Energy

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Decarbonization of the industry: Thermal Energy Storage increasingly credible

Energy / By

As the world grapples with the urgent need to reduce carbon emissions, the power industry is at the forefront of this transformation. One of the most promising technologies aiding this transition is Thermal Energy Storage (TES). By storing thermal energy for later use, TES provides a reliable and flexible solution to balance supply and demand, …

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Increasing employment in renewables: almost half are in China

Energy, World Economy / By

In line with the increasing deployment of renewable energy projects worldwide, jobs in the sector are also surging — and China is far and away the top employer within the space. According to the International Labor Organization’s Renewable Energy and Jobs Annual Review 2022, there were 12.7 million jobs in renewable energy in 2021, with …

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A possible future for transport vessels

Commodities & Shipping, Energy / By

In its bid to combat climate-polluting emissions, the maritime industry has adopted all manner of cutting-edge technologies, from hi-tech alternative fuels to new and increasingly advanced ship engines. But the latest advancements in the sector have seen innovators turn the dial back to rely on a trusted ancient resource – wind energy. While seafarers first …

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Corporate devices are bigger climate polluters than data centers

Energy, Trade & Finance / By

While they are at the heart of the cloud revolution currently unleashing the potential of the internet, data centers are also notorious climate polluters. The sector has received immense scrutiny for years due to its resource-gobbling operations and significant concerns over the ecological impact it has on local communities. However, a recent report by McKinsey …

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Green Economy: how international investments are financing renewable energy projects

Energy, Trade & Finance / By

After a minor COVID-induced drop, global energy investments rebounded to pre-pandemic levels in 2021 ($1.9 trillion) – an increase of 10% over 2020 – reports the International Energy Association (IEA). And in what will be music to the ears of policymakers and green energy advocates, much of the investment attention shifted from traditional fuel production …

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