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All articles tagged with #renewable energy

UN General Assembly Endorses ICJ Climate Duty, Pushes Global Transition to Renewables
world5 days ago

UN General Assembly Endorses ICJ Climate Duty, Pushes Global Transition to Renewables

The UN General Assembly backed the ICJ advisory ruling that states have a legal duty to protect the environment from greenhouse gas emissions, adopting a resolution urging all member states to curb planetary damage and fulfill Paris pledges, while promoting a rapid, just transition to renewable energy; the vote was 141 in favor, 8 against, 28 abstentions, signaling climate justice as a global, legal-leaning imperative and reaffirming the 1.5°C target as within reach.

via UN News|
#climate-change#icj#paris-agreement
AI’s power play: NextEra-Dominion megamerger could steer America's data-centre future
business8 days ago

AI’s power play: NextEra-Dominion megamerger could steer America's data-centre future

NextEra Energy and Dominion Energy unveiled a $420bn megamerger to consolidate the eastern US electricity grid that underpins the AI data‑centre boom in Virginia’s “data centre alley,” backed by a claimed 130 GW of data‑centre demand. The deal values Dominion at about $76 a share (enterprise value ~ $124bn including $56.7bn debt) and faces a lengthy regulatory path—roughly 18 months—with a $4.8bn break fee if blocked. To ease consumer fears over higher power costs amid the AI infrastructure rush, NextEra has pledged $2.2bn in bill credits for customers in Dominion’s service areas.

via Financial Times|
#artificial-intelligence#business#mergers-and-acquisitions
Geopolitics Drive a New Wave of Investment into Clean Energy
business23 days ago

Geopolitics Drive a New Wave of Investment into Clean Energy

Investors are piling into clean-energy funds at the fastest pace in five years as the Iran conflict heightens energy-security concerns, with global renewable-energy ETFs attracting over $3bn in April and assets rising to about $43bn—the strongest monthly inflows since January 2021. The shift signals a geopolitics-driven push for energy independence, benefiting stocks like Ørsted, Nordex, Acciona, Siemens Energy and GE Vernova, while US names such as NextEra Energy ride demand to expand infrastructure for AI. The S&P Global Clean Energy Transition index has outperformed the Oil index this month, underscoring a move toward renewables as Europe seeks sovereignty and AI-driven grid needs proliferate in the US.

via Financial Times|
#business#energy-security#etfs
National-security pretext narrows wind-farm approvals, stalling 165 projects
us-politics-and-policy23 days ago

National-security pretext narrows wind-farm approvals, stalling 165 projects

The Trump administration cites national security to widen a wind-energy crackdown, stalling about 165 onshore wind projects overseen by the Department of Defense—many mid-negotiation or previously deemed low-risk—potentially halting up to 30 GW of capacity that could power roughly 15 million homes, amid ongoing court battles and broader fossil-fuel incentives.

via Financial Times|
#donald-trump#national-security#renewable-energy
Hormuz Crisis Accelerates Global Move to Renewables
politics1 month ago

Hormuz Crisis Accelerates Global Move to Renewables

Global energy pressures from the Hormuz Strait closure are accelerating a shift to renewables worldwide: Europe is boosting wind, solar, rooftop solar, heat pumps, and even nuclear investments, the UK and Poland are implementing and expanding renewable measures, and China is expanding solar and lithium-battery exports that support EV growth. While the U.S. remains politically divided on energy policy, market trends and expert forecasts suggest a longer‑term move toward energy independence from fossil fuels as oil prices spike and energy security concerns rise.

via Rolling Stone|
#energy-security#europe-energy-transition#iran-war
Data centers strain grids as states race to hit clean-energy targets
energy1 month ago

