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Global geothermal industry passes 12,000 MW operational

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New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA.

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New EV20 Alliance Targeting 1M Additional Electric Vehicles on Road by 2015

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A new global alliance comprising businesses and government leaders and led by the international NGO, The Climate Group, set an ambitious target to put one million additional EVs on the road by 2015, on top of EVs that automakers are already planning to bring to market.

2015 240
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. 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 —Luiza Demôro, project manager for BloombergNEF.

Coal 243
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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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Nexen has major positions in three of the world’s most significant conventional basins: the UK North Sea, Offshore West Africa and the deep-water Gulf of Mexico. The two companies has finalized a joint venture for deepwater exploration in the Gulf of Mexico in 2011. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
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Waymo kicks off initial tests in Japan with launch event

Teslarati

Commercial robotaxi company Waymo held a launch event in Japan last week, as the company prepares to enter early manual testing on its first international roads. ” Waymo valued at over $45 billion following latest financing round: report The post Waymo kicks off initial tests in Japan with launch event appeared first on TESLARATI.

Japan 111
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2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

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An international panel of judges from the private, public, and nonprofit sectors selected two winners in each of this year’s five prize categories: Carbon Capture & Utilization. is using pay-as-you-save financing to help transportation companies switch to electric buses. Energy Access. Transportation. Social & Cultural Impacts.

2019 207
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. We ask the international financial institutions to offer support to countries in this process.