renewableenergies
The world is falling well short of a promise made at global climate talks last year to triple the amount of wind power, according to a report by energy think tank Ember released last week. Last December, countries at the UN COP28 climate conference committed to tripling all renewable electricity by 2030. Wind power specifically must triple to achieve that, according to the International Energy Agency (IEA) and others. Examining national targets set by 70 countries that account for 99 per cent of existing wind power, Ember, an energy nonprofit based in London, projects that over the next six ye...
Euronews (English)
It’s election year in Europe, and with it come big promises - including help for voters in greening their homes. The Labour Party’s UK victory heralds a new era for climate action with a “rooftop revolution” aiming to triple solar power in the country by 2030. As well as approving three huge solar farms in east England that had previously been blocked by the Conservatives, the new government is offering grants and low interest loans to support solar panel installation on millions of homes. But, with green energy subsidies historically hard to understand or access for many, do they really make ...
Euronews (English)
Two Dutch companies have received over €2m each for the development of tidal energy projects in the Wadden Sea region. Equinox will use the €2.4m received to develop a pre-commercial turbine by 2025 and expand its global footprint to meet the growing demand for clean energy solutions. Pieter de Haas, the chief executive of Equinox, said: “This is a significant step towards making the marine energy sector a commercial reality.” Equinox has vowed to revolutionise the energy sector by providing a consistent and reliable power source. The second company, Seaqurrent, has been given €2.5m to develop...
Euronews (English)
Three years ago, Google set an ambitious plan to address climate change by going 'net zero', meaning it would release no more climate-changing gases into the air than it removes, by 2030. But a report from the company on Tuesday shows it is nowhere near meeting that goal. Rather than declining, its emissions grew 13 per cent in 2023 over the year before. Compared to its baseline year of 2019, emissions have soared 48 per cent. Google cited artificial intelligence (AI) and the demand it puts on data centres, which require massive amounts of electricity, for last year’s growth. Making that elect...
Euronews (English)
One method of making electricity cleanly to address climate change has been quietly advancing and on Tuesday it hit a milestone. A California utility is backing the largest new geothermal power development in the US - 400 megawatts of clean electricity from the Earth’s heat - enough for some 400,000 homes. Utility company Southern California Edison will purchase the electricity from Fervo Energy, a Houston-based geothermal company, Fervo announced. The company is drilling up to 125 wells in southwest Utah. Clean electricity like this reduces the need for traditional power plants that cause cli...
Euronews (English)
On Monday, the French stock markets were impacted by Emmanuel Macron's call for a snap election following a bruising defeat by the far-right party, National Rally (NR), in the EU parliamentary elections. The benchmark CAC 40 index fell by 1.4% following the news, with major renewable energy stocks such as Engie SA, Voltalia SA, and Neoen SA declining between 1% and 5%. Far-right parties leverage their power with public dissatisfactionWith far-right parties gaining notable power in the EU elections, certain industries, such as renewable energy firms, could be significantly affected amid a poten...
Euronews (English)
Ukraine could install five times more solar energy capacity than the government’s current plan, according to a new study. Greenpeace campaigners are calling for the embattled country to adopt a ‘Solar Energy Marshall Plan’ - in reference to the US-funded programme that helped Europe rebuild after the Second World War. The study they commissioned from economic consultancy firm Berlin Economics is released today ahead of the Ukraine Recovery Conference taking place in Berlin next week. “Addressing the energy crisis must be at the heart of the Ukraine Recovery Conference,” says Andree Böhling, en...
Euronews (English)
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