Remove Economy Remove Green Remove Stimulus Package
article thumbnail

Germany and Namibia form partnership for green hydrogen

Green Car Congress

The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership. Namibia has enormous potential for scaling up a green hydrogen industry. test schemes for green hydrogen production in Namibia and for hydrogen transport.

Namibia 337
article thumbnail

Study Finds Global CO2 Emissions Dropped 1.3% in 2009; Emissions in China and India Rose 9% and 6%

Green Car Congress

The decrease in emissions follow the decrease in the global economy. Although the stimulus package from the Chinese government in 2008 was said to have a green focus, even construction of windmills is a relatively emission intensive activity, at least in the short run Peters said. China also has a large export sector.

article thumbnail

Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

Only under the final scenario—named “Forced Revitalization”—in which the pandemic’s disruptive impact to the global economy and mobility combined with strong government intervention to accelerate alternative technologies did oil demand decline after 2025. Lines represent global oil demand by study scenario.

Oil 259
article thumbnail

World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

Green Car Congress

In light of the global financial crisis, it is crucial that every dollar is made to ‘multi-task’ to create a sustainable low-carbon economy. ”. Their statement suggests using some of the money available from fiscal stimulus packages to invest in activities that can provide jobs as well as create low emission options.

Green 150
article thumbnail

BMW, Bosch, Volkswagen founding members of Quantum Technology and Application Consortium (QUTAC)

Green Car Congress

In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. In its position paper , QUTAC sets specific steps: First, the need for quantum computing in the German economy is to be identified in order to create the basis for a cross-industry application portfolio.

BMW 221
article thumbnail

ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

Green Car Congress

Gearing stimulus packages towards decarbonization. Governments must set ambitious targets in the 2021 revision of the Nationally Determined Contributions under the Paris Agreement, underpin them with concrete policies, and reinforce them by leveraging Covid-19 recovery packages to accelerate and deepen transport decarbonization.

article thumbnail

China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.