Ireland failed to comply with regulations requiring simplified planning procedures for renewable energy developments, which include setting clear time limits for permit-granting processes.
Brics now counts 11 member states, including Indonesia, representing half the world's population and 40% of the global economy, outpacing the G7 by $20tn.
Many businesses assume renewable energy is too expensive, focusing on initial costs without realizing potential long-term savings. Flexible financing, like Power Purchase Agreements, make renewable energy financially viable.
Submerged in about 40 meters of water off Scotland's coast, a turbine has been spinning for more than six years to harness the power of ocean tides for electricity - a durability mark that demonstrates the technology's commercial viability.
The Republican-controlled US Congress has passed a budget bill that includes cuts to social programs like Medicaid and more funding for Immigration and Customs Enforcement (ICE), alongside provisions that discourage wind and solar energy production.
"Riot mined 450 bitcoin in June, which also represented the start of ERCOT's Four Coincident Peak ("4CP") program," stated the CEO of Riot, Jason Les. "Riot's power strategy, which includes economic curtailment and voluntary participation in the 4CP and other demand response programs, significantly contributes to grid stability while enhancing Riot's competitive positioning."
"This is a bill to punish renewables," says Costa Samaras, a professor of civil and environmental engineering at Carnegie Mellon University. "There is a real need to add clean energy supply to the grid-electrifying our cars, electrifying our homes, electrifying our buildings, electrifying our factories, and the demands from AI are all going to require new clean energy. What this bill does is make it harder and more expensive."
While any reduction in energy bills is welcome, we must not let small fluctuations in the price cap mask the bigger picture. Households are still paying far more for their energy than they were before the pandemic, with the current outlook showing little prospect of a meaningful drop over the next few years. Our reliance on international energy markets means that while we have a range of supply sources, this brings with it a vulnerability to global events and price shocks - something that was evident in June.