DUBAI, United Arab Emirates — The International Monetary Fund has raised its economic outlook for the Middle East and North Africa region’s growth in 2020 by 1.2 percentage points to an overall contraction of 3.8%, showing that despite some progress since the coronavirus pandemic began, it’s still been a brutal year by any account. Recovery
Environment
If the name Hunt Oil rings a bell, it should. As an affiliate of US-based Hunt Consolidated, it is part of a $4 billion oil and gas empire and one of the largest privately held firms in the US. If anyone would be interested in cutting off the renewable energy revolution at the knees, that
Recently, the Jackery team sent me one of their portable power stations: the Explorer 1000. Some companies call these “solar generators” because they can act like a generator, but they are in fact a solar panel, batteries, and an inverter to supply 110 volt power for household appliances. Full disclosure: Jackery is giving me the
Whisky distilleries on an archipelago west of mainland Scotland could soon be powered using electricity generated by subsea tidal turbines. Tidal energy firm Nova Innovation said Wednesday it would install the turbines between the islands of Jura and Islay, which are part of the Inner Hebrides. The move will be another example of how marine
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images U.S. oil giant Exxon Mobil endured a dreadful year by virtually every measure in 2020. The Irving, Texas-based company reported four consecutive quarters of losses, incurred the biggest write-down
Originally published on WRI’s Blog.By Devashree Saha, Tom Cyrs and Alex Rudee The Biden administration has committed to a historically ambitious climate agenda. We can expect a profound shift in U.S. federal climate policy — from one of continued domestic rollbacks and international disengagement, to one of forward progress and cooperation. This is critical, as it is not possible to
Ford unveiled its new all-electric Transit van on Nov. 12, 2020. Ford With President Biden dedicated to pushing electric vehicles as part of both his climate and trade policies, coupled with hot financial markets ready to finance nearly anything green, pressure is building on automakers to go beyond nibbling at the edges of their strategy
February 5th, 2021 by Guest Contributor Article courtesy of SWEEP, NRDC, and Western Resource Advocates. Nevadans can save more than $14 billion through 2050 by moving from gas-powered cars to electric vehicles (EVs), according to a report released today. EVs can also reduce air pollution, providing an additional $3 billion in benefits for public health
February 5th, 2021 by U.S. Department of Energy Partnerships and Integrated Technologies Maximize Benefits for Grids, Consumers, and Environment Flip a switch and the lights come on. That’s what Americans expect, thanks to an electricity grid that feeds energy from renewable and traditional sources into millions of homes and businesses. The wind turbines starting to
The facility will be located in waters off the coast of Jutland. ah_fotobox | iStock | Getty Images Denmark is to push forward with plans to build a huge artificial island in the North Sea that will act as a major renewable energy hub and cost billions of dollars to develop. The Danish Energy Agency,
February 5th, 2021 by Barry A.F. One of the ways to slow the advance of climate change is to reduce your personal carbon usage. While we can’t efficiency our way to climate neutrality, we can buy ourselves time by slowing the rate of carbon emissions and conservation, as Negawatts are often the cheapest form of
Cryptocurrency mining rigs at a crypto mining farm in Romania. Akos Stiller | Bloomberg via Getty Images LONDON — Bitcoin’s price isn’t the only thing surging lately — the amount of electricity it consumes is also on the rise. The cryptocurrency has for years alarmed experts due to the sheer level of energy required by
February 4th, 2021 by Zachary Shahan SunPower has long been one of the largest, most influential, most popular solar power companies in the United States. In fact, its precursor was a core part of what launched the global solar industry decades ago. It is heavily focused these days on getting solar power installed on American
Silver as a key component in solar panels makes it a better investment than gold for investors who are interested in the metals market, Goldman Sachs‘ commodities chief Jeffrey Currie told CNBC on Thursday. Currie laid out his case in an interview on “Fast Money: Halftime Report,” and it didn’t have anything to do with
February 4th, 2021 by Rocky Mountain Institute Courtesy of RMI. Energy visionary RMI signals an evolution in its ambition and approach to mobilize transformative change at the pace required by the climate crisis. RMI, formerly known as Rocky Mountain Institute, is launching a new brand identity to mark an inflection point in its support of
Royal Dutch Shell products in Torzhok, Russia. Andrey Rudakov | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported a sharp drop in full-year profit as the coronavirus pandemic took a heavy toll on the global oil and gas industry. Shell reported adjusted earnings of $4.85 billion for the full-year