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The International Energy Agency reported that at the end of 2018, the world used the same amount of renewable energy sources as at the end of 2017. The index, which for the first time since 2001 showed zero growth, was at around 180 gigawatts. IEA experts indicate that this volume is not sufficient to achieve long-term economic goals, as it makes up only 60% of the target indicators. The goals require the annual addition of about 300 gigawatts of renewable energy until 2030. It is noted that along with the increase in demand for renewable sources in the world, the demand for oil and gas is also growing. In 2018, CO2 emissions increased by 1.7%, reaching a record 33 gigatons. According to the IEA, over the past four years, the growth in the use of wind energy has slowed, but the growth in the use of solar energy has increased. Experts note that renewable energy sources are becoming the cheapest option for many markets due to cost reduction, which makes it possible to expect their sustainable growth in the future.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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