Empowering the Green Transition - Week 5/2024

Hello in February! In this week's Codibly newsletter, we're happy to bring you the latest and updates from the realms of sustainability, innovation, and emobility and renewables energy. Discover how Texas has achieved a new solar energy day-record and journey with us to China's to see thriving clean energy sector, a driving force behind economic growth. Explore General Motors' strategic shift towards plug-in hybrids to meet stringent fuel economy regulations. And don't miss Amazon Web Services' remarkable commitment of $10 billion to renewable energy projects, setting new standards in its corporate sustainability.

Join us on this voyage of discovery and innovation in the world of sustainability and clean energy. ???????? Enjoy the read! ?

Texas sets new day-record in solar energy production

Texas reached a solar energy milestone, setting a day-record by powering over one-third of its grid with solar energy. On Sunday, 28th January 2024, solar plants delivered an impressive 15,222 megawatts, highlighting the state's robust solar infrastructure and hinting at its potential for more record-breaking days. Weather conditions were ideal for solar, with clear skies across most of the state, when the Electric Reliability Council of Texas recorded the record. This milestone highlights the state's rapid shift towards renewable energy sources, particularly solar, hinting at more records to come.

In China, clean energy fuels record economic growth

In 2023, China's economic expansion was significantly driven by the clean energy sector, with solar power, electric vehicles, and battery technology leading the charge, according to analysis for Carbon Brief. This shift not only reflects China's commitment to renewable energy but also underscores its role in shaping global clean energy trends. To delve into the detailed analysis of how clean energy became a major economic force in China, check out the full article here. Key findings of the analysis include:

• Clean energy contributed a record 11.4tn yuan ($1.6tn) to China’s economy in 2023, accounting for all of the growth in investment and a larger share of economic growth than any other sector.
• Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023.
• China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey.
• Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year.
• Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023.
• Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% instead of 5.2%.

China's remarkable economic growth driven by clean energy in 2023 is a significant milestone, considering its historical status as the world's top CO? emitter (30% of world's emission). The nation's transition towards renewable and clean energy sources is nothing short of impressive. This shift underscores the need to include China in the global shift towards clean energy.

- Alex Gryn, eMobility Solutions Consultant, Codibly.

Biden's $5 billion boost for U.S. transportation

President Biden announced nearly $5 billion funding for major transportation projects across the U.S., reinforcing his commitment to infrastructure development. Biden's? investment in U.S. transportation includes significant projects like the $1.06 billion Blatnik Bridge replacement in the Twin Ports, the $600 million I-5 Bridge renewal over the Columbia River, and the $427 million Humboldt Offshore Wind project in California. This investment, part of the Investing in America agenda, aims to modernize infrastructure, stimulate clean energy and manufacturing, and create jobs. The funding includes key projects and improvements in various states.?

GM: plug-in hybrids return to meet fuel economy goals

General Motors is revising its product lineup strategy by reintroducing plug-in hybrid electric vehicles (PHEVs), according to CEO Mary Barra's announcement. While specific details remain undisclosed, PHEVs will be incorporated into select North American vehicles to align with stricter federal fuel economy regulations. This strategic shift reflects a broader industry trend, as automakers reassess hybrid technology to meet consumer demands and comply with emissions standards. GM, known for its Chevrolet Volt in the 2010s, discontinued the vehicle in 2019 but now embraces PHEVs as a transitional solution while maintaining a commitment to achieving zero tailpipe emissions by 2035.

AWS powers up renewable energy investment for a sustainable future

Amazon Web Services (AWS) is leading the charge in renewable energy investment with a bold commitment of $10 billion by 2025. As part of its sustainability initiatives, AWS continues to channel substantial resources into renewable energy projects worldwide. One of them is a Delta wind project that will include 41 wind turbines powered by winds from the Mississippi Delta. Company’s? proactive approach not only reduces AWS's carbon footprint but also sets a precedent for corporate responsibility in the tech industry.

Australian Tesla drives 700,000 km, saving $20,000 annually on service and fuel costs

An Australian Tesla owner achieved a remarkable milestone, driving over 700,000 km in a 2018 Model S. This achievement is accompanied by substantial annual savings of approximately $20,000 in fuel and maintenance expenses. The owner's experience challenges the perception of electric vehicle longevity and highlights the economic benefits of EV ownership, especially as battery technology continues to evolve.

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