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Investment in renewable energy reached US$288.9bn in 2018, according to new figures published in BloombergNEF’s Renewables 2019 Global Status Report. The amount spent on new capacity far exceeding investments for new fossil fuel power. “Global trends continue to indicate that
The renewable energy industry employed 11 million people worldwide in 2018, an increase from 10.3 million in 2017, according to the latest analysis by the International Renewable Energy Agency (IRENA). The report, Renewable Energy and Jobs – Annual Review 2019,
The latest report from the International Renewable Energy Agency (IRENA) shows renewable power is the cheapest source of electricity in many parts of the world already, reaffirming the role of renewables as low-cost solution to boost global climate action. With
Electric vehicles, or EVs, are on track to dominate global sales of passenger cars and buses by 2040, and to encroach significantly on the market for vans and short-distance trucking, according to the latest forecast from research firm BloombergNEF (BNEF).
Ford and Rivian form strategic partnership through $500 million minority investment Ford to build all-new battery electric vehicle using Rivian’s flexible skateboard platform The investment is subject to customary regulatory approval; Ford’s Joe Hinrichs to join Rivian’s board of directors
According to new research from Accenture, Utilities: Lead the Charge in eMobility , electric vehicles (EVs) are poised to grow to 10 million in 2025 and surpass conventional vehicles by 2040. This growth in EVs will potentially create a US$2
New report by Global Market Insights shows the battery electric vehicles market is set to rise from around US$150bn in 2018 to over US$425bn by 2025. Increasing prevalence of greenhouse gases along with rising concerns associated with carbon emissions are
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