Emission Control: Toyota scores dead-last among world’s top 10 carmakers for climate credentials
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Emission Control is Stockhead’s fortnightly take on all the big news surrounding developments in renewable energy.
For the second year in a row a Greenpeace East Asia report has ranked Australia’s top selling car maker, Toyota, at the back of the pack when it comes to lobbying against measures to reduce climate pollution from vehicles, greenwashing, and advocacy for fossil-fuelled hybrid vehicle technology.
While the sale of zero-emission vehicles (ZEVs) as a share of the overall auto market has more than doubled for the first time in five years, Japan’s three largest automakers – Toyota, Nissan and Honda – have been the slowest to respond.
The report found Nissan and Toyota as being the only two companies whose five years compound annual growth rate of the percentage of ZEV sales and 2021 percentage of ZEV sales are considerably lower than the global average.
“This means they are the only two companies in the top 10 that are transitioning to ZEVs more slowly than the overall global transition rate,” the report highlighted.
For industry laggard Toyota, sales of ZEVs made up a meagre 0.2% of total sales.
Globally, the stock of electric cars has surpassed the 10 million mark – but 99% of the total global fleet continues to burn fossil fuels.
For the main markets, the percentage of ZEV sales was well under 10% in the first half of 2022, with the exception of China.
The market share of BEVs in Europe has increased from 4% in 2020 to 6% in 2021, while in China numbers rose from 6% in 2020 to 11.3% in 2021 with 2.9 million BEVs sold, 170% of last year’s figure.
“The top car manufacturers should take robust actions on the climate emergency, at a level of ambition that matches their advantage of scale and global market penetration,” the report says.
“We demand that leading global automakers end the sale of ICE vehicles in their main markets (US, China, Korea, and Japan) before 2030.
“For Europe, this needs to happen by 2028.”
Deductions were made against Toyota due to reports released in June revealing the Japanese government had, at the carmaker’s request, specifically pushed to support hybrids.
LobbyMap, a leading database of corporate and industry lobbying of climate policy around the globe, also ranks Toyota as having a ‘performance band of D’, with 31% engagement in climate policy.
In March 2022, Toyota subsidiary Hino revealed it had been knowingly falsifying emissions data for nearly 20 years with a seperate report claiming evidence shows one of the emission-related frauds dated back to October 2003.
|CODE||COMPANY||PRICE||% TODAY||% WEEK||% MONTH||MARKET CAP|
|KPO||Kalina Power Limited||0.02||11%||11%||-5%||$27,273,524|
|PH2||Pure Hydrogen Corp||0.305||5%||-6%||13%||$99,823,448|
|RNE||Renu Energy Ltd||0.046||5%||-2%||-15%||$16,040,905|
|FHE||Frontier Energy Ltd||0.37||4%||-5%||30%||$81,430,843|
|HZR||Hazer Group Limited||0.67||3%||-4%||-4%||$109,418,433|
|FMG||Fortescue Metals Grp||16.48||3%||-11%||-9%||$49,263,438,688|
|PGY||Pilot Energy Ltd||0.0175||3%||-3%||3%||$10,394,443|
|PV1||Provaris Energy Ltd||0.072||3%||-4%||4%||$38,379,633|
|AVL||Aust Vanadium Ltd||0.044||2%||-2%||0%||$170,588,803|
|CWY||Cleanaway Waste Ltd||2.85||1%||2%||6%||$6,193,154,424|
|NEW||NEW Energy Solar||0.93||1%||1%||18%||$296,543,887|
|ECT||Env Clean Tech Ltd.||0.018||0%||-14%||-10%||$30,892,530|
|IRD||Iron Road Ltd||0.14||0%||-3%||0%||$111,980,583|
|LIO||Lion Energy Limited||0.038||0%||-5%||3%||$16,192,188|
|MPR||Mpower Group Limited||0.022||0%||-4%||-8%||$6,113,139|
|FGR||First Graphene Ltd||0.125||0%||0%||-7%||$71,958,123|
|EDE||Eden Inv Ltd||0.009||0%||0%||0%||$23,276,052|
|EOL||Energy One Limited||5.11||0%||-1%||-5%||$140,704,218|
|GNX||Genex Power Ltd||0.215||-4%||-7%||-2%||$311,664,857|
|CNQ||Clean Teq Water||0.54||-6%||-2%||-13%||$25,683,050|
5EA, an exploration stage boron and lithium company has revealed a research collaboration agreement with Boston College for the advancement of boron-based materials research in solar energy systems.
