- Oil could converge to about $15 per barrel by the early 2040s when electric vehicles are expected to take a larger share, implying fossil fuels’ much shorter life span as the main fuel for transportation, according to an International Monetary Fund research paper. Renewable technology seems to have reached tipping point due to massive investments. [Gulf Times]
- The Renewable Energy and Jobs – Annual Review 2017 report from the International Renewable Energy Agency showed that 9.8 million people work in renewable energy worldwide. Solar PVs provide jobs to 3.1 million people globally. The solar and wind employment sectors have more than doubled over the past four years. [pv magazine]
- For the third year in a row, Three Mile Island failed to secure a crucial contract to sell its electricity, increasing the possibility that the plant will soon close. Exelon will decide by September whether to shut the plant down ahead of schedule. Another Exelon nuclear plant, Quad Cities, in Illinois, also failed to secure a contract. [York Daily Record/Sunday News]
- The Neo-Carbon Energy research project enables production of synthetic fuels straight from the air. The solution is built on carbon dioxide capture, water electrolysis, and subsequent synthesis to methane and liquid fuels. It depends on very low cost renewable electricity based on wind and solar. The process is carbon neutral. [Science Daily]
- A very wet winter has meant a high level of hydro generation in California. Wind and solar production have increased so that the state has seen records set by non-hydro renewables. As a result, natural gas use for electricity generation is at the lowest level in five years, the Energy Information Administration says. [pv magazine USA]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
from Green Energy Times http://www.greenenergytimes.org/2017/05/25/may-25-green-energy-news-4/