Sunday, May 26, 2024
In 2019, only Uganda, the Central African Republic, Somalia, and the Democratic Republic of the Congo had renewable energy make up 90% of their total energy consumption. Africa currently leads the world in renewable energy consumption.
One may surmise that Western sanctions against Russia are failing if Europeans are now turning to trash burning to heat their homes. This comes in the wake of Polish households burning trash just to stay warm as sanctions on Russia backfire.
According to a Reuters report, ministers in India have decided to auction the newly found lithium reserve.
The European energy crisis might be good, claims Bill Gates. According to the billionaire, countries would turn to renewable energy as a result of gas shortages and exorbitant prices.
Roughly 20% of electric vehicle owners in California replaced their cars with gas ones, a study shows. The main reason drivers said they made the switch was the inconvenience of charging. The findings suggest new challenges facing the growth of the nascent electric vehicle market.
This week saw the European Commission's President Ursula von der Leyen do something that would have probably been considered the opposite of democracy just a few years ago. She proposed that governments impose a ceiling on certain energy producers' revenues and add a windfall profit for Big Oil majors. Called "a solidarity contribution" or "a crisis contribution," the windfall tax's aim is the same as the aim of the revenue ceiling: manage energy costs in a runaway inflation environment and get some additional money to, according to the plan, distribute among those who most need it.
Reliance has announced to invest $50 million in Breakthrough Energy Ventures owned by Bill Gates and George Soros.
Poland's government is embroiled in a political scandal for failing to increase the nation's coal reserves. But Poland isn't the only country that is facing a dreadful scenario, there is a looming coal crisis over all of Europe. For Poland and Germany in particular, a fuel shortage would be devastating.
Walmart has announced its plans to build a nationwide electric vehicle (EV) charging network in a press release on its website.
According to SPIEGEL information, high explosive devices equivalent to 500 kilogrammes of TNT were used to destroy Nord Stream.