The Waveswing wave energy converter photographed in Scapa Flow, Orkney. EMEC Sea-based trials of a wave energy converter weighing 50 metric tons have produced “highly encouraging results,”...
Tag: Environment
NFT Giant Dapper Labs Lays off 22% of Staff Citing Macroeconomic Environment
Web 3 companies are feeling the crunch of a bear market. The latest one to announce slashing its team size to cope with the deteriorating economic conditions is NFT powerhouse Dapper Labs. Citing the ...
Binance CEO Changpeng Zhao Says Crypto Markets Are the ‘Only Stable Thing’ in Today’s Environment
Changpeng Zhao, CEO of Binance, believes in the stability of crypto amid a global downturn in both the equities and the digital assets markets. In an interview at the Web Summit in Lisbon, Portugal, Z...
Energy sector needs firms with mentality of Tesla to move forward: CEO
The energy sector requires new companies with the mentality of a Tesla or Amazon to push forward in the years ahead, according to the ex-CEO of energy infrastructure powerhouse Snam. “It took a ...
Massachusetts wind power project ‘no longer viable’: developer
Offshore wind farm. davee hughes uk | Moment | Getty Images The developer for a major offshore wind power project in Massachusetts has asked state regulators to pause review of the contract for one mo...
We’ll continue to invest in hydrocarbons: BP CEO
BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm’s strategy was to “to invest in hydrocarbons today, because t...
Oil is all that Putin has left, presidential advisor Amos Hochstein says
Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022. Hussam Shbaro | Anadolu Agency | Getty Images Oil is all Russia’s economy has left following its invasion of Ukraine earlier ...
EU pushes ahead with plan to ban new diesel, gasoline cars
An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to ph...
After Passing Strict Security Scrutiny by SERC, MoonXBT Ready to Start Fintech Environment Testing in Cambodia
Early this month, MoonXBT, the leading crypto social trading exchange, has signed a MOU with Securities and Exchange Regulator of Cambodia (SERC) to promote the development and expedite the adoption o...
Clean energy investment may hit $2 trillion a year by 2030: IEA
Wind turbines photographed off the coast of Wales. Clean energy investment could be on course to exceed $2 trillion per year by 2030, according to the International Energy Agency. Ben Birchall | PA Im...
Introducing CryptoKG, a Cutting-Edge Trading Platform and Competitive Trading Environment
[PRESS RELEASE – Please Read Disclaimer] United Kingdom, October 20, 2022 — CryptoKG, a next-generation crypto exchange platform, aims to bring a wide range of tools to users at every level of experie...
Emissions reductions pledges ‘nowhere near’ what’s needed, UN says
A boat photographed in Turkey. This year’s COP27 climate change summit will look to build on the work undertaken at COP26 in Glasgow. Temizyurek | E+ | Getty Images Countries are not doing enoug...
UK trial will inject hydrogen into a gas-fired, grid-connected power station
An Iberdrola facility photographed in Spain. Europe is looking to develop a number of hydrogen projects over the coming years. Angel Garcia | Bloomberg | Getty Images Hydrogen will be injected into a ...
US Financial Stability Risks Could Materialize, Cites ‘Dangerous and Volatile Environment’ – Economics Bitcoin News
Treasury Secretary Janet Yellen has warned that financial stability risks could materialize in the U.S. Noting that “Inflation remains too high, and we are contending with serious global headwinds,” s...
South Korea, U.S. in working to adjust regulations
Hyundai executives and government officials break ground on the automaker’s new “Metaplant America” in Bryan County, Georgia, on Tues., Oct. 25, 2022. CNBC | Michael Wayland SAVANNAH...
Ford reveals 2023 Escape to sell alongside Bronco Sport SUV
2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive ...
French project aims to supply Europe with lithium
A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to increase the number of electric vehicles on its roads in the coming years. Ronny Hartmann | AFP | Getty Ima...
Police arrest climate protesters over Monet painting incident
Police have arrested two climate activists who threw mashed potatoes at a Claude Monet painting in a museum in Germany to protest fossil fuel production, a stunt which caused no damage to the art. The...
Andreessen Horowitz-backed Apex Space aims to mass produce spacecraft
Co-founders Max Benassi, left, and Ian Cinnamon Apex Space A pair of heavy-hitter startup founders is turning their attention to what they see as a key bottleneck in the space industry, and has alread...
Space race to connect satellites to phones with Apple, SpaceX, AT&T
The race to provide high-speed internet from satellites is well underway – but another, more ambitious competition, to connect directly from space to devices like smartphones, began in earnest earlier...
Yellen warns of ‘dangerous and volatile environment’ as she pledges to bolster Treasury market
““We’ve experienced energy shocks, food shocks, supply shocks, persistent inflation in many countries around the world, rising interests rates in many parts of the world and we have seen some financia...
The $40,000 electric vehicle business tax credit may be easy to get
Electric buses at a charging station. Koiguo | Moment | Getty Images Plus, the tax credit for bigger trucks is worth more money — up to $40,000 in contrast to the $7,500 maximum for passenger cars and...
TeraWatt announces first interstate EV charging network for trucks
TeraWatt site Courtesy: TeraWatt San Francisco startup TeraWatt Infrastructure on Thursday announced it’s developing the first network of electric vehicle-charging centers for heavy-duty and med...
Goldman Sachs CEO Sees Good Chance of Recession — Advises Investors to Be Cautious, Prepare for More Difficult Environment – Coinotizia
The CEO of global investment bank Goldman Sachs, David Solomon, sees a good chance of a U.S. recession. He stressed that the “environment heading into 2023 is one that you’ve got to be cautious and pr...
Goldman Sachs CEO Sees Good Chance of Recession — Advises Investors to Be Cautious, Prepare for More Difficult Environment – Economics Bitcoin News
The CEO of global investment bank Goldman Sachs, David Solomon, sees a good chance of a U.S. recession. He stressed that the “environment heading into 2023 is one that you’ve got to be cautious and pr...
Biden administration awards $2.8 billion in grants for electric vehicle battery manufacturing
Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitl...
Biden’s EV tax credit rules deal ‘astronomical’ blow to business
DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesd...
Biden awards $2.8 billion for electric vehicle battery manufacturing
U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in America, during a visit to the Detroit Auto Show, September 14, 2022. Kevin Lamarque | Reuters The Biden admini...
BMW to invest $1.7 billion in U.S. to produce electric vehicles
BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The investment will include $1 billion to prepare for productio...
U.S. to provide millions in funding for tidal, river current systems
While there is excitement about the potential of renewable technologies such as tidal power, there are challenges when it comes to scaling up. Laro Pilartes / 500Px | 500Px | Getty Images The U.S. Dep...
New project will test the viability of large-scale wave energy
This image shows waters off the coast of Orkney, an archipelago north of the Scottish mainland that’s home to the European Marine Energy Centre. Capchure | Moment | Getty Images A 19.6 million e...