The U.K. has long had big plans for geothermal energy, having assessed the potential of converting old coal plants into geothermal facilities in recent years. But now other parts of the world are catching up, including several European states and some countries across Africa. As governments seek to diversify their …
Read More »How the EU’s Carbon Tax Scheme is Reshaping Global Steel Trade
This month saw the launch of the EU’s CBAM policy, a much-needed abbreviation for Carbon Border Adjustment Mechanism. Officials designed the trade policy to put a fair price on the carbon emitted during the production of carbon-intensive goods entering the European Union. They also hope it will encourage cleaner industrial …
Read More »ASEAN Economies Facing a Dangerous Combo
A potent combination of factors, including a stronger US dollar, a weaker Chinese economy, and rising oil prices, is creating a dangerous cocktail that threatens to disrupt the stability of Southeast Asian economies. A strong dollar makes servicing dollar-denominated debt more expensive, increasing the burden on countries with substantial external …
Read More »EV Battery Costs could Surge by 22%
The Renewables MMI (Monthly Metals Index) saw a welcome boost month-on-month, rising 6.27%. Grain-oriented electrical steel, silicon, and neodymium were the main factors that increased the index, while the lithium-ion battery market remains a point of contention. In the case of silicon, futures initially rose back in June due to …
Read More »Renewable Energy’s Role in Global Bitcoin Mining
Bitcoin miners use an estimated 348 terawatt hours of electricity per year, and with the world increasingly moving to renewables, some are asking the question: just where does Bitcoin get its electricity? To answer that question, Visual Capitalist’s Chris Deckert partnered with HIVE Digital to visualize data from the Cambridge …
Read More »India Hopes to Lead on Climate, but Coal still Powers Its Economic Growth
Indian Prime Minister Narendra Modi hopes to use the Group of 20 summit, which kicks off Saturday in New Delhi, to urge other leaders to step up their clean energy transition. Modi, who has overseen a rapid expansion of India’s renewable energy industry, has set bold targets to power more …
Read More »Air Traffic Chaos Exposes Crisis in the Skies
“Looks like I picked the wrong week to give up drinking”, says Lloyd Bridges’ wizened air traffic controller Steve McCroskey in the 1980 disaster satire Airplane. You’d imagine National Air Traffic Services (NATS) chief exec Martin Rolfe is probably in need of a stiff drink after this week’s air travel …
Read More »New Data Proves Nuclear Energy is Safer than You Think
There is now a concerted effort to change the global public perception of nuclear power, as governments worldwide look to rapidly expand their clean energy sources to achieve a green transition. Nuclear power has come on a long journey, from widely popular to demonised and back again. But many people …
Read More »Global Energy Slump Impacts Qatar’s Post-World Cup Finances
Lower oil and gas prices this year and the end of last year’s massive spending before and during the World Cup have slowed down the economic growth in Qatar, one of the world’s top liquefied natural gas exporters, which is currently building the biggest LNG expansion project in history. Qatar …
Read More »China Eyes Partnership with Gulf Countries for Space Exploration
In the push to embrace emerging technologies and harness their potential commercial opportunities, Gulf countries are launching new initiatives to bolster their domestic space industries. In June Saudi Arabia’s Council of Ministers approved the transformation of the Saudi Space Commission, which was launched in 2018, into a full government agency …
Read More »