Tesla boss pledges to donate $100m to the ‘best’ carbon capture tech

Elon Musk plans to share more details about the prize next week

Has 2020 skewed perspectives on energy prices?

Listen to the latest episode of the Resonance podcast here.

New initiative to help banks in the Philippines, Mexico and Egypt scale climate finance

It is designed to increase climate lending by participating banks to 30% of their portfolios by 2030, while reducing exposure to coal

Businesses in Yorkshire offered £600k for anaerobic digestion innovation

Projects can include desk-based studies, consultancy, laboratory tests, scale-up or demonstration activities

Global energy transition investment ‘hit $500bn mark in 2020’

Solar and wind received the lion’s share of renewable investments globally, according to a new report

INEOS injects £100m into the creation of Oxford University Institute for ‘silent pandemic’

The new body will work to develop solutions to antimicrobial resistance

EU approves €60m to support cleaner public transport in Portugal

The funding will support the conversion of an old railway line into a route for electric buses connecting Coimbra with the municipalities of Lousã and Miranda do Corvo and the village of Serpins

Portsmouth City Council wins £3.1m fund for home energy efficiency

Up to 300 additional households across Portsmouth and Gosport are to benefit from the funding

Volkswagen tripled sales of electric vehicles in 2020

The most popular model was the ID.3, with 56,500 units sold, even though it only came on the market in September

New $231m loan approved for hydropower project in India

The Lower Kopili Hydroelectric Power plant, located in Central Assam, will have a total capacity of 120MW