Energy News ArticlesExcerpts of key news articles on energy
Exxon Mobil Corp. ... reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company. The previous record for annual profit was $40.6 billion, which the world's largest publicly traded oil company set in 2007. The extraordinary full-year profit wasn't a surprise given crude's triple-digit price for much of 2008, peaking near an unheard of $150 a barrel in July. Since then, however, prices have fallen roughly 70 percent amid a deepening global economic crisis. In the fourth quarter alone crude tumbled 60 percent, prompting spending and job cuts in an industry that was reporting robust, often record, profits as recently as last summer. Irving, Texas-based Exxon said net income slid sharply to $7.8 billion, or $1.55 a share, in the October-December period. That compared with $11.7 billion, or $2.13 a share, in the same period a year ago, when Exxon set a U.S. record for quarterly profit. It has since topped that mark twice, first in last year's second quarter and then with earnings of $14.83 billion in the third quarter. Revenue in the most-recent quarter fell 27 percent to $84.7 billion. The industry went into retrenchment toward the end of the year with demand falling. The company, which produces about 3 percent of the world's oil, said overall output fell 3 percent in the most-recent period. For the full year, Exxon Mobil's massive profit amounted to $8.69 a share, versus $7.28 a share a year ago.
Note: How can it be said that this record-breaking profit "wasn't a surprise," when ethically we would all expect the oil companies not to gouge consumers world-wide at the time when oil prices were artificially driven to record highs? Why should the oil companies be allowed to rake in huge profits causing the vast majority of us to suffer even greater losses at the gas pump? This is generally called gross profiteering. Shouldn't these "windfall profits" be taxed away?
If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system, and gets a whopping 65 miles to the gallon. Oh yes, and the car is made by Ford Motors, known widely for lumbering gas hogs. Ford's 2009 Fiesta ECOnetic goes on sale in November. But here's the catch: Despite the car's potential to transform Ford's image and help it compete with Toyota Motor and Honda Motor in its home market, the company will sell the little fuel sipper only in Europe. "We know it's an awesome vehicle," says Ford America President Mark Fields. "But there are business reasons why we can't sell it in the U.S." The main one: The Fiesta ECOnetic runs on diesel. Automakers such as Volkswagen and Mercedes-Benz have predicted for years that a technology called "clean diesel" would overcome many Americans' antipathy to a fuel still often thought of as the smelly stuff that powers tractor trailers. Diesel vehicles now hitting the market with pollution-fighting technology are as clean or cleaner than gasoline and at least 30% more fuel-efficient. Yet while half of all cars sold in Europe last year ran on diesel, the U.S. market remains relatively unfriendly to the fuel.
In the world of higher education, summer is usually the off-season. But for some students, this summer was the culmination of years of hard work in a 2,400-mile solar car race from Plano, Texas to Calgary, Alberta. Fifteen teams of students drove photovoltaic-powered cars across the North American Solar Challenge finish line in Calgary Tuesday, led by the University of Michigan Solar Car Team and its vehicle, Continuum. Michigan's victory, which took about 51 hours and 42 minutes on the road, is its fifth NASC championship. The school also won the last NASC, in 2005. Jeff Ferman, the race manager for Michigan, talked about how rewarding it was to enter Calgary and be greeted by 40,000 people."The streets were lined with people," he said. "There were people on overpasses with tripods taking pictures." The Michigan team led almost the entire race from Texas, trailing only on the first day of driving when it had to stop to fix a minor electrical problem. But that 20-minute stop was the only time it had to pull over to make repairs, which team members said was one reason they did so well.
Note: If you do the math, this amazing solar powered car built by college students averaged 46.5 mph over a 2,400 mile course! Why didn't this make news headlines? Try doing a Google search on "Solar Challenge" (the annual solar car race). You will find that almost no major media cover this amazing event at all. The few who have (including this CNN article) usually fail to mention anything about the speeds attained by these cars. Why is the media not giving better coverage to these incredible breakthroughs? For a possible answer, click here.
