A rising number of competing models, stronger pollution restrictions, incentives, and fleet purchasing will all push electric vehicle sales, Bloomberg reports. According to Bloomberg’s estimates, China will lead the way once again this year, with around 6 million global electric vehicle sales in 2022. With nearly half a million electric vehicles sold in December, the …
Electric Vehicle Sales to Reach 10 Million in 2022 Read More »
The Chinese government has pledged to reduce pollution from automobiles, but even the world’s largest national electric car industry may be developing too slowly. According to a report issued this month by Greenpeace, China’s automotive industry is falling short of the country’s goal of reaching net-zero emissions by 2060, Bloomberg reports. According to existing rules, …
China Carbon Emissions: Carmakers Are Lagging Behind Read More »
Clean energy stocks have been hammered and since the beginning of the year, two indexes that measure the sector—WinderHill Clean Energy and S&P Global Clean Energy—have declined 13.9% and 8.2%, respectively. The WinderHill index has dropped 54% from its high at the beginning of 2021, while the S&P index has down 39%. (For reference, the …
Clean Energy Stocks Soon to Recover, Experts Say Read More »
According to China’s current strategy, the country would adopt a new green energy policy to encourage low-carbon consumption across a variety of industries in order to balance economic development with its objective of being carbon neutral, South China Morning Post reports. The green energy policy effort, which was released on Friday by seven government departments …
China Pushes Green Energy Policy in Food, Clothing, Transport Sectors Read More »
Cisco Systems, a technology powerhouse, and LAN pioneer has established net-zero emission objectives for 2040 as part of its bold and successful ESG efforts, Sustainability Mag reports. Cisco Systems, Inc., a San Jose-based international technological corporation, was an originator of the idea of local area networks, which connect computers via a multiprotocol router system. Cisco …
Cisco Systems Engages in Net-Zero Emissions Efforts Read More »
Last year, China installed a record amount of solar panels on roofs, as residential development surpassed solar farm installations. According to the National Energy Administration, rooftop solar installations accounted for more than half of the 51 gigawatts of solar power added in 2021, Bloomberg Green reports. According to the NEA, China currently has 108 GW …
China’s Rooftop Solar Installations Reach Record Number Read More »
The year 2021 ended up being the fifth warmest on record, according to the Copernicus Climate Change Service of the European Union, which dates back to 1979. This conclusion is based on publicly accessible data examined by climate scientist Zeke Hausfather who tweeted his findings, Bloomberg Green reports. This is one of the first temperature …
Copernicus Climate Change Service Says 2021 5th Warmest Year on Record Read More »
In response to climate change and global warming, communities across British Columbia will receive record investments in important projects to reduce emissions, promote health, and expand opportunities, the BC government reported via press release. The Canadian and British Columbia governments have pledged up to $134 million for the third intake of the CleanBC Communities Fund, …
CleanBC Communities Fund to Receive Record Investment Read More »
Renewable energy sources accounted for 22% of total final energy consumption in the EU in 2020. This is 2 percentage points (pp) more than the 2020 aim set forth in Directive 2009/28/EC on the promotion of the use of renewable energy sources. This is a significant achievement and a turning point in the EU’s efforts …
Renewable Energy Consumption in the EU up by 2pp Read More »
Investec Ltd. intends to give its private banking clients financing for the installation of solar panels and battery storage systems in their houses, enhancing its own green credentials while also offering a power solution in a country plagued by frequent power outages, Bloomberg Green reported. The solar power financing initiative, which succeeds a trial program …
Investec Offers Solar Power Financing to Private Clients Read More »
