The green market is growing exponentially. But will the U.S. seize the economic opportunity?
- 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.
Part of the U.K.'s push for total wind energy.
A new study estimated the untapped potential of wind energy across Europe.
- 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.
The writing is on the wall for the oil industry, according to a new report from BNP Paribas.
- 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.
Lake Turkana Wind Power is expected to produce enough electricity to power 330,000 local homes.
- The new wind farm is located in a remote part of Kenya with strong winds.
- Kenya is leading Africa in terms of renewable energy and hopes to soon cease its reliance on fossil fuels altogether.
- Globally, China represents the biggest market for wind power.