Renewable Energy
The energy transition will fail unless industry fixes wind power issues, Siemens Energy CEO says
Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022. Paul Ellis | AFP | Getty Images The CEO of Siemens Energy on Wednesday argued that the energy transition would fail unless his industry addressed a number of issues currently facing the wind power sector. In an interview with CNBC’s […]
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In Australia, firms plan ‘super hub’ to produce green hydrogen using wind and solar
This image shows part of a green hydrogen facility in Spain. A number of major economies, including the EU, are looking to develop green hydrogen projects in the coming years. Angel Garcia | Bloomberg | Getty Images Plans for an Australian “super hub” focused on the generation of wind, solar and green hydrogen are taking […]
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The ‘world’s largest floating wind farm’ produces its first power
Offices of Equinor photographed in Feb. 2019. Equinor is one of several companies looking at developing floating wind farms. Odin Jaeger | Bloomberg | Getty Images A facility described as the world’s largest floating wind farm produced its first power over the weekend, with more turbines set to come online before the year is out. […]
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UK’s first large-scale lithium refinery chooses location as race for ‘white gold’ intensifies
A lithium-ion battery photographed at a Volkswagen facility in Germany. Lithium-ion batteries are crucial components in electric vehicles. Jan Woitas | Picture Alliance | Getty Images LONDON — A facility described as the U.K.’s “first large-scale lithium refinery” will be located in the north of England, with those behind the project hoping its output will […]
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Autos giant Renault is betting the market for gasoline cars will continue to grow
Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant. On Tuesday, it was announced that the Renault Group and Chinese firm Geely had signed a non-binding framework agreement to establish a company focused on […]
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Ex-Obama advisor says global events are overshadowing climate change efforts: ‘We are not acting swiftly enough’
The COP27 climate conference represents an opportunity to move forward, but a significant ramping up of efforts will be required in the years ahead, according to a former special assistant to President Barack Obama. Speaking at CNBC’s Sustainable Future Forum last week, Alice Hill was asked if she was optimistic or very concerned about the […]
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We’re on a ‘highway to local weather hell,’ UN main Guterres suggests, calling for a world wide section-out of coal
U.N. Secretary-Standard Antonio Guterres talking at the COP27 weather change summit in Sharm El-Sheikh, Egypt. “We are on a highway to weather hell with our foot still on the accelerator,” he explained to attendees. Gehad Hamdy | Photograph Alliance | Getty Photographs The United Nations secretary standard issued a stark warning Monday, telling attendees at […]
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Taxation is a blunt instrument, IATA main Willie Walsh says: ‘The carrot is considerably more efficient than the stick’
The aviation sector demands much more carrot and considerably less adhere likely ahead to turn out to be a lot more sustainable, in accordance to the director typical of the Worldwide Air Transport Association. Speaking at CNBC’s Sustainable Long term Discussion board on Friday, Willie Walsh was asked if subsidies and tax breaks to stimulate […]
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It’s a ‘wild west out there’: CEO says regulation needed to keep firms in line on sustainability
The last few years have seen huge swathes of companies make net-zero commitments and other sustainability-related goals. Shansche | Istock | Getty Images Companies need regulation and greater accountability to ensure they’re meeting goals related to sustainability, according to the CEO of SDG Monitor, a firm focused on measuring performance in that area. Speaking during […]
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A submerged buoy-like device is harnessing the sea’s ‘epic amounts of energy’ in Scottish trial
The Waveswing device pictured before it was put through its paces in Scapa Flow, Orkney. Sea-based trials of a wave energy converter weighing 50 metric tons have produced “highly encouraging results,” according to the company behind its development. On Tuesday, Scotland-based AWS Ocean Energy said the average amount of power its device was able to […]
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