The precipitous drop in costs for renewable energy technology-even from prices a few years ago-means that carbon emissions may decrease faster and hit the targets earlier than those envisioned by the Paris Climate Agreement.
The U.S. has broken its own energy record: 10 percent of all electricity generated in the country in March came from wind and solar power, according to a recent report from the U.S. Energy Information Administration. The number is up from last year, in which wind and solar power generated an annual average of seven percent…
Hungary’s environmental agenda has taken one step forward and one step back. The government just announced plans to subsidise electric cars, but at the same time is blocking the installation of new wind turbines. It will give a grant of up to 21 percent of the purchase price of a electric car aiming to get 30,000…
According to the International Renewable Energy Agency (IRENA), 8.1 million people were working in the renewable energy sector at the end of last year. That’s an increase of 5% over the previous year. Those numbers do not include the estimated 1.3 million people working in large-scale hydropower, which is not always counted among renewables. To put that in perspective, there are roughly 8 million people in the US working in the financial sector.
The increase stands in marked contrast to the oil and gas sector which has seen job losses. In the US, renewable jobs grew by 6% while oil and gas employment dropped by 18%. China, the world’s largest economy, now employs 3.5 million in renewables as opposed to 2.6 million in oil and gas.
It’s around the size of a ceiling fan and costs about the same price as a new Apple iphone.
But this wind turbine can generate three to five kilowatt hours of electricity daily – enough to power a home.