These countries are leading the transition to sustainable energy

Sweden tops the ranking for the third year in a row.

AXEL SCHMIDT/DDP/AFP via Getty Images

What does COVID-19 mean for the energy transition? While lockdowns have caused a temporary fall in CO2 emissions, the pandemic risks derailing recent progress in addressing the world's energy challenges.

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Green jobs now employ 10x more people than fossil fuel

The green market is growing exponentially. But will the U.S. seize the economic opportunity?

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  • The United States green economy now employs 10 times more people than the fossil fuel industry, providing nearly 9.5 million jobs.
  • In the face of a global climate catastrophe, the green economy is destined to keep rising at an exponential rate over the next decade.
  • Rather than seize this golden economic opportunity, the Trump administration has promised to protect coal and mining jobs while eviscerating funds from green energy.
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The world's largest offshore wind farm nears completion—it can power 1 million homes

Part of the U.K.'s push for total wind energy.

Photo by Nicholas Doherty on Unsplash
  • A new project off the U.K. coast could power up to 1 million homes.
  • The wind farm is one of the largest of its kind.
  • Hornsea is the farthest-out-to-sea wind plant in the world.
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European wind farms could meet global energy demand, researchers now say

A new study estimated the untapped potential of wind energy across Europe.

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  • A new report calculated how much electricity Europe could generate if it built onshore wind farms on all of its exploitable land.
  • The results indicated that European onshore wind farms could supply the whole world with electricity from now until 2050.
  • Wind farms come with a few complications, but the researchers noted that their study was meant to highlight the untapped potential of the renewable energy source in Europe.
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Report: Electric cars will soon be cheaper to fuel

The writing is on the wall for the oil industry, according to a new report from BNP Paribas.

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  • The report claims oil companies will need to produce oil at significantly lower prices if they want to stay competitive with renewables.
  • Continuing to invest in oil production represents a multi-trillion-dollar opportunity cost to global society, the report states.
  • As renewable energies are becoming cheaper, so are electric cars, thanks mainly to cheaper and more efficient batteries.
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