Oil climbed Friday, surpassing the high set earlier this week and notching a fresh 13-month peak. West Texas Intermediate crude hit $59.74 a barrel on Friday, its highest level since January 2020, a promising sign as the industry grapples with depressed demand during the coronavirus pandemic. However, after a 23% rally so far this year,
Environment
Elon Musk says the No. 1 way to decrease carbon dioxide emissions would be to levy a tax on carbon. “My top recommendation, honestly, would be just add a carbon tax,” Musk told Joe Rogan on The Joe Rogan Experience podcast on Thursday. “The economy works great. Prices and money are just information. … If
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 clean energy available (and the least
A recent report from Greener, a Brazilian consultancy, showed that Brazil imported 4.76 gigawatts (GW) of solar PV module capacity last year. Domestic photovoltaic (PV) module producers had a minor 3.8% market share, with approximately 190 megawatts (MW) of the year’s shipped modules. Greener also noted that prices for distributed generation PV systems rose by
Vestas, the Danish wind turbine company, announced this week that it has developed a new offshore wind turbine designed specifically for use in typhoon-prone areas. As the name implies, the company’s V236-15.0 MW will produce 15 megawatts of electricity — the highest output of any offshore wind turbine in the world. The next closest is
The world’s biggest carbon-emitting nations are falling well short of peers in efforts to tackle a “global climate emergency,” according to new research. The Green Future Index, released late last month by MIT Technology Review, measures and ranks 76 nations and territories on their progress toward building a low carbon future. It showed China and
Green Genius, a renewable energy company that is a part of an international group of companies known as the Modus Group, has sunny ambitions for Poland. At the end of last year, it won two auctions for solar power plant projects with a total capacity of 79 megawatts. Along with these, the company plans to
This image shows how the development in Milan, Italy, could look once complete. From its cavernous medieval cathedral to the elegant beauty of La Scala, the Italian city of Milan is home to some of the world’s most interesting buildings. While the aforementioned structures date back hundreds of years — La Scala was inaugurated in
A Shell tanker truck delivers fuel to a gas station, operated by Royal Dutch Shell Plc., in Rotterdam, Netherlands. Jasper Juinen | Bloomberg | Getty Images LONDON — Oil major Royal Dutch Shell on Thursday outlined the details of its near-term and long-term plans to transition to cleaner energy, saying its oil production and total carbon
This image shows wind turbines from Vestas in use at a facility in Russia. Valery Matytsin | TASS | Getty Images Vestas announced plans for a 15 megawatt (MW) offshore wind turbine on Wednesday, with the Danish firm hoping to install a prototype next year before ramping up production in 2024. According to the Aarhus-headquartered
This photo, taken in the U.K. on December 18, 2020, shows the back of a Nissan Leaf electric vehicle. Ian Forsyth | Bloomberg | Getty Images The CEO of Nissan reaffirmed the importance of electric vehicles to the carmaker’s future on Tuesday, telling CNBC that his company would be “building (on) our strengths to electrify
A report released Tuesday shows the emissions from use of fossil fuels is responsible for one in five deaths around the world — significantly more than was previously thought. The study shows that burning fossil fuels have dire implications for the health of human beings, in addition to being a major contributing factor in climate
A few days ago, I opened up the Jackery Explorer 1000 Solar Power Station and did some initial testing and setup. You can get a lot more detail there, but in short it’s two 100w solar panels, a 1 kWh battery, and an inverter that can put out up to 1000 watts. It worked pretty
An employee of the ‘Total’ oil refinery stands in front of a large tank with the company’s logo in Leuna, Germany. Waltraud Grubitzsch | picture alliance via Getty Images LONDON — France’s Total on Tuesday reported a massive drop in full-year profit, following a tumultuous 12 months in which commodity prices collapsed amid the coronavirus
As Jennifer Sensiba and others have been pointing out recently, rural areas need electric vehicle charging stations too. Electrify America is stomping across the country building out a large ultrafast charging network, and it has clearly learned a great deal about these needs and the challenges serving these needs in the process. One challenge in
Wind turbines in waters off the coast of Kent, England. Chris Laurens/Construction Photography/Avalon | Hulton Archive | Getty Images The European offshore wind sector attracted over 26 billion euros (around $31.7 billion) of investment last year, a record amount, according to the latest figures from industry body WindEurope. In an announcement Monday, the Brussels-based organization