Earlier this month, the United Arab Emirates (UAE) hosted a summit that brought together CEOs of oil majors BP, Shell, and TotalEnergies with officials of Microsoft and other leading tech companies, the board chair of private equity firm Brookfield Asset Management, and executives of German utility RWE and EDF, which provides power in the U.K.
If current trends persist, renewable energy will claim a third of new global electricity generating capacity by 2030, according to a new report from the nonpartisan, nonprofit Rocky Mountain Institute (RMI).
Solar energy’s steadily falling costs, a growing public awareness of the climate crisis, and the energy shortage wrought by the Ukraine war are creating a boom in renewable energy that will make renewables the chief source of electricity generation worldwide by 2025, the International Energy Agency (IEA) has predicted.
Electricity generated by wind and sunshine will supply more of the world’s electricity than gas and coal before 2026, the International Energy Agency (IEA) has predicted in its annual report on global energy. By then, the two forms of renewable power will produce a third of the world’s electricity, equivalent to the combined usage of...
Worldwide energy demand could shrink as much as 6 percent this year, according to the International Energy Agency, which cited a “staggering decline across all the fuels… except renewables,” said Fatih Birol, the IEA’s executive director. As demand for other fuel sources withered, renewable power’s market grew during 2020’s first quarter. The drop in energy...
By 2020, energy from solar panels and wind turbines will be cheaper than power made from fossil fuels, according to an International Renewal Energy Agency study. That reflects today’s rate of price decline for renewables. The report notes that the cost of generating electricity with onshore windmills has fallen 23 percent since 2010; the cost...
As we have been forecasting, centralized nuclear power plants are fast becoming relics of history, left behind by the combination of ever-cheaper renewable energy and in-house storage batteries. Now, according to the US Energy Information Administration, renewable sources of energy accounted for as much electricity generation as nuclear power plants during the first five months...
Researchers at Australia’s University of Newcastle have learned how to 3D-print cheap solar panels quickly. At a cost of about $10 per square meter (about a yard), the panels represent the fastest and, perhaps, cheapest form of renewable power so far. Using a water-based electronic ink containing semiconductor materials, the process layers solar panels’ components...
The British government recently confirmed plans to spend £730 million annually to boost funding for renewable energy, particularly wind and wave power. The UK’s Business and Energy secretary cited the move as Britain’s bid to become an inviting home for green-energy businesses and technologies. At the same time, the government confirmed its plans to phase...
According to the U.S. National Renewable Energy Laboratory, renewable sources of energy could provide 80 percent of U.S. electricity by mid-century. The strategy: use region-specific renewable resources. Solar electricity farms make sense in Arizona but not necessarily in Minnesota’s north woods. Hydropower is a better prospect for towns located along rivers than in Kansas corn...