In its Annual Energy Outlook 2021 (AEO2021), the U.S. Energy Information Administration (EIA) projects that the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050. Wind and […]
Last week we argued in Oilprice.com (“Can Renewables Become As Profitable As Oil and Gas?”, January 5, 2021) that oil companies could not maintain their expected levels of profitability by investing massively in renewable energy […]
OSLO: The Norwegian seas could accommodate 40 gigawatts (GW) of offshore wind capacity by 2050, or 10% of Europe-wide targets, but this requires government support, an alliance of Norwegian oil and renewable energy firms, said on Tuesday. […]
BEIJING: China is expected to use 6-7% more electricity in 2021 than last year, the China Electricity Council (CEC) forecast on Tuesday, despite concerns over a new coronavirus outbreak disrupting industrial activity. China, the world’s […]
The share of renewables in European energy production in 2020 increased to 38 percent, overtaking fossil fuels (which fell to 37 percent) for the first time. Europe has marked this as an important moment in […]
Biden has ordered the federal government to buy electric vehicles made in America with union labor. There’s just one problem: No such vehicles exist. Tesla Inc., the leading U.S. electric vehicle manufacturer, has several American-made […]
Saudi Arabia wants to emulate Germany’s success with renewable energy and be a pioneer in hydrogen production, as the world’s biggest exporter of oil seeks to diversify its economy. “We will be another Germany when […]
BERLIN — Oil and gas giant Shell is buying ubitricity, a major provider of electric vehicle charging points in Europe. Shell said Monday that it would buy a 100% stake in the Berlin-based startup, without […]
We have to wait a few weeks to see just how green President Joe Biden’s stimulus plan turns out to be. But we’re already in the middle of an unplanned green investment boom. It will end […]
The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels. The investments in the transition to a low-carbon […]
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