This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underway at all, have become major talking points in recent years. How the transition — which can be seen as a shift away from fossil fuels to a system …
An aerial shot of the Severn Estuary from 2010. Jamie Cooper | Sspl | Getty Images An independent commission in the U.K. is to revisit the possibility of using the Severn Estuary, a large body of water between England and Wales, to harness tidal energy. The commission will be set up by the pan-regional Western Gateway Partnership, which covers western …
LONDON — The ramifications of the Industrial Revolution, which had its roots in 18th-century Britain, were huge. Britain’s abundance of coal — as well as the ease with which it could be accessed — was a crucial ingredient in this historical turning point, powering the steam engines which helped drive society’s transformation. But things have changed. The number of operational …
Offshore wind turbines in waters near Aberdeen, Scotland. Gannet77 | E+ | Getty Images The Scottish offshore wind sector received a boost this week after a program to lease areas of Scotland’s seabed for wind farm developments raised just under £700 million (around $952 million). According to Crown Estate Scotland — a public corporation which manages the country’s coastline and …
As technology develops, the size of wind turbines is getting bigger. Owaki/Kulla | The Image Bank | Getty Images Plans for three major offshore wind developments in Australia have been announced, with two of them set to incorporate floating wind technology. In a statement Wednesday, Madrid-headquartered BlueFloat Energy said it was looking to develop the projects with advisory firm Energy …
Wind turbines and solar panels in Kayseri, Turkey. temizyurek | E+ | Getty Images The world is set to add nearly 290 gigawatts of renewable power capacity this year, according to the International Energy Agency, with the Paris-based organization expecting 2021 to “set a fresh all-time record for new installations.” Published on Wednesday, the IEA’s Renewables Market Report forecasts that …
Bill Gates photographed at the COP26 climate change summit in Glasgow, Scotland, on November 2, 2021. EVAN VUCCI | AFP | Getty Images LONDON — Bill Gates appears to have cast doubt on whether the world will be able to keep global warming to 1.5 degrees Celsius, providing a sobering reminder of how much work needs to be done if …
The growing supply of environmental, social and governance-related exchange-traded funds won’t be enough to meaningfully mitigate broad issues such as climate change, Van Eck Associates’ CEO says. “ESG is good as a coherent investment approach on a fund-by-fund basis to make a difference and it’s good signaling, but to put it in perspective, it’s not going to change the end …
Lignite mining taking place in Germany with wind turbines in the background. delectus | iStock | Getty Images The International Energy Agency issued a sobering warning Wednesday, claiming that clean energy progress remained “far too slow to put global emissions into sustained decline towards net zero.” The Paris-based organization made its remarks in an announcement accompanying the release of its …
Environmental, social and governance investing is making a big splash in the world of indexing. BlackRock’s iShares has predicted investment in the space will grow to $1 trillion by 2030. It’s already on track for a record year in 2021, with over $21 billion in inflows just in the first quarter. The world’s largest index provider also has big plans. …
