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130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

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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.

Climate 236
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Germany approves €900M for green hydrogen project H2Global

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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.

Hydrogen 382
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STEAG and thyssenkrupp planning joint green hydrogen project

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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.

Hydrogen 482
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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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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.

Clean 429
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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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.).

Obama 249
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Summary of decisions from Durban climate conference

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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. future agreements. future agreements.

Climate 294
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Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

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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.

Hydrogen 170