Data centers strain grids as states race to hit clean-energy targets

Nevada’s largest utility warns that proposed data centers could triple Las Vegas’s electricity load and likely require fossil-fuel generation, threatening the state’s goal of 50% renewable power by 2030. The expansion is part of a broader national trend where data-center demand challenges utilities’ ability to sustain long-term decarbonization, with North Carolina revising plans to keep coal and add gas plants and NextEra Energy dropping a zero-emissions target due to power demand. Some centers, like Las Vegas Switch, operate on their own renewable setups, but many rely on gas-fired generation or diesel backups, fueling regulatory and legislative debate over mandatory clean-energy funding and load responsibility for data centers. Regulators plan a forthcoming report to outline how to balance growth with climate goals.

via PBS|
#clean-energy-goals#data-centers#energy
Trump Bets on Fossil Fuels, Pays to Abandon Offshore Wind
politics2 months ago

Trump Bets on Fossil Fuels, Pays to Abandon Offshore Wind

Interior will reimburse TotalEnergies up to $928 million to renounce two offshore wind leases (Attentive Energy in the New York Bight and Carolina Long Bay off North Carolina) and reinvest the funds in oil and gas, a move framed as steering away from renewables; meanwhile, the Coastal Virginia Offshore Wind project began delivering power to the grid, showing wind progress even as the administration pivots toward fossil fuels.

via gizmodo.com|
#offshore-wind#oil-and-gas#politics
War Tests Renewables Bets Across the Middle East, Country by Country
world2 months ago

War Tests Renewables Bets Across the Middle East, Country by Country

The war in the Middle East has underscored renewables’ value while revealing divergent national paths: oil exporters like Saudi Arabia, the UAE and Qatar push large renewable deployments even as they expand fossil-fuel infrastructure; energy-importing countries such as Turkey, Jordan and Morocco invest in solar and wind to cut costly imports, though inflation and tight finances threaten new projects; Iraq faces fiscal strain with limited renewable capacity, and conflict-damaged energy infrastructure in Yemen, Libya, and Syria worsens energy access. The situation also shapes the COP31 agenda, highlighting that transitions will be country-specific, driven by dependence on fossil fuels, fiscal health, and governance.

via The Conversation|
#energy-transition#middle-east#oil-prices
China Poised to Weather Energy Shocks With Stockpiles and a Smart Grid
energy2 months ago

China Poised to Weather Energy Shocks With Stockpiles and a Smart Grid

China could ride out a global energy crisis and potentially gain geopolitical leverage thanks to its massive onshore oil stockpiles (about 851 million barrels), ongoing oil flows from Iran, and a long-term push to a resilient 'supergrid' and renewable energy buildout that reduces reliance on imports and cushions the impact of Hormuz disruptions.

via Crude Oil Prices Today | OilPrice.com|
#china-energy-security#energy#renewable-energy
Floating Gyroscopes Could Unlock Half of Ocean Wave Energy
technology2 months ago

Floating Gyroscopes Could Unlock Half of Ocean Wave Energy

A new theoretical model proposes a floating gyroscopic wave energy converter that could, by tuning the spinning flywheel and generator resistance to match changing waves, achieve up to 50% efficiency in converting wave energy to electricity. Simulations back the math, but real‑world testing and the device's energy cost are still unaddressed; researchers plan experiments and optimal control studies, with publication in the Journal of Fluid Mechanics (2026).

via ScienceAlert|
#energy-efficiency#gyroscope#ocean-engineering
world2 months ago

Renewables Reframe Europe’s Security and Prosperity, Says UN Climate Chief

UN Climate Change Executive Secretary Simon Stiell told a Brussels audience that fossil-fuel dependence undermines national security and sovereignty, raising costs and vulnerability to geopolitics, while renewable energy offers cheaper, safer, and more resilient growth that creates jobs. He highlighted Europe’s €420 billion fossil-fuel costs in 2024 and last summer’s €43 billion in climate losses, noted that over $2 trillion has been invested in clean energy, and argued renewables’ rise—overtaking coal as the world’s top electricity source—gives Europe a path to secure energy, lower bills, and stronger growth through continued climate leadership and cooperations ahead of COP timelines.

via UNFCCC|
#climate-change#economy#energy-security