“Ten years ago I could never have imagined I’d be doing this,” says Greg Pal, 33, a former software executive. “I mean, this is essentially agriculture, right? But ... this is the one hot area everyone wants to get into.” He means bugs. To be more precise: the genetic alteration of bugs – very, very small ones – so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil. Unbelievably, this is not science fiction. Mr Pal holds up a small beaker of bug excretion that could, theoretically, be poured into the tank of the giant Lexus SUV next to us. Not that Mr Pal is willing to risk it just yet. He gives it a month before the first vehicle is filled up on what he calls “renewable petroleum”. After that, he grins, “it’s a brave new world”. Mr Pal is a senior director of LS9, one of several companies in or near Silicon Valley that have ... embarked ... on an extraordinary race to make $140-a-barrel oil (Ł70) from Saudi Arabia obsolete. “All of us here – everyone in this company and in this industry, are aware of the urgency,” Mr Pal says. What is most remarkable about what they are doing is that instead of trying to reengineer the global economy – as is required, for example, for the use of hydrogen fuel – they are trying to make a product that is interchangeable with oil. The company claims that this “Oil 2.0” will not only be renewable but also carbon negative – meaning that the carbon it emits will be less than that sucked from the atmosphere by the raw materials from which it is made.
Note: For a treasure trove of exciting reports on new energy inventions, click here.
Tired of petrol prices rising daily at the pump? A Japanese company has invented an electric-powered, and environmentally friendly, car that it says runs solely on water. Genepax unveiled the car in the western city of Osaka, saying that a liter (2.1 pints) of any kind of water -- rain, river or sea -- was all you needed to get the engine going for about an hour at a speed of 80 km (50 miles). "The car will continue to run as long as you have a bottle of water to top up from time to time," Genepax CEO Kiyoshi Hirasawa told local broadcaster TV Tokyo. "It does not require you to build up an infrastructure to recharge your batteries, which is usually the case for most electric cars," he added. Once the water is poured into the tank at the back of the car, the a generator breaks it down and uses it to create electrical power, TV Tokyo said. Whether the car makes it into showrooms remains to be seen. Genepax said it had just applied for a patent and is hoping to collaborate with Japanese auto manufacturers in the future. Most big automakers, meanwhile, are working on fuel-cell cars that run on hydrogen and emit -- not consume -- water.
Note: To watch a Reuters video clip on this amazing car, click here.
Texas may be best known for "Big Oil." But the oil that could some day make a dent in the country's use of fossil fuels is small. Microscopic, in fact: algae. Literally and figuratively, this is green fuel. "Algae is the ultimate in renewable energy," Glen Kertz, president and CEO of Valcent Products, told CNN while conducting a tour of his algae greenhouse on the outskirts of El Paso. "We are a giant solar collecting system. We get the bulk of our energy from the sunshine," said Kertz. Algae are among the fastest growing plants in the world, and about 50 percent of their weight is oil. That lipid oil can be used to make biodiesel for cars, trucks, and airplanes. Most people know algae as "pond scum." And until recently, most energy research and development projects used ponds to grow it. But instead of ponds, Valcent uses a closed, vertical system, growing the algae in long rows of moving plastic bags. The patented system is called Vertigro, a joint venture with Canadian alternative energy company Global Green Solutions. The companies have invested about $5 million in the Texas facility. "A pond has a limited amount of surface area for solar absorption," said Kertz. "By going vertical, you can get a lot more surface area to expose cells to the sunlight. It keeps the algae hanging in the sunlight just long enough to pick up the solar energy they need to produce, to go through photosynthesis," he said. Kertz said he can produce about 100,000 gallons of algae oil a year per acre, compared to about 30 gallons per acre from corn; 50 gallons from soybeans. Valcent research scientist Aga Pinowska said there are about 65,000 known algae species, with perhaps hundreds of thousands more still to be identified. A big part of the research at the west Texas facility involves determining what type of algae produces what type of fuel.
Note: For many exciting reports of new energy inventions, click here.
IBM Corp., Nokia, Sony and Pitney Bowes are expected to announce Monday that they have put 31 inventions into an "Eco-Patent Commons" designed to make these Earth-friendly manufacturing and waste-reduction processes more widely available. "This is an open source effort along the lines of the Creative Commons," said IBM assistant general counsel David Kappos, who is responsible for the company's intellectual property. The open source movement, symbolized by the free Linux operating system, believes that innovation occurs more quickly when new ideas and processes are open to the public for anyone to troubleshoot and improve. The Eco-Patent Commons adopts this activist tactic in certain fields - like waste reduction - where the participating firms have decided that the societal benefit of having every willing manufacturer adopt these cleaner processes outweighs any potential advantage they might gain by keeping the idea close to the vest. One of the newly freed eco-patents is an IBM invention for using a specially folded piece of corrugated cardboard to cushion electronic components against shock during shipping - replacing the Styrofoam products that can easily become an environmental headache. Likewise, Nokia is giving away a patent designed to help safely dispose of mobile phones by reusing their components in other gadgets such as digital cameras. Kappos said the Eco-Patent Commons would be run by an independent, nonprofit group, the World Business Council for Sustainable Development, and expressed hope that other companies would follow the lead and add real clout to what is more a symbolic than substantive effort to make global business a little greener.
