Monday, June 24, 2013

California Expected to Meet Carbon Targets

http://www.ceres.org/press/press-releases/rapid-developments-in-alternative-fuels-surpassing-expectation
Industry leaders and investors are heartened by faster-than-expected developments in alternative fuels, according to an industry report released today. 
The alternative fuels market has evolved much faster than anticipated, reveals the report, produced by a coalition of investors, utilities, and makers of alternative fuels and vehicles. For example, sales of electric vehicles are beating early projections, the surge in natural gas supply is helping decrease the carbon intensity in the transportation of merchandise, and biodiesel and renewable diesel are being consumed in much higher quantities than ever before. Although the cellulosic ethanol industry has struggled to produce projected volumes, other alternatives have emerged in unforeseen ways