By Merran Smith Opinion Dan Woynillowicz Thu., May 2, 2019 Electric cars will take over roads in Canada and around the world. This is not simply the opinion of environmentalists, but a reality echoed by most analysts and automakers. It’s why Volkswagen is betting everything on a fast-approaching electric future. It’s why Ford just dropped a cool $500 million into electric truck startup Rivian with an eye toward electrifying its F-series (the bestselling trucks in Canada). And it’s why there’s a combined US$300 billion being invested by 29 global automakers into electric vehicles. Here in Canada, sales of new electric vehicles nearly doubled last year. In Norway, there were more electric cars sold than gas ones last month. One of the more pessimistic outlooks for electric cars, courtesy of ExxonMobil, sees the number of electric cars growing from two million to around 160 million in just 20 years. But perhaps, more than any factoid, what … [Read more...] about Will Conservative climate plan embrace electric cars?
Planned market economy
Oil price hikes not yet a threat to economy — NEDA Czeriza Valencia (The Philippine Star) - May 3, 2019 - 12:00am MANILA, Philippines — The rise in oil prices is not yet considered a big threat to economic growth in the succeeding quarters as the increases remain gradual, the National Economic and Development Authority (NEDA) said. “It has less of an effect than food prices, food price inflation is more deleterious to inflation in general than oil because oil price increase is gradual and haven’t really reached the peak yet,” Socioeconomic Planning Secretary and NEDA chief Ernesto Pernia told reporters. He noted that fare hikes for jeepneys – which is more patronized by the masses – has remained stable so far. The effect of oil price hikes in the world market will mostly be felt by owners of private vehicles. Growth in the first quarter of the year, however, likely settled within the … [Read more...] about Oil price hikes not yet a threat to economy — NEDA
ADB launches $5-B action plan for ‘blue economies’ AT Pamintuan (The Philippine Star) - May 3, 2019 - 12:00am NADI – With commercial fish stocks seen to disappear by 2048 and 90 percent of coral reefs by 2052, the Asian Development Bank (ADB) launched here yesterday a $5-billion initiative to finance an action plan for promoting ocean health and so-called blue economies. The Oceans Financing Initiative, to be implemented from 2019 to 2024, will give priority to archipelagic states such as the Philippines and Indonesia, Bambang Susantono, ADB vice president for knowledge management and sustainable development, told a press briefing in this Fijian city. “The prosperity of our region depends on healthy oceans and sustainable development,” ADB president Takehiko Nakao declared in a statement. “We must work toward a more resilient future, where humanity and oceans thrive together.” The … [Read more...] about ADB launches $5-B action plan for ‘blue economies’
MUMBAI: The end on Thursday (May 2) of US sanctions waivers for purchases of Iranian oil is likely to hit India's economy hard, increasing fuel costs and quickening inflation, analysts say.Last May, President Donald Trump withdrew Washington from the 2015 Iran nuclear deal with world powers that had given Tehran sanctions relief in exchange for curbs on its nuclear programme.The United States reimposed oil sanctions on Iran in November but initially gave eight countries - including India and several other US allies - six-month reprieves.Washington announced last week that the waivers, which have also benefited China and Turkey, would expire on May 2."US sanctions on Iran is a double whammy for India after the Venezuelan sanctions," said Vandana Hari, founder of Vanda Insights, a global energy markets portal."It will have to pay more for imports and face higher foreign exchange outflows," she told AFP.India-- Asia's third-largest economy - imports over 80 per cent of its crude … [Read more...] about End of Iran sanctions waivers to hit Indian economy: Analysts
BERLIN Reuters) - Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth US$1 trillion a year by the 2040s.The drive to give Germany a bigger role in space comes as European, Asian and U.S. companies stake out ground in an evolving segment that promises contracts for everything from exploration to mining of outer-space resources.Firms likely to benefit from any future spending rise in Germany include Airbus, which co-owns the maker of Europe's Ariane space rockets, and Bremen-based OHB.The new legislation would limit financial and legal liabilities of private companies should accidents happen in orbit, set standards for space operations and offer incentives for new projects, the German economy ministry told Reuters.The ministry's aerospace and space commissioner, Thomas Jarzombek, could submit the laws to parliament later this … [Read more...] about Fly me to the moon: Germany eyes slice of lucrative space market