The global transition to renewable energy, once seen as a straightforward and rapid shift, is facing numerous challenges that are slowing its progress and increasing its costs.
Continue reading “Has the energy transition hit a wall?”Offshore wind in America
On October 31, 2023, the Biden Administration approved a plan to install up to 176 wind turbines off the coast of Virginia, set to be the largest offshore wind installation in the U.S. This project, developed by Dominion Energy, will produce 2.6 gigawatts, aligning with President Biden’s goal of achieving 30 gigawatts of offshore wind power by 2030.
Continue reading “Offshore wind in America”Global carbon market hits $800 billion
The global compliance carbon markets, key components of environmental sustainability efforts, are projected to surpass $800 billion in value this year, marking a 5% year-over-year increase despite reduced trading volumes due to the Ukraine conflict.
Continue reading “Global carbon market hits $800 billion”Valuing carbon storage potential of natural habitats
A novel approach to assessing the carbon storage potential of natural habitats has been developed to enhance confidence in carbon offset schemes. Current valuation methods for forest conservation projects have faced criticism, leading to a lack of faith in carbon markets and undermining climate change mitigation efforts, including investment in tropical forest conservation.
Continue reading “Valuing carbon storage potential of natural habitats”Europe transformed with rooftop solar adoption
Europe is experiencing a remarkable surge in solar installations, particularly in rooftop solar, which constitutes 70% of all new installations. Germany is leading the way with an anticipated 84% annual growth rate this year, reaching a record high of 13.5 GW of total solar PV capacity.
Continue reading “Europe transformed with rooftop solar adoption”Time for another push on carbon pricing
Addressing climate change necessitates a multifaceted approach involving green subsidies, regulations, and carbon taxes. Each of these measures carries its advantages and challenges, making a balanced integration crucial.
Continue reading “Time for another push on carbon pricing”Solar to dominate by 2050
Solar energy has experienced a remarkable reduction in its cost over the past decade, plummeting by 89% from 2010 to 2022, according to recent research from the University of Copenhagen’s Department of Geosciences and Natural Resource Management. This decrease is accompanied by a similar cost reduction in batteries, which are crucial for storing and balancing solar energy.
Continue reading “Solar to dominate by 2050”Giant solar space farm proposed
A UK-based technology firm, Space Solar, is planning to launch a solar space farm that could contribute to Britain’s future energy supply. The proposed 2-kilometer-long farm of solar panels would orbit above Earth and transmit energy to receivers on the planet, similar to the way mobile phone signals are transmitted.
Continue reading “Giant solar space farm proposed”The world needs to add or replace 50 million miles of power lines
A new report from the International Energy Agency (IEA) highlights the urgent need for a massive expansion of transmission lines to meet climate goals and ensure energy security.
Continue reading “The world needs to add or replace 50 million miles of power lines”Carbon passports
A report by Intrepid Travel and The Future Laboratory warns of the consequences of not taking action to address the environmental impact of travel, particularly the role of carbon emissions.
Continue reading “Carbon passports”