Headline News:
- “Goldman Sachs Cuts China Growth Forecast Over Power Outages” • Goldman Sachs cut its growth forecast for China, as the country struggles with energy shortages. It expects China’s economy to expand by 7.8% this year, down from its previous 8.2%. Environmental controls, supply constraints, and soaring prices caused the power shortages. [BBC]
Transmission pylons (mayanming, CC-BY-SA 3.0)
- “Plugin Vehicles Hit 22% Market Share In Europe In August!” • The European passenger plugin vehicle market is staying in the fast lane. More than 155,000 plugin vehicles were registered in August, an increase of 60% year over year. This performance is even more impressive when we consider that the overall auto market is in the doldrums. [CleanTechnica]
- “Ford Announces $11.4 Billion Investment In Electric Vehicle Plants” • Ford announced a major investment in EV production in the US. It said will to build its biggest ever plant in Tennessee, and two battery parks in Kentucky. The $11.4 billion (£8.3 billion) plan is to build zero-emission cars and pickups “at scale” for US customers. It will create 11,000 jobs. [BBC]
- “When It Comes To Cutting Carbon Emissions, The Real Estate Industry Is Running Out Of Time” • For those in the real estate sector, concern about the climate always seemed to be less about the cause and more about events that put property portfolios at risk. Many in the industry have yet to admit that buildings are as responsible for carbon as cars. [CNN]
- “LNG Trucks as Bad for the Climate as Diesel, On-Road Tests Find” • Trucks powered by liquified natural gas are no better for the climate than conventional diesel trucks, new independent tests indicate. Transport & Environment, which commissioned the on-road tests, said only zero-emissions trucks should be given support by lawmakers. [CleanTechnica]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
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