Alan Ohnsman of Forbes reports that GM is making a $27 billion push for EV market dominance. “The biggest U.S. automaker plans to release 30 battery-powered models globally by 2025, two-thirds of which will be available to North American customers from its Cadillac, GMC, Chevrolet and Buick brands.” Read the full article here.
“The key problem is this: Renewable energy companies are often valued on their expected future earnings. Solar development firms, for instance, often report annual losses but receive lofty valuations from investors because of expectations that their current investments will pay off in the future."
“Top central bank leaders said Thursday climate-change risks are an increasingly important consideration in their thinking about their respective economies and financial systems, and that environmental concerns also are increasingly a factor in their monetary policy considerations.”
“The Columbus, Indiana-based manufacturer, which supplies diesel engines for boats, heavy-duty pickups, delivery vehicles, buses and semis, laid out a comprehensive strategy in its ‘Hydrogen Day’ presentation, covering its production of fuel cells, stationary power systems, fuel tanks and electrolyzers to help companies make their own hydrogen."
“Banks want to make loans to creditworthy customers. But if those projects are burdened by unreasonable climate risks, they may get rejected. That gives the edge going forward to clean energy investments.”
"The drop is consistent with a decade-long downward trend in greenhouse gas releases from large stationary sources, partly propelled by the power sector’s ongoing shift away from coal to renewable sources and cleaner-burning natural gas."