Straddling a 619-pound motorcycle, Scotty Pollacheck tucks in his knees and lowers his head as he waits for the green light. When he revs the engine, there's no roar. The bike moves so fast that within seconds all that's visible is a faint red taillight melting in the distance. Pollacheck crosses the quarter-mile marker doing 156 mph; he's traveled 1,320 feet in 8.22 seconds, faster than any of the gas-powered cars, trucks or motorcycles that have raced in the drag sprints on this weekend at Portland International Raceway. It's particularly impressive given Pollacheck is riding a vehicle that uses no gasoline and is powered entirely by lithium-ion batteries. Pollacheck and his bike — dubbed the KillaCycle — are part of a growing movement that's exploiting breakthroughs in battery technology and could soon challenge the world's fastest-accelerating vehicles in the $1 billion drag-racing industry. "In professional drag racing I expect to see the electrics eventually pass up the fuel dragsters," said Dick Brown, president of AeroBatteries, which sponsors White Zombie, the world's quickest-accelerating street-legal electric car — a 1972 white Datsun 1200. "Electric gives you instant torque whereas gasoline you have to build up," Brown said. The KillaCycle runs on 990 lithium-ion battery cells that feed two direct current motors, generating 350 horsepower. The bike accelerates from zero to 60 mph in just under a second — faster than many professional gas-powered drag motorcycles and within striking distance of the quickest bikes that run on nitromethane. With that hyper-potent racing fuel, riders can get to 60 mph in 0.7 seconds.
Note: For more on this amazing motorcyle and an unassuming electric car that does the quarter mile in under 12 seconds, click here.
A Florida man may have accidentally invented a machine that could solve the gasoline and energy crisis plaguing the U.S.. [John] Kanzius, 63, invented a machine that emits radio waves in an attempt to kill cancerous cells while leaving normal cells intact. While testing his machine, he noticed that his invention had other unexpected abilities. Filling a test tube with salt water from a canal in his back yard, Kanzius placed the tube and a paper towel in the machine and turned it on. Suddenly, the paper towel ignited. Kanzius performed the experiment without the paper towel and got the same result -- the saltwater was actually burning. [He] said he showed the experiment to a handful of scientists across the country who claim they are baffled at watching salt water ignite. Kanzius said the flame created from his machine reaches a temperature of around 3,000 [°F]. He said a chemist told him that the immense heat created from the machine breaks down the hydrogen-oxygen bond in the water, igniting the hydrogen. "You could take plain salt water out of the sea, put it in containers and produce a violent flame that could heat generators that make electricity, or provide other forms of energy," Kanzius said. He said engineers are currently experimenting with him in Erie, Pa. in an attempt to harness the energy. They've built an engine that, when placed on top of the flame, chugged along for two minutes. Kanzius admits all the excitement surrounding a new possible energy source was a stroke of luck. Someone who witnessed his work on the cancer front asked him if perhaps the machine could be used for desalinization. "This was an experiment to see if I could heat salt water, and instead of heat, I got fire," Kanzius said.
Note: Why aren't millions of dollars being channeled to explore this exciting field further? To watch a video clip of this exciting machine igniting sea water, click here.
We couldn't pass up mention of the winner of last week's Eco-marathon Americas, a fuel-economy challenge sponsored by Shell Oil Co. A team from Cal Poly San Luis Obispo won the $10,000 grand prize by achieving the equivalent of 1,902.7 miles per gallon on regular gasoline in a student-built vehicle. Granted, the students didn't win in someone's mom's Dodge minivan. Their "car" is a one-occupant streamliner built of carbon fiber composite. At a measly 98 pounds, it weighed less than the driver. And that was 98 pounds including the car's 50-cubic-centimeter Honda engine. "The main reason we do this is because it's a way to encourage students to focus on technical innovation for potential future careers," said David Sexton, president of Shell Oil Products. But there is a practical side to the competition, said Cal Poly team manager Tom Heckel, a junior mechanical engineering major. "Any publicity we can get makes people aware that the 20 mpg or so they're averaging in their cars can be improved on — a lot." The event, held April 14 at the California Speedway in Fontana, was the first time that Shell had brought its 25-year-old Eco-marathon competition to the U.S. The event drew 20 university, college and high school teams from around the U.S. and Canada. Rules called for each vehicle to complete seven 1.45-mile laps around the speedway's inner track, averaging at least 15 mph. Fuel consumption was measured after each attempt and adjusted for ambient temperature and other factors in a complex formula that ends up giving an extrapolation of miles per gallon.
