California’s Banning Gas Cars, Half A Billion For Better Energy & Amazon’s Green Hydrogen Bet

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California’s Banning Gas Cars, Half A Billion For Better Energy & Amazon’s Green Hydrogen Bet
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This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability.

of passenger vehicles in the U.S. and is the top market for electric vehicles, with battery-powered models accounting for 15% of new car sales so far this year. But the Golden State has even bigger goals for zero-emission autos: This week it officially, the most aggressive target set so far. The state accounts for about 11% of all new vehicle purchases in the U.S.

Hydrogen is getting a lot more attention from governments and heavy industries looking for an additional tool to cut carbon emissions. Now Amazon is making a big bet on the clean fuel with a plan to buy as much as $2.1 billion of “green” hydrogen–made from water and renewable electricity–from fuel cell maker Plug Power. As part of the deal, Amazon may also end up owning 16 million shares of Plug.

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