One of the largest banks in the world says choosing not to invest in renewable energy and divest from fossil fuel might come at a significant financial cost. Up to $1.8 trillion through 2040 or $44 trillion by 2060, when compared to the business-as-usual model.
India is one of the most polluted countries in the world, but for what it’s worth local authorities acknowledge this and are trying to balance their energy mix, currently heavily reliant on fossil fuel. More than 90% of India’s energy needs are met by coal, oil and gas. In all this ocean of dirt, particles and toxic fumes, the Cochin International Airport (CIAL) shines like jewel – the first international airport in the world that is 100% served by solar energy.
The Dutch want clean energy, and they’ve made that abundantly clear when 886 citizens sued their government to reduce CO2 emissions; as a result of that, something completely unprecedented (and very exciting) happened: a court in Hague ordered the government to reduce its emissions by at least 25% over the next five years. But then, things got even better: the government
The Department of the Navy (DON) announced it will make the largest investment in renewable energy by an federal entity. Its plan is to install a huge 210 megawatt (MW) solar facility – enough to power 80,000 Californian homes – in the Arizona desert, which would serve electricity to 14 US Navy installations. The agreement was signed last month and marks the latest in a slew of measures meant to make the Department of Defense less dependent on oil – not just by the navy, but also the military or air force.
Scientists working at Monash University in Melbourne have developed the most energy-efficient ‘artificial photosynthesis’ method to date. The process relies on running an electrical current through water to separate it into oxygen and hydrogen, and the team behind it say it could be used to power our home on the cheap in just a few years.
Investment in the renewable project is estimated to reach £650m ($1bn), which will be partly funded through aids from the European Commission, and construction works would create around 1,100 jobs. Environmental technology firm Abengoa, based in Spain, along with Japanese industry giant Toshiba will be leading the project for their client, MGT Teesside, subsidiary to the British utility MGT Power.
Hydro-energy is clean, cheap and reliable – in many ways, it’s every man’s dream: you get the reliability of fossil fuels with the eco-friendliness of wind and solar. But hydro also comes at a price, one that we are only recently discovering: it threatens biodiversity and encourages erosion. The removal of a dam on the Elwha River in northern Washington State
Advances in magnet technology have allowed MIT scientists to design a cheaper, more compact, modular and highly efficient fusion reactor that is efficient enough to use commercially. The era of clean, practically inexhaustible energy may be upon us in as little as a decade, scientists report.
Solar-aided power plants could mean less CO2 for a fraction of the costs of solar-only, paving the way for a full-renewable power supply.
Whether we’re talking about a tablet or a phone, a laptop or a music player, what matters most is the battery. And electric cars are no exception from this rule. The problem with new technologies is that there are no infrastructures to sustain them, which makes it unprofitable for the consumer, given that the lack of necessary tools to assure