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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

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The Global Outlook of Electric Vehicles

Blink Charging

With this increase in demand came an equally steep rise in the price of the metals used in the manufacturing of EV batteries – particularly lithium – which the IEA’s report says is a significant challenge to the EV industry. The federal US government has expanded its electric vehicle tax credits for new and used EVs.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion) and South Africa ($5.5 billion, helped by the recovery in sector share prices between mid-2012 and March 2014, and by the popularity with investors of US “yieldcos” and their European equivalents, quoted project funds. Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2

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