmussen instead called a brief adjournment following intervention by UK Energy and Climate Secretary Ed Miliband, as well as Australian and US officials. by Jack Rosebro. The relative valuation of potential emissions offsets (e.g. degrees Celsius.
The new fuel economy label also notes consumption of 34 kWh per 100 miles. EPA fuel economy label for the LEAF. The label also puts the LEAF as best in the mid-size car class in terms of fuel economy, greenhouse gas emissions, and emissions of criteria pollutants. Click to enlarge. Projected annual electric cost is $561.
But a range of both advanced and emerging economies have recently announced energy strategies that include substantial roles for nuclear power as well as considerable financial incentives to invest in it. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.
LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources.
Germany’s Federal Ministry of Economic Affairs and Climate Protection (BMWi) has approved €900 million for the innovative funding instrument H2Global. Green hydrogen plays a central role in the transformation of our economy. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection.
Overall, declining costs for solar and wind played a considerable factor in the fall in absolute dollar investment in emerging economies. The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. This year’s Climatescope headline results are undeniably disappointing.
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climatefinance plans, making capital available to emerging economies that have credible plans to develop this sector.
These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.
To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. Reducing our carbon emissions and the physical and economic damages from unmitigated climate change is a massive win for nations and businesses alike. trillion in developing economies.
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 Climate Change Advisors (DBCCA). in the prior 11 th Five Year Plan.
The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. —PwC.
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 European Commission has sent a formal communication [ 1 ] to the European Council and European Parliament, laying out the Commission’s recommendations to Council and Parliament on positions that the European Union should take during international climate change negotiations later this year in Copenhagen. European Commission.
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
Business must do even more for climate protection, even in difficult times, said Franz Fehrenbach, chairman of the Bosch board of management, an a talk at the Baden-Württemberg sustainability congress held in Stuttgart on 25 March ( Nachhaltigkeitskongress Baden-Württemberg 2009 ). Tags: Climate Change Policy Sustainability.
Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
Without a change in current transport development patterns in Asia, global carbon dioxide emissions and fuel prices will keep rising, with consequences for climate change, energy security, and economic growth. However, Asia’s needs are vast, with estimated investments of $2.5
California has a strong interest in promoting the adoption of electric vehicles, based on the benefits to the economy, environment, and quality of life. Plan for and facilitate deployment of a well-planned and easy-to-use charging infrastructure network. The author of this policy paper is Ethan N.
Under the auspices of the India Smart Grid Forum, the think tank founded as an umbrella organization over India’s 28 state utilities to provide thought leadership, share leading practices, and bring international insights to India, I’m delivering bi-weekly webinars framed by the Short List of Climate Actions That Will Work.
in addition to Opus 12, they are: WILDCOAST (Imperial Beach, California) is working to secure a resilient coastline to help protect communities, economies and ecosystems from climate change impacts in the Gulf of California. is using pay-as-you-save financing to help transportation companies switch to electric buses.
A significant price on CO 2 emissions to encourage investment in the green economy. 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.
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.
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 climate change solutions.
KPMG developed 3 nexuses linked by climate change to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: Climate Change: This may be the one global megaforce that directly impacts all others. Source: KPMG. Click to enlarge. billion in 2005.
By 2040, virtually 100% of Volkswagen vehicles in all of the world’s core markets will be climate-neutral. High economies of scale also reduce costs. Whether an electric car is climate neutral depends 100% on green electricity. It will also own some such fleets and expand its range of mobility services and financing options.
Plug-in vehicle sales in Europe reached 408,000 units in 2018, 33% higher year on year, with predictions that Europe will quickly pull ahead of the US as the number two EV market behind China in the 2020s, driven by tightening fuel economy regulations and growing commitments from domestic automakers.
The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”. The report says that $1.5-1.7
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60
The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “ enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change. billion) in 2004.
IEEE continues to raise its visibility as a trusted voice on mitigating the effects of climate change. Climate Change Conference (COP29). Then in December, IEEE and the International Telecommunication Union held a symposium on achieving climate resilience. Rahman was the events general chair.
In spring the Chancellor presents the annual Budget statement, which includes a detailed assessment of the state of the economy and the nation’s finances. The PBR may also launch public consultations on new policy proposals, or detailed analysis of a particular part of the economy or Government policy.
However, reform has been hampered by concerns over how higher fuel prices will affect the broader economy—potentially disrupting key sectors like transport, industry and agriculture—and the ability of poor citizens to cope with higher prices. Progress toward a complete phaseout, however, has been minimal.
These investments will enable FiveT to establish itself at the heart of the hydrogen industry and help advance a broader global mission to address climate change and accelerate the energy transition. The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.
Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “… to continue promoting the usage of clean energy as well as supporting the green economy and climate change mitigation, I propose the following measures: a) Remove customs duty on […] Here is some good news from Zambia.
Decoupling economic growth from unsustainable resource use and environmental impacts—especially in urban areas—underpins the transition to a low-carbon, resource efficient green economy. Finance: Tax incentives and subsidies can be used to stimulate the up-take of green technologies.
The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Canada is also committed to phasing out public financing of the fossil fuel sector.
Based on a survey of 284 senior-level renewable energy executives, the report canvasses the risks in financing, constructing and operating renewable energy projects as well as the risk management challenges that the renewable energy industry must confront. —Andreas Spiegel, Swiss Re’s Senior Climate Change Adviser.
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