In the past decade, wind power capacity has tripled, and it’s projected to double in the decades to come. Wind is now America’s top renewable source of electricity generation, and the domestic offshore industry is finally taking off, as major manufacturers debut ever larger and more powerful turbines. While the industry faces some challenges with permitting, public opposition from various interest groups, and the obvious intermittency issues, there’s no doubt that wind is poised to play a major role in the energy transition. The question is just how fast it will grow.
The meltdown at a nuclear power station in Fukushima, Japan, ten years ago stoked anxieties about nuclear energy. But nuclear is one of the safest, most reliable and sustainable forms of energy, and decarbonising will be much more difficult without it.
Searching for ways to reduce our reliance on fossil fuels, engineers and entrepreneurs are looking to a largely untapped potential source of renewable energy: wave power.
Covid-19 has caused the worst crisis in aviation’s history. Is this the industry’s moment for a green reset—and which technologies offer the best hope?
Norrbotten in Sweden is blessed with natural resources but more recently has been turning heads because of its growing roster of innovative start-ups. We bear witness to the region’s effort to change heavy industries into clean businesses.
Norrbotten County is the northernmost county or län of Sweden. It is also the largest county by land area, almost a quarter of Sweden’s total area.
The U.S. electric grid is outdated. Designed for a world that runs on fossil fuels, our grid needs some major tech upgrades in order to transition to a more distributed, all-renewable system. That means smart, internet connected hardware working in tandem with advanced data analytics software to ensure that supply and demand are balanced, even when the sun isn’t shining or the wind isn’t blowing.
A new generation of investors wants to force businesses to become environmentally-friendly. Even climate conservationists know that money talks, but can green investments really save the world? Green investment rewards companies that use sustainable production practices and protect the environment. At the same time, companies that pollute or contribute to global warming are deprived of funds.
The strategy converts the once secondary issue of the environment into hard, cold cash. Antonis Schwarz is 30 years old — and an investor, philanthropist, and activist. His slogan is “cash against climate change.” Schwarz, like many other wealthy millennials, sees climate change as the key variable when it comes to investing money. These people intentionally put their cash into companies and projects that protect the environment. Schwarz believes that those who are well-off have a special responsibility to follow this strategy. He says, “When you are able to change something and you don’t, you’re complicit. We all have to become fully involved, so we can prevent a climate disaster.”
This philosophy can be summed up with the following question: “What’s the point of having loads of money if it becomes worthless because you’re living on a planet that’s becoming increasingly chaotic?” Institutional investors have more money at their disposal than wealthy private individuals do. Their approach is also changing — and not out of pure idealism. Extreme weather events caused by climate change, for example, are bad for business. They can force corporations to write off billions in damages.
This documentary goes behind the scenes to take a closer look at the financial markets. How well does “impact investing” work? Can investors really move large, powerful corporations to change their strategies? Politicians have so far failed to do precisely that.
Investors have been pouring more money than ever into renewable energies such as solar and wind. WSJ looks at how the pandemic, lower energy costs and global politics have driven the rally–and whether it can last.
A wind turbine, or alternatively referred to as a wind energy converter, is a device that converts the wind’s kinetic energy into electrical energy. Wind turbines are manufactured in a wide range of vertical and horizontal axis.
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened at once.
Photo illustration: Carlos Waters/WSJ