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

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

Volvo 514
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Actual fuel economy of cars and light trucks: 1966-2019

Green Car Congress

vehicle fuel economy. Specifically, this study examines actual fuel economy of cars and light trucks (pickup trucks, SUVs, and vans) from 1966 through 2019. (My Calculated vehicle fuel economy is available going back to 1923. The graph below shows the changes in actual vehicle fuel economy from 1966 through 2019.

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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

Green Car Congress

Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. It will be based on a wide network of partners from all sectors and will revolve around 4 poles of activity, putting into practice the principles of the circular economy at each stage of the vehicle life cycle and mobility.

Economy 397
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BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

Green Car Congress

The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel (H2GS), which uses hydrogen and only green power from renewable energies for steel production. In this way, raw materials can be used multiple times in a circular economy and natural resources protected. Earlier post.).

Sweden 341
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Norway Continues To Lead The Transition To A Green Economy

CleanTechnica EVs

Norway is an international leader in electric vehicles and renewable energy thanks to decades of policy support by the government. The post Norway Continues To Lead The Transition To A Green Economy appeared first on CleanTechnica.

Norway 124
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Leading UK scientists set out resource challenge of meeting EV targets by 2050

Green Car Congress

Using its scientific expertise and collection of geological specimens, the Museum is collaborating with leading researchers to identify resource and environmental implications of the transition to green energy technologies including electric cars. This will demand a 20% increase in UK generated electricity.

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Nissan, Enel launch “Second Life” storage system with used electric car batteries for grid stabilization

Green Car Congress

Combining used Nissan electric vehicle batteries at a conventional power plant in Melilla, Spain, operated by the Enel Group’s Spanish subsidiary, Endesa, the project enhances grid stability to help meet the needs of an isolated network.

Grid 259