Note: Why would the president of Shell Oil Products state the main reason for this competition is about careers and not finding ways to improve gas mileage? The world record is over 10,000 mpg. How is it that the average car gets only 22 mpg when the Ford Model T got 25 mpg almost 100 years ago? For more, click here.
The government for decades has failed to meet legal deadlines for tougher energy efficiency standards for appliances and other equipment, costing consumers and industry tens of billions of dollars in electric costs, a congressional study said Thursday. The Government Accountability Office reported that over several decades the Energy Department has "missed all 34 congressional deadlines for setting efficiency standards," with delays ranging from several months to as long as 15 years. The standards approved by Congress seek to reduce energy use from a broad range of products from refrigerators and home heating systems to electricity grid transformers and electric motors in factories. If the deadlines had been met on only four widely used consumer products - refrigerators, freezers, central air conditioners and heat pumps - consumers would have saved $28 billion in accumulated energy costs by 2030 - because more energy efficient products would have been on the market sooner. Andy Karsner, the department's assistant secretary in charge of energy efficiency programs, acknowledged the department has had "a simply abysmal" record on meeting efficiency standard deadlines set by Congress.
Note: Could it be that the powerful energy lobby didn't want these policies instituted? For more, click here.
The world's largest publicly owned oil company announced yesterday the largest corporate profit ever, but news of its near $40-billion (U.S.) windfall in 2006 sparked an angry backlash, coming on the eve of a major report blaming the use of fossil fuels for wreaking devastation on the planet. Exxon shares have risen by about 20 per cent in the past year. Exxon wasn't alone in unprecedented oil earnings. Royal Dutch Shell PLC, an Anglo-Dutch company, and U.S.-run Marathon Oil and Valero Energy, also posted best-ever annual results yesterday. And ConocoPhillips Co., also American, last week posted its highest profits. Profits at the five companies together totalled $91.1-billion -- in a year when drivers paid record prices for gasoline. Both Democratic and Republican members of Congress have also urged Exxon to end its funding of organizations that deny the existence of -- or minimize the seriousness of -- human-made global warming. Scientists yesterday accused the conservative American Enterprise Institute, which receives funding from Exxon, of offering scientists up to $10,000 for articles that undercut a report to be released today from the Intergovernmental Panel on Climate Change. Last month, the Union of Concerned Scientists ... said that Exxon has spent $16-million over the past 10 years financing organizations that deny the seriousness of climate change. Alden Meyer, a strategist with the group, compared Exxon's efforts to discredit the science of global warming to the tobacco companies' efforts to sow doubts about the link between smoking and lung cancer in order to protect their profits.
Note: Compare this Canadian article with the New York Times reporting of this record profit, or that of any other major U.S. newspaper. The U.S. press barely mentions that oil company gouging which took dollars from your pocket is what led to record profits. To understand why the U.S. press behaves in this way, click here.
The planet's most pressing environmental problems ... may seem just too big to be solved with today's technology. But don't despair: A lot of bright minds are working on futuristic projects that promise to make the world greener. It's save-the-world stuff like toxic-waste-eating trees, smart electricity grids, oceangoing robots, and floating environmental sensors. This technology may seem far out - but it will probably be here a lot sooner than you think. 1. Try a solar-powered hydrogen fueling station in your garage. It's about the size of a filing cabinet and runs on electricity generated by standard-issue rooftop solar panels. The first version of the home fueling station is expected to produce enough hydrogen to give your runabout a range of some 100 miles without emitting a molecule of planet-warming greenhouse gas. 2. Environmental sensor networks [provide] real-time data on a variety of phenomena that affect the economy and society - climate change, hurricanes, air and water pollution. 3. Toxin-eating trees ... a technology that uses vegetation to absorb hazardous waste from industrial plants and other polluters. 4. Nuclear waste neutralizer ... a chemical technology called Urex+ that extracts reusable uranium and separates out cesium, allowing four times as much waste to be packed into nuclear burial grounds. 5. Autonomous ocean robots. 6. Sonic water purifier ... a sci-fi solution for an age-old problem that leaves 1.1 billion people without access to clean water: 7. Endangered-species tracker. 8. The interactive, renewable smart power grid ... the electricity grid of the future ... will look more like the Internet - distributed, interactive, open-source - than the dumb, one-way network of today.
