Falling costs of electric vehicles and solar panels could halt worldwide growth in demand for oil and coal by 2020, a new report has suggested. A scenario that takes into account the latest cost reduction projections for the green technologies, and countries’ pledges to cut emissions, finds that solar power and electric vehicles are “game changers” that could leave fossil fuels stranded.
In a future where the world’s car fleet is rapidly transitioning to electric vehicles, gas stations will be forcefully downgraded to simple convenience stores and consequently, they will lose a significant revenue stream brought in by people stopping for gas but buying something at the convenience store.
U.S. solar employs more workers than any other energy industry, including coal, oil and natural gas combined, according to the U.S. Department of Energy’s second annual U.S. Energy and Employment Report. 6.4 million Americans now work in the traditional energy and the energy efficiency sector, which added more than 300,000 net new jobs in 2016, or 14 percent of the nation’s job growth.
Half of today’s car owners will not want to own a vehicle and more and more will want self-driving and electric cars in future, a survey of car manufacturing bosses has found. As fewer people see the need to buy a car, a majority of automotive executives believe the industry will increasingly focus on making money from peripheral digital services to be used with their vehicles.
China is planning some serious upgrades to its public transportation system in the next few years. By 2020, the country hopes to have increased its high-speed railway coverage by 18,650 miles. The project will cost an estimated 3.5 trillion yuan, or about $503 billion USD. Not only will the population be more mobile, but the rails will significantly cut down on carbon emissions and air pollution.
Continue reading… “China spends over $500 billion to expand high-speed rail”
At this rate, just about every man-made surface there is could be covered in solar panels in the future. Yesterday, Tourouvre-au-Perche, a small town in northern France, opened what is likely the first road paved in solar panels in the world, the Guardian reported.
The energy storage industry has grown to become a $100 billion market, projected to reach $250 billion by 2040. This massive valuation is due, in part, to more than 50% of consumer energy bills being attributed to peak hour charges. Noticing the need to make energy usage more affordable and efficient, paired with a passion to improve the planet, one entrepreneur launched a company aimed at transforming the way we use energy.
In 2017, the list of predictions for what will cost more is long. You’ll even spend more without even leaving home, as rent and house prices are expected to increase.
The United Parcel Service (UPS) recently announced their first e-bike delivery program in the United States. Continuing wide-ranging sustainability efforts, the company chose Portland, Oregon to host their environmentally-conscious program.
On Thursday in Salt Lake City, the Nikola Motor Company unveiled the Nikola One, the world’s first hydrogen fuel-cell electric freight truck. The full-scale, zero-emission semi will offer a range between 800 and 1200 miles, and produce 1,000 horsepower, about twice that of an average diesel truck. The company also claims it will operate at half the cost of a comparable diesel truck.
Is it a power station or a public art installation? Well, this shimmering piece of architectural wonder, called “The Pipe,” might just blur the lines between the two.
Bitcoin is one of the most revolutionary ideas to come out of the tech world. A whole new form of currency was created from nothing, but people are now using it to buy everything from coffee to electronics.