Climate Change
⚡ Baseload Capital to invest $60 million in geothermal energy - IKEA and Bezos among investors
Baseload Capital secures $60 million in a Series B funding round. Geothermal energy is a renewable energy source that can deliver electricity, heat, and cooling 24 hours a day, all year round.
🏝️ Several atolls are growing despite rising sea levels
Scientists have discovered that many coral islands are growing or maintaining their size despite rising sea levels. Over 1000 islands have been studied and shown surprising resilience to sea level rise.
🏭 Wind and solar energy produce more electricity than coal in the US
Wind and solar energy generated more electricity than coal in the USA during the first seven months of the year. In the USA, almost twice as much solar energy will be added compared to last year.
🌞 Solar and wind surpass fossil fuels in EU electricity production
Wind and solar power generated 30% of EU's electricity during the first half of 2024. For the first time, 13 EU countries produced more electricity from wind and solar than from fossil fuels.
🌅 Wind and solar energy surpass coal power in China
China's combined capacity for wind and solar power has for the first time exceeded coal. Solar energy is expected to surpass coal as China's primary energy source by 2026. China has reduced new coal power projects and is focusing on phasing out smaller coal power plants.
🍲 Food begins to be produced from air and solar power
Finnish Solar Foods has started production of protein from carbon dioxide and electricity. The factory can produce 160 tons of food per year. The Solein protein can be used in meat alternatives, cheese, and milkshakes.
📉 C02 emissions from energy in advanced economies at lowest level since 1974
Emissions in advanced economies fell by 4.5% during 2023. At the same time, GDP in advanced economies grew by approximately 1.7%. Coal use in advanced economies is down to the same level as in 1900.
🏭 Has China’s CO2 emissions peaked? New stats suggest so
China’s CO2 emissions decreased by 3% in March. Solar and wind covered 90% of the growth in electricity consumption, reducing the share of fossil fuels in electricity production. With the rapid increase in EVs, structural changes are occurring, suggesting that emissions may have peaked in 2023.
🐮 Volta Greentech's new feed supplement reduces methane emissions from cows - secures $3 million investment
Volta Greentech secures $3.2 million to develop the second generation of the feed supplement Lome. The new supplement reduces greenhouse gas reduction costs by ten times. The company aims for a large-scale launch in 2026.