Over the past year, China built more solar plants (217 gigawatts of new capacity) than the United States installed solar power plants (175 GW). However, the Chinese boom highlights the design flaws of the national energy system. According to some energy sector managers, China will have to significantly curtail wind and solar power production this […]
In Germany, France, and Poland, the majority of voters advocate for ambitious climate policies. There is no “broad backlash” against climate action, as often claimed. This is the result of a new survey conducted by the Jacques Delors Centre for European Research at the Hertie School, with around 5,000 respondents in each of the three […]
The European solar industry is reeling. Chinese competitors are flooding the global market with state-subsidized modules at dumping prices, and European suppliers are increasingly losing competitiveness due to falling prices. Europe’s biggest manufacturer, Meyer Burger, threatens to relocate to the United States, which offers attractive subsidies. German manufacturers are also pleading with the German government […]
Can you insure against climate change? Some US insurance companies no longer believe so. In the first US states, they are completely withdrawing from the property insurance market. After climate disasters, many victims are left bearing their costs. Umair Irfan reports from Washington on the consequences for homeowners, communities and state coffers.Should solar geoengineering be […]
Technologies for capturing CO2 from the atmosphere could remain more expensive in the future than observers have previously assumed. Researchers from ETH Zurich have analyzed three technologies for Direct Air Capture (DAC) plants for filtering and storing CO2. By 2050, the cost per ton of CO2 filtered from the air could still be between 230 […]
For the capture and storage of the greenhouse gas CO2 (CCS), there are plans in many countries, but so far, there is no independent business model anywhere. Industrialized countries and the EU do provide subsidies for CCS facilities and sometimes for the transport and storage infrastructure. However, according to industry representatives and analysts, an even […]
The world’s largest planned CCS project for capturing and storing CO2 in Canada is at risk of failing due to uncertainties about government subsidies. According to an analysis by the consulting firm Wood Mackenzie, there are uncertainties about whether promised government support will flow permanently. The pledged subsidies could be “changed at any time during […]
In order to triple renewable energies by 2030, as agreed at COP28, twelve trillion US dollars of investment will be required between 2024 and 2030. This is shown in a new study by Climate Analytics. Currently, investments of 6.6 trillion US dollars are foreseeable by 2030. There is an investment gap of a good five […]
According to a new study, the Atlantic meridional overturning circulation (AMOC) is approaching a tipping point. In the study, researchers from Utrecht University warn of the devastating consequences of this event. The AMOC is an Atlantic overturning circulation that moves large masses of water. It brings large amounts of heat into the northern Atlantic and […]
Ørsted, the world’s largest wind turbine developer, plans to lay off 800 employees and withdraw from the Portuguese, Norwegian and Spanish markets. The Danish company announced the move on Wednesday. The company plans to install only 35 to 38 gigawatts of new wind turbines by 2030. It previously had a target of 50 gigawatts, as […]