The European Union (EU) has adopted the target to reach climate neutrality in the EU by 2050, enshrined in the 2021 EU Climate Law. This will result in declining workforces in certain industries as we transition away from a fossil fuel-based economy. To help regions and workforces affected by these declining industries, the EU offers funding promoting regional development and cohesion, including the Just Transition Fund (JTF).
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HIF Global, a leading green fuels company, announced a project to produce up to 800,000 tons per year of green methanol in Brazil. This is the company’s first such project in Brazil. It has signed a land reservation contract with Port of Açu to develop this green methanol facility. Meanwhile, the port will also provide support to HIF in several aspects related to project development.
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In pursuit of achieving net-zero emissions, the US federal and state governments, alongside businesses, are escalating efforts to promote the adoption of electric vehicles (EVs). The document, developed with extensive stakeholder input, is a comprehensive guide that outlines a strategy for integrating EVs into the electric grid. It offers direction for stakeholders as they develop products, identify opportunities for standardisation, and design new policies, rates, and services, among other activities.
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India’s EV charging infrastructure is growing rapidly, driven by the growing uptake of EVs. As of February 2024, there were approximately 12,146 public charging stations (PCSs) in the country. The top three states in terms of charging infrastructure are Maharashtra (3,079), Delhi (1,886) and Karnataka (1,041). The public EV charging network in the country is growing with an increase in the deployment of both slow and fast EV chargers.
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Copenhagen Infrastructure Partners (CIP), via its Copenhagen Infrastructure IV (CI IV) fund, and its joint venture partner SSE Thermal, have completed the construction and initiated operations of 60 MWe Slough Multifuel project. It is a Waste to Energy plant situated in Slough, England.
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As part of its ongoing anti-subsidy investigation, the European Commission has disclosed to interested parties the draft decision to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China. This draft decision reflects the comments received from interested parties on the provisional countervailing duties published on 4 July 2024, as well as the conclusion of a number of investigative steps that had not been finalised at provisional stage.
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Liquid Wind and Uniper have inked a strategic partnership agreement for the development of eFuel facilities to produce fossil-free eMethanol. By joining forces, the companies will leverage each other’s strengths and skills for the commercial-scale development of eFuel facilities, reducing costs, risks and developing the supply chain.
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Due to the long history of ethanol policies, Brazil now has one of the most successful programmes in the world for the use of renewable energy in the transport sector. No other country in the world has a fleet of almost 20 million light vehicles that can use any combination of gasoline and sugarcane ethanol the consumer wants to use. Despite recent difficulties, Brazil has maintained its position as the second largest producer of ethanol in the world, accounting for 25 per cent of global production and 20 per cent of global exports.
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Vehicle charging flexibility has the potential to reduce Colorado’s electric infrastructure costs by $100 million to $300 million per year in 2035 and $200 million to $900 million in 2050. Residential-sector cost savings are so large that they could pay for all of the Level 2 charging infrastructure in that sector. Managed charging programs and electric rates are necessary for consumers to benefit from vehicle flexibility. Electric system costs will be reduced where customer programs and related data are integrated into utility planning and operations.
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On June 12, 2024, the EU notified carmakers that it would impose countervailing duties ranging from 17.4% to 38.1% on imports of Chinese electric vehicles (EVs) starting in July. This decision follows an anti-subsidy probe into Chinese EVs initiated last September and comes after the US’ recent move to increase tariffs on Chinese EVs to 100%. The EU’s decision aims to prevent material injury to its industry from subsidized Chinese EVs but will have long-term consequences for the EU’s transition to a clean economy.
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The EV market in South Asia is poised for substantial growth, driven by environmental imperatives, economic factors, and proactive government policies. Each country in the region presents unique opportunities and challenges, reflecting their specific economic conditions, infrastructure development, and market dynamics. Despite the challenges of infrastructure development, high initial costs, and the need for consumer education, the potential for growth in the EV market across South Asia is immense. With continued investment, supportive policies, and technological advancements, the region is well on its way to a sustainable and electric future.
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President Biden, on May 14, 2024, announced significant tariff hikes in tariffs of solar cells, lithium-ion EV batteries, EVs, critical minerals and some other products that originate in China. He has directed his Trade Representative to increase tariffs of certain products under Section 301 of the Trade Act of 1974, that amount to $18 billion of imports from China. This decision comes after a review conducted by the Trade Representative under section 301 of the Trade Act of 1974 on China’s practices related to technology transfer, intellectual property, and innovation (section 301 investigation).
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Batteries are an essential part of the global energy system today. Lithium-ion batteries dominate battery use due to recent cost reductions and performance improvements. Lithium-ion batteries dominate both EV and storage applications. Strong government support for the rollout of EVs and incentives for battery storage are expanding markets for batteries around the world. Batteries are key to the transition away from fossil fuels.
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China is also the global leader in terms of electric share of the 2/3W fleet, with over one-third of all 2/3Ws being electric today, and is expected to remain the leader in electric 2/3W sales in both the STEPS and APS. In the STEPS, the sales share of electric 2/3Ws reaches nearly 90% in 2035; in the APS, the share is slightly above that by 2035. In China there is no gap between existing policy frameworks and future targets, and even more ambition is conceivable.
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Ava Community Energy (Ava), a clean energy provider, has announced plans to expand access to public electric vehicle (EV) charging stations within its service area. The company will partner with Calibrant Energy to install 86 public direct-current fast-chargers (DCFC) at 11 locations across six cities
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This provides an overview of electric vehicle (EV) policies in selected Association of Southeast Asian Nations (ASEAN) countries. It investigates the EV policies and targets, the current status of EV introduction, EV reuse plans, and battery reuse policies. While EVs have gained traction in many countries due to policy support, few nations have a long road ahead to scale up EV adoption.
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Despite the growing adoption of EVs in India, the availability of accessible and affordable financing remains one of the major challenges for the widespread transition to e-mobility. From the perspective of financiers, lending for ICE two- and three-wheelers is a difficult business because the borrower profile consists of many new-to-credit customers who are learning to adapt to formal credit cycles and typically have a history of significant delays in payments.
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South Korea’s energy security policies and business strategies have been misconstrued to focus on securing fossil fuels for power supply stability and affordability. South Korea’s transition away from fossil fuels has been slow, despite ambitious targets set in its Nationally Determined Contribution (NDC) to reduce fossil fuel use in the power sector to 23.7% and increase renewable energy to 30.6% by 2036. In 2023, fossil fuels still accounted for 58.5% of the power mix, while renewable energy contributed only 9.64%.
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This report “The Plan to Enable the Bioeconomy in America: Building a Resilient Biomass Supply” by USDA focuses on systems of production of biomass as raw material and its preprocessing into feedstocks for many diverse types of biomanufacturing and biobased products in the U.S. bioeconomy. Some of these systems are well-established and primed for expansion, while others are newly emerging.
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Korys has increased its ownership in Virya Energy to 70 per cent by acquiring an additional 30 per cent from the Colruyt Group, amounting to approximately €600 million in equity value. With this stake, Korys aims to support Virya Energy in advancing its growth plans
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