The Biden administration has finalized a major rule change that raises the bar for real estate developers who want newly built homes to qualify for U.S. government-backed loans, laying the groundwork for a massive overhaul in the way Americans build houses. Regulators issued a final determination Thursday that the breakthrough energy codes that dramatically increased … Read more
President Joe Biden netted billions in his landmark climate-spending law to revive solar manufacturing in the United States — prompting the Korean panel giant Qcells last year to invest $2.5 billion into building the country’s largest photovoltaic factory in Georgia. As the assembly line revs up this month, so does the federal government’s support. Last … Read more
The BlackRock logo is seen outside of its offices in New York City. Brendan McDermid | Reuters BlackRock estimates that the world’s green energy transition will require $4 trillion annually by the mid-2030s, calling for more public-private partnerships, especially in Asia-Pacific. The forecast comes from BlackRock’s latest “Investment Institute Transition Scenario,” which analyzes how the … Read more
Conceptual image of green server room. Imaginima | Istock | Getty Images Southeast Asia saw a significant uptick in green investments in 2023, with a boost from green data center projects, though funding remains insufficient, according to a report released Monday. The analysis, conducted by Bain & Company, GenZero, Standard Chartered and Temasek, found that … Read more
Chinese flag on a background of coal. Andrzej Rostek | Istock | Getty Images The world added more coal power capacity last year than any year since 2016, with China driving most growth and future planned capacity, according to new research. A report by Global Energy Monitor released Thursday found that net annual coal capacity … Read more
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“Just like we do research with corn, wheat, soybean, getting these plants to be more efficient in taking up nutrients—nitrogen, phosphorus, potassium—well, there needs to be this research that goes into understanding the mechanisms of metal hyperaccumulation,” says McNear. “And then enhancing that, whether it be through gene editing or whatever.” ARPA-E is eying a … Read more
Pradip Kumar Das, Chairman and Managing Director of IREDA, highlighted the significant growth the organization has witnessed in the renewable energy sector over the past three years. He emphasized that while solar energy has been a major focus, with a substantial increase of 28 times, the loan portfolio in this sector has slightly decreased to … Read more
The reason for the Jones Act’s longevity, says Colin Grabow, a research fellow at the Cato Institute, a libertarian think tank, is that while it tends to benefit only a few people and businesses, the act goes unnoticed because there are many payers sharing the increased costs. The Jones Act is one in a string … Read more
A Tesla Inc. Model 3 long range electric vehicle charges at the Tesla Supercharger station in Kettleman City, California, U.S., on Wednesday, July 31, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of electric vehicle makers and Tesla‘s Asia suppliers tumbled on Thursday after the EV maker missed fourth quarter revenue and profit … Read more
Thousands of Australians will be eligible for home upgrades with the NSW government’s $200 million push to make more homes energy efficient. Draught-proofing, proper insulation, heat pump hot water systems, ceiling fans, reverse cycle air conditioners, and solar will be available to 24,000 NSW residents under the scheme announced on Tuesday. Subsidised solar will also … Read more
