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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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The report assigns the blame for much of the observed failure in transport to the financial framework from which policies, programs and projects draw resources. The report outlines key steps in financing reform: Analyze impacts; Shift existing resources towards a sustainable direction; Add funding where resources are still lacking; and.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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Sustainable transportation. Sustainable transportation funding requests include: Vehicle technologies. Within the $10.7 billion, the FY 2016 Budget requests $4.8 billion for applied energy activities, including: $2.72 Also within the $10.7 billion, the FY 2016 Budget Request provides $5.34

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ADB Transport Forum: shift to greener transport in Asia key to global sustainability; investment of $2.5T needed by 2020

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Asia must scale up sustainable transport development or face a bleak future of congested roads, pollution, ill health and economic damage, which could have ripple effects around the world, the third ADB (Asian Development Bank) transport forum heard earlier this month in Manila.

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Better Place Secures $350M Series B Round led by HSBC Group

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Better Place, the global provider of EV networks and services, has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. This Series B equity financing round features participation from new investors including HSBC, Morgan Stanley Investment Management, and Lazard Asset Management.

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Report: Major changes needed to transport financing

Green Cars News

If the transport sector is to cope with the rapid growth in motor vehicle traffic and the related environmental and health issues then major changes are needed to how transport is financed. That’s the verdict of a new report by the Transport Research Laboratory entitled A Paradigm Shift Towards Sustainable Low Carbon Transport.

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Rivian introduces two quad-motor, AWD “Electric Adventure Vehicles”

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Founded in 2009 by RJ Scaringe, Rivian develops and produces vehicles, products and services related to sustainable transportation. Headquarters in Plymouth, Michigan are dedicated to finances, engineering, and design.

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Tesla makes ~$2.8B all-stock offer to acquire SolarCity

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In a blog post, Tesla management said that: Tesla’s mission has always been tied to sustainability. We seek to accelerate the world’s transition to sustainable transportation by offering increasingly affordable electric vehicles.

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