sources, thanks to rises in both population and income, which will offset the transition to the less carbon-intensive energy sources.will “account for between 29% and 54% of global new vehicle sales by 2050” with China and Western Europe leading the market for these vehicles.U.S. Amps Up Clean Energy Push With $50 Billion ‘Hydrogen Hub’ Plan
Hydrogen has drawn substantial new attention and investment dollars in recent years as a compelling, flexible tool in the fight to slow climate change, particularly for forms of the elemental fuel derived from non-carbon sources. On Friday, the Biden Administration amped up efforts to create a new, clean hydrogen economy by designating seven hubs across the U.S., covering 16 states to scale up its use for a range of industrial and transportation applications.
Wah Kwong, led by chairman Hing Chao, is diving into the startup world in search of new ideas to cut carbon emissions, making investments in a wind-power startup in Ireland, forming a strategic partnership with a Shenzhen-based AI startup and establishing a dedicated sustainability investment unit in London.AI could consume as much energy as Argentina annually by 2027
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