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and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% The challenge with China being the dominant force for a majority of raw materials is regarding their legal system. With the COVID pandemic wreaking havoc on the U.S.
Current levels of investments in low-carbon technology and infrastructure are substantially lower than the $500 billion per year deemed necessary by the International Energy Agency (IEA) to hold the increase of global average temperatures below 2 °Celsius—the target agreed to in Cancun last year.
will acquire low-speed electric vehicle manufacturer Global Electric Motorcars LLC (GEM), a wholly-owned Fargo, N.D.-based The six GEM passenger and utility models are legal on most streets with posted speeds of 35 mph or less. Click to enlarge. Polaris Industries Inc. based subsidiary of Chrysler Group LLC.
Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.
Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage. At a meeting in the United Arab Emirates, Ministers at the Clean Energy Ministerial endorsed recommendations from the Carbon Capture, Use and Storage (CCUS) Action Group chaired by Australia and the UK.
Before rushing to adopt AI, consider the potential risks including legal issues around data protection, intellectual property, and liability. A timely legal review that determines whether collected data may be used lawfully for machine-learning purposes can prevent regulatory and legal headaches later.
The pilot project intends to strengthen legal compliance and improve health and safety conditions as well as social well-being in the south of the Democratic Republic of Congo, where 70% of the world’s cobalt resources are located. Currently, Volkswagen does not accept cobalt from artisanal mines.
—,Eric Cin, global director, Vehicle Personalization, Accessories and Licensing. Globally, the vehicle performance parts and accessories industry generates approximately $50 billion annually; that covers hardware for everything from hot rods to off-road vehicles, and from mobile electronics to vehicle accessories.
In our two-year quest to find a partner that was a proven technology leader and focused on making a global difference, Nikola was the clear winner. Cowen is serving as financial and capital markets advisor, and Greenberg Traurig, LLP is serving as legal advisor to VectoIQ.
The United Nations Environment Programme (UNEP) estimates that 1,960 tonnes of mercury arising from human activities are currently emitted annually into the atmosphere, generated mainly by artisanal and small-scale gold mining (ASGM)—the largest single anthropogenic source globally—and coal- or lignite-fired power plants.
The Global Bioenergy Partnership (GBEP) has agreed on a set of voluntary, practical and science-based sustainability indicators with the aim of helping countries to assess and develop sustainable production and use of bioenergy. directions, thresholds or limits and do not constitute a standard; nor are they legally binding on.
Bosch anticipates that electric and plug-in hybrid vehicles will take almost a 3% share of the global new car market in 2020. However, the company cautions, these figure may vary depending on future legal requirements, rising fuel prices, and progress in battery technology. Source: Bosch. Click to enlarge.
Before this week, the Kyoto Protocol covered less than 30% of global emissions. It is now clear that Kyoto is not the path forward for a global solution to climate change; instead, it is an impediment. It is now clear that Kyoto is not the path forward for a global solution to climate change; instead, it is an impediment.
Project management, ship design and legal compliance. With the entry into force of the Paris Agreement in 2016, global momentum for decarbonization has increased, and reducing GHG emissions has become an issue in the shipping sector. Application to vessels through new vessel design and development. Role of each company. Background.
Global MRV , a provider of portable emissions measurement systems (PEMS), has introduced the first on-board permanently embedded Micro PEMS that reports all regulated vehicle emissions and performance system data all the time. —David Munro, CEO Global MRV.
This includes mine site management and legal compliance, human rights, health and safety as well as environmental management. On-site coaching will begin in the upcoming months to support technical improvements in the areas of occupational safety, environmental management and legal conformity at mine sites.
Current contracts with Farasis have been supplemented and include, in addition to technical and commercial contractual components, expanded legal and sustainability requirements. Under certain technological and commercial conditions, the supplier can join projects for the next generations of the Mercedes-Benz EQ products at an early stage.
Providing legal certainty will additionally help unlock large-scale investments and boost the production capacity for innovative and sustainable batteries in Europe and beyond to respond to the fast-growing market. This is mostly driven by electric transport making this market an increasingly strategic one at the global level.
The combination of these two complementary portfolios will allow the Group to manage an overall volume of around 40 million tonnes of LNG per year by 2020, making Total the second largest global player among the majors with a worldwide market share of 10%. —Patrick Pouyanné, Chairman & CEO of Total.
—Allen Taub, former GM VP, Global R&D. million people/year are killed in auto accidents globally. We want to set expectations low but we want to encourage dialogue on how we want to move the technology forward. —Anthony Levandowski. For some, driving is a distraction.” Approximately 1.5
Scientists have called for a legally-binding treaty to ensure Earth’s orbit is not harmed by space junk as the global space industry grows. The post Global action required to clean up space junk appeared first on Innovation News Network.
Long term regulatory certainty to enable appropriate investment. The agencies clearly recognize the body of data and on-the-road examples that confirm mass reduction through stronger, yet lighter materials helps deliver safe, fuel efficient and cost-effective vehicles to meet or exceed consumer demands.
Tesla’s legal team received a boost last month, with the company hiring Derek Windham, a top securities lawyer, as its senior director and deputy general counsel for corporate and securities. He would be reporting to the head of Tesla’s in-house legal team, who, in turn, reports directly to CEO Elon Musk. .
Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. is not high enough to keep the global average temperature rise below two degrees Celsius, based on forecasts.
Vastly expanding sugarcane production in Brazil for conversion to ethanol could reduce current global CO 2 emissions by as much as 5.6%, according to a new study by an international team led by researchers from the University of Illinois. of net CO 2 emission globally relative to data for 2014. Gigatons yr −1. This would displace 3.8–13.7%
The planned joint venture aims at realizing synergies in global procurement for existing parts as well as parts for new technologies. For this purpose, investment banks and legal advisors will be mandated in a timely manner. More details of the planned joint venture will be outlined in the upcoming months.
Citigroup Global Markets Inc. acted as sole financial advisor to Nikola on the transaction, and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor. Davis Polk & Wardwell LLP served as legal advisor to Citigroup Global Markets Inc. —Nikola CFO Kim Brady.
This acquisition will enable us to better serve both our existing global customers as well as Talison’s current lithium concentrate customers in China and the rest of the world. Lazard is acting as exclusive financial advisor to Rockwood, and Gilbert & Tobin is acting as Rockwood’s legal counsel.
The state’s legal dispute with the companies resulted from the lack of development at Point Thomson for the past 30 years. Because of a rapidly evolving global market, large-scale liquefied natural gas (LNG) exports from south-central Alaska will be assessed. ExxonMobil, ConocoPhillips, BP and TransCanada, through its participation in.
The agreement is designed to bring together the strengths of each party and expand expertise by assessing market opportunities, working together to research commercial, legal and regulatory issues related to driverless transportation-as-a-service offerings in France and Japan.
This transaction brings together Uber’s global Rides and Eats platform with Postmates’ delivery business in the US. Wachtell, Lipton, Rosen & Katz served as legal counsel to Uber. Morgan Securities LLC served as financial advisor and Latham & Watkins LLP as legal counsel to Postmates. billion in an all-stock transaction.
The NGO Transport & Environment (T&E) reports that developing countries, led by China, India, Brazil, South Africa and Saudi Arabia, have blocked what would have been the first global agreement to cut carbon emissions from ships.
Already being referred to as the “High Seas Treaty”, the legal framework would place 30% of the world’s oceans into protected areas, put more money into marine conservation, and covers access to and use of marine genetic resources.
In a new report , Navigant Research forecasts that vehicles with autonomous driving modes will gradually gain traction in the market over the coming two decades, from about 4% of the global light-duty vehicle market in 2025, rising to roughly 41% in 2030 and 75% by 2035—about 95.4 million units annually by then.
If proven effective, these measures could then be scaled up to other legal artisanal mine sites and enhance systemic challenges in the longer run. This project also contributes to the goals of global initiatives, such as the Global Battery Alliance (GBA), to foster sustainable supply chains.
According to guidelines issued by the European Union, automobile manufacturers are legally obligated to use a low global warming potential refrigerant in the air-conditioning systems installed in their cars. However, R1234yf, the recommended replacement ( earlier post ), has already been the subject of much heated debate in Germany.
—Renata Jungo Brüngger, Member of the Board of Management of Daimler AG and Mercedes-Benz, responsible for Integrity and Legal Affairs. Mercedes-Benz is therefore working with IRMA and RCS Global on a step-by-step approach for dealing with particularly challenging local situations.
In 2020, Ekona was selected by Breakthrough Energy Solutions Canada (BESC) as one of ten Canadian cohort companies developing promising high-impact climate solutions and was most recently named one of the 2022 Global Cleantech 100 companies.
Chrysler Group Global Electric Motorcars LLC (GEM), a wholly owned subsidiary of Chrysler Group LLC, recently launched the 2011 GEM vehicle line of low-speed battery-electric vehicles. More than 45,000 GEM vehicles are on the road worldwide.
Koch Minerals & Trading, LLC (KM&T), a diverse global trading, logistics and investment company and subsidiary of Koch Industries, Inc. KII), is making a $252-million investment in Compass Minerals, a leading global provider of essential minerals, to support phase-one development of its previously identified 2.4
Thirteen scientists and land use experts conclude in a new paper that an important but fixable error in legal accounting rules used to measure compliance with carbon limits for bioenergy could undermine efforts to reduce greenhouse gas emissions by encouraging deforestation. Their paper is published in the 23 Oct.
BASF has completed the carve-out of its mobile emissions catalysts and precious metal services businesses and named the separate legal entity BASF Environmental Catalyst and Metal Solutions (ECMS). ECMS has global operations in 15 countries with more than 4,500 employees and 20 production sites. Earlier post.)
Systems such as pledge-and-review set up in Copenhagen and Cancun are a useful way forward in the absence of an internationally legally-binding agreement, but individual Governments must provide urgent political leadership—that is not happening at present. A strong move towards a green economy and global equity is central to the debate.
According to a 2010 report published by Pike Research, the global market for electric two-wheeled vehicles, including e-bikes, e-scooters, and e-motorcycles, will grow at a compound annual rate of nine percent through 2016. Earlier post.).
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