Headline News:
- “China Accounts For Nearly Half Of The World’s Renewable Energy Capacity” • With heavy investments in R&D, China has developed innovative technologies to support its rollout of renewables. Government subsidies have helped build a strong EV market. Now, China has nearly half of the world’s renewable energy capacity. [Yahoo Finance]
Wind farm (Master Wen, Unsplash)
- “Brits Face Substantial Energy Bill Increases” • An expected surge in UK energy prices this winter is being described as a national emergency, posing at least as great a financial threat as the coronavirus pandemic. Energy bills are predicted to push a majority of households into fuel poverty, which would strain the rest of the economy. [CNBC]
- “Sky News: No One In Australia Wants Electric Cars” • While Australia holds a summit to discuss car emissions standards, Sky News presenters say that no one wants electric cars. Meanwhile, ordinary citizens are fighting over what is available. Hyundai sold out a delivery of 100 EVs in minutes, and other companies are increasing imports dramatically. [CleanTechnica]
- “Want Lithium From USA? Galvanic Energy May Have Enough For 50 Million EVs” • Galvanic Energy said a third-party resource report “validated Galvanic Energy’s Smackover Formation prospect as one of the largest lithium brine resources in North America, with sufficient lithium to produce enough batteries for 50 million electric vehicles.” [CleanTechnica]
- “Germany Rules Out Delay To Nuclear Phaseout” • German Economy Minister Robert Habeck said that allowing the last three nuclear power stations in Germany to remain operational would be of little help in solving the country’s energy crisis. He said, however, that he was open to extending the lifespan of one nuclear plant in Bavaria. [DW]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
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