Note: For many other exciting discoveries of new energy sources, click here.
An Associated Press analysis suggests that big oil companies have been crimping supplies ... across the country for years. The analysis, based on data from the U.S. Energy Information Administration, indicates that the industry slacked off supplying oil and gasoline during the prolonged price boom between early 1999 and last summer, when prices began to fall. The findings support a conclusion already reached by many motorists. Fifty-five percent of Americans believe gas prices are high because [of] oil companies. Though set back temporarily by the [9/11] attacks, the oil business has profited handsomely since then. The biggest six refiners ... rang up $400 billion in profits since 2001. Though reserves have kept pretty steady, the oil industry taps those resources to varying degrees from year to year. The industry has shelved an average of 21 percent more unrefined oil from the start of 2004 through last June. Last spring, stocks of shelved crude reached their highest level in eight years, despite the fabulous riches at hand in high prices then. The industry also protected profits by not building any new refineries. [And] thanks to mergers, the top 10 companies now control three-quarters of national refining capacity, up from half in the early 1990s. A 2001 study by the Federal Trade Commission reported that some firms were deciding to "maximize their profits" by crimping supply. One executive told regulators "he would rather sell less gasoline and earn a higher margin on each gallon sold." However upsetting to drivers, such tactics are usually viewed as legal. "A decision to limit supply does not violate the antitrust laws," regulators wrote in one FTC report.
Though the 100 mpg car sounds like a myth, it turns out that such vehicles do exist -- only they're built in your neighbor's garage, not a giant production plant. Known as plug-in hybrid-electric vehicles ... they’re basically Priuses or similar hybrids that have been equipped with extra batteries, so that they rarely use their gasoline engines at all. "People are salivating for plug-ins," says Bradley Berman, editor of the site HybridCars.com. A hybrid vehicle today like a Prius has both a gasoline engine and a battery, which is fed by the braking energy produced by the car. It can’t be plugged in. A plug-in hybrid keeps those components, but essentially gets an extra fuel tank, in the form of an added battery bank ... that allows the car to run exclusively off battery power for most driving. Felix Kramer, founder of the California Cars Initiative, a nonprofit group that promotes the use of high-efficiency, low-emission cars, owns the first consumer plug-in in North America. Not surprisingly, he loves it. "Many days I use no gasoline, because I go at neighborhood speeds for under 30 miles, and I’m just all-electric all day," he says. And the mileage? "At highway speeds, you can easily get over 100 mpg." Other plug-in owners offer up similar results. "I used to fill up every 400 miles or so," he says ... "and now I fill up every 800 miles or so." Advocates estimate that it costs less than $1 per gallon to replenish a plug-in hybrid. "Our goal is to have a $3,000 kit," CalCars' Kramer says. (That number, coincidentally, is also what many plug-in evangelists think that the technology would cost for Toyota to add to its hybrids.)
Note: If people are doing this in their garage, why aren't the auto makers already producing them? In fact, a similar vehicle was produced to be marketed in 2002, but then pulled off the market. To find why average car mileage has remained virtually unchanged for 100 years, click here.
Iceland wants to make a full conversion and plans to modify its cars, buses and trucks to run on renewable energy -- with no dependence on oil. Iceland has already started by turning water into fuel -- hydrogen fuel. Here's how it works: Electrodes split the water into hydrogen and oxygen molecules. Hydrogen electrons pass through a conductor that creates the current to power an electric engine. Hydrogen fuel now costs two to three times as much as gasoline, but gets up to three times the mileage of gas, making the overall cost about the same. As an added benefit, there are no carbon emissions -- only water vapor. By the middle of this century, all Icelanders will be required to run their cars only on hydrogen fuel, meaning no more gasoline. Icelanders say they're committed to showing the world that by making fuel from water, it is possible to kick the oil habit.
Note: This is mind-blowing information! Why isn't this amazing news of economical, non-polluting energy sources making top headlines? A video clip of the above ABC News story is available on the ABC website at the link above. A friend of mine invented a similar device only to have it ruthlessly suppressed. For lots more on all this, click here.