Under the agreement, the company will provide funds to and collaborate with Boston College in exploring and developing novel boron-based materials that have the potential to integrate solar energy capture, conversion, and storage into a single closed system.
Solar energy is expected to play an important role in serving the increasing demand for a carbon-neutral global economy.
The IEA expects solar energy to account for 60% of the increase in global renewable capacity in 2022 and the National Renewable Energy Laboratory (NREL) forecasts that solar energy could provide up to 45% of the electricity in the US by 2050.
“Boron is an extremely versatile element with fascinating elemental and chemical properties,” Boston College professor Shih-Yuan Liu says.
“We have been developing boron-based compounds for applications across biomedical research and catalysis to optoelectronic materials and are excited to focus on solar energy applications given decarbonisation implications.
“This research has the potential to create boron advanced materials that capture the energy of sunlight and directly convert it into a storable high-energy fuel.”
5EA chief commercial officer Dr Dinakar Gnanamgar says to achieve success, the company will require enhanced scalable technologies for solar energy capture, conversion, and storage.
“We believe our research agreement with world renowned university, Boston College, has the potential to create such an efficient solar energy platform using boron advanced materials,” he says.
Frontier Energy has appointed engineering firm GHD to conduct the pre-front end engineering design relating to the proposed hydrogen facility that will be built at the company’s Bristol Springs Renewable Energy Project in WA.
This phase of the project has now officially kicked off, focusing on the 36.6MW alkaline electrolyser.
In simple terms, electrolysis is the process of using electricity (solar energy) to split water into hydrogen and oxygen.
According to FHE executive chairman Grant Davey, GHD was selected due to its excellent reputation, specifically its vast experience in the Australian hydrogen industry.
“We continue to see significant interest in the sector, and we are moving at an accelerated rate to ensure we have the ability to be one of the first significant green hydrogen projects into production in Western Australia.”
ReNu Energy has signed an agreement between its wholly owned subsidiary, Countrywide Hydrogen, and WIRSOL Energy to assess co-development of behind-the-meter solar power and battery energy storage systems (BESS) at Countrywide’s hydrogen projects in Tasmania.
Countrywide is progressing two hydrogen projects in Tasmania, in the north and south of the State, with a view to establishing Tasmania as a showcase hydrogen state.
Under the agreement WIRSOL will evaluate the potential project locations to scope solar and possible battery installations to provide Countrywide with energy for hydrogen production.
Redflow and Empower Energies have signed a Letter of Intent to develop integrated solar and flow battery solutions for the North American commercial and industrial, remote community micro grid, and utility markets.
The integrated solar and Redflow energy storage solution architecture was developed through the company’s joint engagement with a Fortune 500 company who is interested in deploying solar and flow battery storage projects at one of its the commercial campuses.
Redflow’s president of North America and chief commercial officer Mark Higgins believes that this codeveloped solution will serve the Fortune 500 customer well, while also meeting the needs of a variety of customer segments across North America.
“Our integrated offering provides a safer, rugged, more sustainable and cost competitive alternative to lithium-ion batteries and solar, and our batteries don’t materially degrade over their useful life, unlike lithium ion,” he said.
“The uniquely safe zinc bromine chemistry has no risk of thermal runaway, making our solution better to deploy in urban and suburban environments where safety is a paramount consideration.
“Also, our hibernation mode enables our batteries to be used for backup power and resilience deployments in a very cost-effective manner versus lithium.”
AEV has a portfolio of gold assets in Western Australia and a phosphate project – Wonorah in the Northern Territory – where the company is developing a scoping study and bankable feasibility study.
On Thursday, it entered into a mandate with Peak Asset Mangement, under which Peak agreed to act as lead manager to raise roughly $2.1m in two tranches, fast tracking DSO (stage 1) studies for phosphorous acid and LFP manufacturing (stage 2).
“We believe that the Wonarah Phosphate Project has the potential to be rapidly brought into production to meet this supply shortage via a DSO operation,” AEV executive chairman Brett Clark says.
“Global demand for phosphate continues to strengthen, driving prices higher in recent months.
“The rise of prominence of Lithium Iron Phosphate (LFP) batteries in electric vehicles and energy storage and the increasing demand for phosphate as an agricultural fertiliser are simultaneously squeezing current world supply.”