- “The Wuling Hong Guang MINI EV Is Creating An Awesome New Market” • In the middle of last year, General Motors, SAIC, and Wuling partnership released the Hong Guang MINI EV, with a $4,200 starting price. In the second half of 2020, 119,255 MINI EVs were sold in China, second only to the Tesla Model 3, which sold 139,925 units for the year. [CleanTechnica]
- “Renewables, Declining Costs Fuel The Global Energy Storage Market” • The continual expansion of intermittent renewables and declining technology costs are key factors fueling the global grid battery energy storage market, according to recent analysis by Frost & Sullivan. The market is expected to have a compound annual growth rate of 23%. [Solar Industry]
- “Three Hundred Business Leaders Ask Biden Administration To Double Emissions Cuts” • A group of 300 major businesses signed an open letter to President Biden asking him to double the carbon emissions reductions the Obama administration had proposed. If enacted, emissions would be reduced 50% by 2030 from 2005 levels. [CleanTechnica]
- “Brazil ‘Needs $10 Billion To Reach Zero Emissions’ Says Minister” • Ahead of US President Joe Biden’s climate summit, Brazil’s environment minister says the country needs $10 billion (£7.2 billion) a year in foreign aid to reach zero emissions by 2050. The move would mean that Brazil could achieve thefigure ten years earlier than now planned. [BBC]
- “Massachusetts Backtracks On Renewable Energy Subsidies For Wood-Burning Biomass Plants” • After loud cries of opposition, the Baker administration says it no longer stands behind a plan it proposed last December to change state regulations to allow some wood-burning biomass power plants to qualify for renewable energy subsidies. [WBUR]
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