One of the more controversial topics involving Nikola Tesla is what became of many of his technical and scientific papers after he died in 1943. Just before his death at the height of World War II, he claimed that he had perfected his so-called "death beam." So it was natural that the FBI and other U.S. Government agencies would be interested in any scientific ideas involving weaponry. The morning after the inventor's death, his nephew Sava Kosanovic hurried to his uncle's room at the Hotel New Yorker. By the time he arrived, Tesla's body had already been removed, and Kosanovic suspected that someone had already gone through his uncle's effects. Technical papers were missing as well as a black notebook he knew Tesla kept — a notebook with several hundred pages, some of which were marked "Government." Just after World War II, there was a renewed interest in beam weapons. Copies of Tesla's papers on particle beam weaponry were sent to Patterson Air Force Base in Dayton, Ohio. An operation code-named "Project Nick" was heavily funded and placed under the command of Brigadier General L. C. Craigie to test the feasibility of Tesla's concept. Details of the experiments were never published, and the project was apparently discontinued. But something peculiar happened. The copies of Tesla's papers disappeared and nobody knows what happened to them.
Rudolf W. Gunnerman has a tiger by the tail--the Exxon tiger. If the technology that the 66-year-old inventor has spent $6 million and the past seven years developing lives up to his claims, cars and trucks could one day be running on a fraction of the gasoline and diesel fuel they now use. Ditto for buses, planes, trains, and anything else powered by an internal-combustion engine--from lawn mowers to huge electrical generators. Gunnerman claims to have a technology that enables engines to burn a mixture of half fuel, half water. Yes, water. What's more, he says, the mixture gets 40% better mileage from the gasoline it contains and emits significantly less pollution because engines run cooler. In particular, tailpipes emit virtually no nitrogen oxides--the principal source of smog. Caterpillar Inc. is so intrigued that in early July it formed a joint venture with A-55 LP, Gunnerman's tiny, nine-person company in Reno, Nev. A-55 is short for aqueous 55%, the amount of water by weight in the patented fuels. But the key ingredient is 0.5% of a secret emulsifier that enables fuel and water to mix--and stay mixed. Gunnerman financed his work with royalties from other patents, especially those covering the making of pellets for woodstoves.
Note: If the above link fails, click here. Why didn't this exciting development make headline news? For lots more showing very promising results on this most intriguing invention, click here. For exciting reports from reliable sources on highly promising new energy developments and technologies, click here and here.
Earlier this month, U.N. Secretary-General AntĂłnio Guterres joined virtual visitors to Berlin at the 12th Annual Petersberg Climate Dialogue, where the German government hoped to further negotiate technical details of the Paris Agreement. During the event, German Chancellor Angela Merkel urged governments to continue investing into our shared climate despite budgetary shortfalls related to the COVID-19 crisis. Germany has walked that walk. Over the past two decades, it has embarked on a remarkable, expensive transition from coal and nuclear energy, to renewable energy sources. The set of policies to encourage this rise of green energy is known as energiewende–or "energy transition." Energiewende has its roots in the foundation of Germany's Green Party in the late 1970s and early 1980s and enjoys broad public support. It is one of the most ambitious green energy proposals in the global North, and represents a fundamental paradigm shift from the fossil fuel-obsessed status quo. Massive fossil fuel subsidies and planned expansions of natural gas means the United States has failed to embrace the same spirit of energiewende. But that doesn't mean it never can. One good way to start would be with a central component of German energiewende: a feed-in-tariff to promote less developed renewable technologies. It works through phase-out subsidies that provide a fixed price for every kilowatt hour for a specific period following a renewable plant's construction.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Carbon emissions from the global electricity system fell by 2% last year, the biggest drop in almost 30 years, as countries began to turn their backs on coal-fired power plants. A new report on the world’s electricity generation revealed the steepest cut in carbon emissions since 1990 as the US and the EU turned to cleaner energy sources. Overall, power from coal plants fell by 3% last year, even as China’s reliance on coal plants climbed for another year to make up half the world’s coal generation for the first time. Coal generation in the US and Europe has halved since 2007, and last year collapsed by almost a quarter in the EU and by 16% in the US. The report from climate thinktank Ember ... warned that the dent in the world’s coal-fired electricity generation relied on many one-off factors, including milder winters across many countries. Dave Jones, the lead author of the report, said governments must dramatically accelerate the electricity transition so that global coal generation collapses throughout the 2020s. “The cheapest and quickest way to end coal generation is through a rapid rollout of wind and solar,” he said. The report revealed that renewable wind and solar power rose by 15% in 2019 to make up 8% of the world’s electricity. In the EU, wind and solar power made up almost a fifth of the electricity generated last year, ahead of the US which relied on these renewable sources for 11% of its electricity. In China and India, renewable energy made up 8% and 9% of the electricity system, respectively.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
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