article thumbnail

Sibanye-Stillwater increases its shareholding in Keliber to 84.96%

Green Car Congress

South Africa-based mining and metals group Sibanye Stillwater has increased its effective shareholding in Keliber Oy to 84.96%. At the end of June 2022, Keliber announced a financing arrangement that enables the lithium project to progress to the construction phase. Earlier post.) Earlier post.).

article thumbnail

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

Green Car Congress

Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. In addition, under the pact, wealthy nations promised to provide $100 billion in “north-south” funding to developing nations to help them grow sustainably.

Coal 243
article thumbnail

BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 The three biggest renewable energy asset financings in the quarter were the 860MW Triton Knoll project in UK waters at an investment cost of $2.6 South Africa at $2.6 billion for 300MW.

Cleaning 259
article thumbnail

Sasol and ITOCHU to partner on green ammonia and hydrogen

Green Car Congress

South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. The product can also be cracked back to hydrogen gas for further applications.

article thumbnail

Elements of the Cancun Agreements

Green Car Congress

A registry is to be set up to record and match developing country mitigation actions to finance and technology support from by industrialised countries. The next Conference of the Parties is scheduled to take place in South Africa, from 28 November to 9 December 2011.

article thumbnail

Summary of decisions from Durban climate conference

Green Car Congress

Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. A focused work program on long-term finance was agreed will contribute to the. as possible, but not later than 2015.

Climate 294
article thumbnail

G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

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. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.