Global investment in renewable energy continued its upward trajectory last year, raising the proportion of world electricity generated by green sources like wind, solar, biomass and geothermal to a new high, says a new report. A record 157 gigawatts of renewable power were commissioned last year, up from 143 gigawatts in 2016 and far out-stripping the net 70 gigawatts of fossil-fuel generating capacity added (after adjusting for the closure of some existing plants) over the same period, revealed the Global Trends in Renewable Energy Investment 2018 report, released on Thursday by UN Environment, the Frankfurt School-UNEP Collaborating Center and Bloomberg New Energy Finance. Last year was the eighth in a row in which global investment in renewables exceeded $200 billion (€163.2 billion), the report states, adding that since 2004, the world has invested about $2.9 trillion in green energy sources. The lion's share of this investment went … [Read more...] about China leads in global shift to renewable energy
United states atomic energy commission
China has been ranked as the world's number one 'Big Brother' state in its use of biometric data by a new study. The country has built a massive database with personal information belonging to residents and tourists using state surveillance empowered by artificial intelligence. Because there is no law to protect citizens' biometrics, the Chinese government has been able to use the sensitive material on an 'extensive' and 'invasive' manner, researchers warn. China's 1.4 billion population are set to be carefully watched by 626 million street monitors - many having facial-recognition functions - as early as next year. Pictured, facial-identification technology is being showcased in Smart China Expo in Chongqing on August 27 RELATED ARTICLES Previous 1 Next China's Ambassador to the U.S. says a new 'Berlin Wall' is... Shocking aerial pictures show the devastating scenes at a... Man, 22, tries to smuggle 2.2lbs of gold by sticking the... Hong Kong … [Read more...] about China ranks top of the world’s ‘Big Brother’ states for its ‘extensive’ and ‘invasive’ use of biometric data belonging to citizens and tourists
Ed Miliband, the younger brother of the foreign secretary David Miliband, is to lead a newly created department of energy and climate in a move that signals a major rethink of the government's environment policy and reflects the rise of climate change to the top of the national and international environment agendas. With the move of John Hutton, the government's leading advocate of new coal-fired power stations and nuclear power, to the position of defence secretary, the government has paved the way for more integrated energy and environment policy. Industry and environment departments have long been at odds with each other, leading to political embarrassments and charges that different parts of government were pulling in different directions. Government insiders said the department was restructured because of the rising political importance of energy prices and efficiency, the need for one department to take the lead in negotiations for a new international climate treaty next year, … [Read more...] about Ed Miliband named as head of new climate and energy department
Oil prices have been on a wild ride for the past few years. In inflation-adjusted dollars, the annual average price went from $31 (€25) in 2002 to nearly $76 in 2007, $104 in 2008, $61 in 2009, $96 in 2013, and way back down to $37 in 2016. These numbers beg the question: What drives oil prices? It turns out that several factors have historically driven oil prices. These include production costs, geopolitical risk (wars or the threat of wars in oil-rich regions), and mismatches in supply and demand. Sometimes mismatches are caused deliberately, for example, when a cartel of producers gets together to cut back crude oil production in order to drive prices up. Two new price-forming variables in play Now, however, two additional factors have emerged that will have a profound impact on oil prices in the future: Improvements in technology are lowering the cost of shale oil production in the US and elsewhere, and electric vehicles (EVs) are emerging as viable substitutes for cars … [Read more...] about Are petro states doomed to economic catastrophe?
Britain has been accused of trying to wreck Europe's plan to tackle climate change by lobbying to remove aviation from renewable energy targets. Leaked documents from the council of the European Union show that the UK is exerting strong pressure on other EU governments. The argument being used is that biofuels made from plants or algae will not be ready for use as commercial aviation fuel until after 2020. EU leaders pledged last year to generate 20% of all energy from renewable sources but if aviation, which contributes up to 9% of all greenhouse emissions in Europe, is omitted from the EU calculations at a meeting of energy ministers next week, it will significantly reduce the overall target and make it harder to tackle climate change. Last night, in an unusual move, an adviser to the EU Industry Committee openly stated that British civil servants were leading the attempt by several countries including Cyprus, Italy and Malta to undermine the EU's renewable energy commitments. … [Read more...] about UK accused of ‘sabotaging’ Europe’s green energy plans