Green Car Stock Archives - Page 11 of 62

WednesdaySep 18, 2024 9:00 am

EU Report Emphasizes Reduced Energy Costs Will Boost Economies, Support Energy Transition

Lower energy costs will bolster economies worldwide and support the transition from fossil fuels to renewables, a new European Union (EU) report says. Even more, the landmark report says that the green-energy transition will be critical to preserving Europe's economy. The Future of European Competitiveness report outlines the investments Europe would have to make to rescue its economy and remain on par with the United States and China. The 300-page report also dedicates a fair amount of focus on the energy transition, the energy industry and the critical role it will play in decarbonizing Europe's economy and making it more…

MondaySep 16, 2024 9:00 am

China Courts Norway on Green-Energy Cooperation

China has revealed that it is willing to cooperate with Norway, one of the countries leading the world's transition to green energy, in various green-energy-related endeavors. During Norwegian Prime Minister Jonas Gahr Stoere’s recent trip to Beijing, Chinese President Xi Jinping said China was ready to partner with the Scandinavian nation and promote “friendly cooperation” in matters related to clean energy. China's head of state highlighted the ongoing transition to renewables, environmental protection, electric vehicles, and fishery and agricultural products as potential areas of cooperation between China and Norway. A report from CCTV also said he hoped Russian and Ukrainian…

FridaySep 13, 2024 9:00 am

Global Clean Energy Generation Reaches New Milestone

The world has reached a notable milestone in its efforts to ramp up renewable energy generation and eliminate fossil fuels from its energy mix. New research recently revealed that energy production from green sources accounted for more t han 40% of the electricity generated worldwide for the first time in 2023. Two BloombergNEF reports show that solar and wind provided 24% of this electricity while nearly 9% of all the power-capacity additions done globally were from wind and solar compared to only 6% from fossil fuels. Lead author Sofia Maia said the researchers have noted a “steep change” in green…

WednesdaySep 11, 2024 9:00 am

High Fossil Fuel Use in US Highlight Challenges of Energy Transition

Although the United States has made significant strides in its efforts to adopt renewable energy during the last decade, fossil fuels still play a major role in the nation’s energy mix. Over two centuries of using coal, oil and natural gas have made it extremely difficult for the U.S. to shake its reliance on fossil fuels, and the country still relies on dirty fuels to fulfill the majority of its energy needs. The past 10 years have seen more American power generators increasingly favor clean-energy sources over fossil fuels, causing their capacity to generate renewables to surge by 70% and…

MondaySep 09, 2024 9:00 am

China Focuses on Clean Energy During China-Africa Forum

China has taken significant steps to deepen its relationship with Africa by funding large infrastructure projects across the African continent over the past decade. With several large-scale projects completed in multiple countries, Beijing is now shifting gears and transitioning its African economic policies to electric vehicles, 5G technology and solar. As a result, renewable energy is poised to take a prominent spot on the agenda during the ongoing ninth Forum on China-Africa Cooperation (FOCAC). Starting Sept. 4, 2024, the forum will showcase China's newfound commitment to promoting renewable energy in Africa. As the largest manufacturer on the globe, China produces…

FridaySep 06, 2024 9:00 am

US DOE Report Reveals Uptick in Clean-Energy Jobs

A report from the U.S. Department of Energy (DOE) has revealed that there has been an uptick in green-energy jobs around the country. The recently released annual report found that the nascent industry's employment opportunities are growing more than two times faster than the rest of the energy industry and overall economy. Of the more than 250,000 energy jobs the United States added in 2023, the Department of Energy report said, 142,000 positions (56%) were in the clean-energy sector. A statement from U.S. secretary of energy Jennifer Granholm noted that the data shows the U.S. is not just retaining but…

WednesdaySep 04, 2024 9:00 am

Microsoft Signs Mega Green-Energy Deals in Singapore, India

American technology giant Microsoft has signed a major renewable energy deal that will see it buy energy from the largest solar project in Singapore's history. The tech company signed green-energy contracts with EDP Renewables in Singapore and India's RenNew Power worth 637.6MW as part of its efforts to advance renewable-energy adoption. RenNew Power signed a renewable-energy sale agreement for 437.6MW, one of the independent power producers’ (IPP) largest-ever corporate green-energy contracts, while Microsoft's deal with EDP Renewables will allow it to purchase 100% of the solar energy generated in Singapore’s largest solar project. With Microsoft consuming copious amounts of energy…

FridayAug 30, 2024 9:00 am

Innovation Essential to Ensuring Future of Clean Energy

As the world races to transition away from fossil fuels, such as oil and natural gas, to renewable alternatives such as solar, innovation will be key to ensuring that the young green-energy industry has a future. Dozens of countries have already made significant progress in the transition, particularly in Europe, and the costs involved in building solar photovoltaic (PV) modules have dropped by more than 95% over the past several decades. Solar energy accounts for the majority of the world's green-energy capacity, followed by wind, thermal, hydropower and nuclear energy. While scientists are working hard to optimize solar technology and…

WednesdayAug 28, 2024 9:00 am

Economic Incentives Trounce Rational Arguments in Driving Clean-Energy Transition

Proponents of renewable energy are increasingly relying on economic incentives rather than rational arguments to drive the global transition to green energy. As climate policies in developed nations with the most sway in the global transition to green energy increasingly come under attack, economic incentives may offer a means of driving the energy transition without becoming a target for populist rhetoric. Rather than making rational arguments about the benefits of convincing regular citizens to adopt renewable-energy technology and support the transition away from fossil fuels to cleaner alternatives, economic incentives could be more effective at getting the job done. According…

MondayAug 26, 2024 9:00 am

Google Unveils New Ways to Advance Clean-Energy Goals

A recent statement from American tech giant Google has revealed different ways the California-based company will pursue its renewable energy goals in the United STates. In a blog post published on the company's website, global head of Data Center Energy Amanda Peterson Corio, as well as Data Center energy lead Christopher Scott, discussed several ways Google can advance its clean-energy goals. The blog post announced that Google is teaming up with Swift Current Energy and Energix Renewables to pursue its goal of achieving 24/7 clean energy on the PJM (Pennsylvania-New Jersey-Maryland) interconnection. This interconnection is responsible for coordinating electricity movement…

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