Japan plans on eliminating gas powered vehicles by mid-2030s, ramps up renewable energy investments

On Friday, in a significant development, the Japanese government said it aims to eliminate gasoline-powered vehicles in the country in the next 15 years so as to reach net zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050. The “green growth strategy,” sees an increased adoption of hydrogen in…

Brazil signs technology safeguard agreement with the U.S.

In a development that paves the way for U.S. companies to use Brazil’s Alcantara base in the Northeastern-state of Maranhao to launch satellites, the Brazilian Senate has approved the ratification of an agreement signed earlier this year to safeguard U.S. space and defense technology. The agreement was earlier signed in March 2019 during an official…

Renault-Nissan-Mitsubishi to boost collaboration in key technologies

Areas of convergence that have been identified by the trio include engineering, manufacturing, purchasing and supply chains. On Thursday, the Renault-Nissan-Mitsubishi alliance stated it would boost the speed of convergence of technologies between the trio as they collaborate on key areas as part of a bigger, broader strategy to boost profits and lower costs. The…