China has so far not acted in an aggressive manner toward shipping in the South China Sea, but the very potential of action creates a clear threat to the economies of Japan and South Korea. Kazuhiro Nogi | AFP | Getty Images The following commentary is from Kevin Klowden, chief global strategist of Milken Institute.
Environment
Heavy electrical transmission lines at the powerful Ivanpah Solar Electric Generating System, located in California’s Mojave Desert at the base of Clark Mountain and just south of this stateline community on Interstate 15, are viewed on July 15, 2022 near Primm, Nevada. The Ivanpah system consists of three solar thermal power plants and 173,500 heliostats
Protesters outside the Salle Pleyel venue in Paris could be heard chanting “all we want is to knock down Total” and “one, two, three degrees, we have Total to thank.” Bloomberg | Bloomberg | Getty Images French riot police on Friday fired tear gas at hundreds of climate activists trying to prevent the annual general
Wind turbines and coal photographed in Maryland, United States. Chip Somodevilla | Getty Images News | Getty Images Global investment in energy is slated to hit roughly $2.8 trillion in 2023, according to a new report from the International Energy Agency, with over $1.7 trillion of that set to go on clean energy technologies such
A satellite image showing the port of Ceyhan centred on August 18, 2015 in Turkey. Gallo Images | Gallo Images | Getty Images Turkey’s runoff election is compounding delays to restart roughly 450,000 barrels per day of Iraqi crude oil exports, as Ankara studies its relationship with Baghdad, analysts and market sources told CNBC. Oil
Tankers located in the waters near Ceuta, Spain are transferring crude oil from Russia to reach the Asian markets in spite of Western sanctions. Europa Press News | Europa Press | Getty Images Russia’s oil revenues rebounded in March and April to reach the highest level since November last year, according to a new report,
An airplane in the skies over France. The government there wants to cut short-haul flights in the country to reduce emissions. Alain Pitton | Nurphoto | Getty Images A French ban on domestic short-haul flights when alternative train journeys exist came into force this week, with one lawmaker hailing it as “an essential step” in
Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane, butane, and pentanes. Orjan F. Ellingvag | Corbis
Abdulaziz bin Salman, Saudi Arabia’s energy minister, speaks during a panel session at the Qatar Economic Forum in Doha, Qatar on May 23, 2023. Bloomberg | Bloomberg | Getty Images Saudi oil minister Prince Abdulaziz bin Salman on Tuesday told market speculators to “watch out,” reiterating his warning that they could face pain ahead. “Speculators,
Europe may have done a good job in reducing its dependency on Russian oil and gas and mitigating an energy crisis caused by the war in Ukraine but it’s “not out of the woods” yet, the head of the International Energy Agency (IEA) told CNBC. “Europe was able to transform its energy markets, reduce its
A view of fjords as they melt due to climate change near Svalbard Islands, in the Arctic Ocean in Norway on July 19, 2022. Anadolu Agency | Anadolu Agency | Getty Images The Norwegian government is calling on energy giants to ramp up oil and gas exploration projects in remote regions like the Arctic Barents
A 2019 pre-owned Nissan Leaf SV on the lot in 2022 during the chip shortage that depleted stock of new auto inventory. Boston Globe | Boston Globe | Getty Images Affordable EVs have been on sale in the U.S. well over a decade and the data analytics company Experian says about 2.2 million were on
Getty Images To avoid rising energy costs and benefit from increasing renewable energy incentives and tax breaks, more homeowners may be considering a home solar system. Last year, the growth of residential solar in the U.S. boomed. Even as overall growth of solar installations, including commercial and utility-scale projects, decreased year over year, residential solar
A Direct wafer 6 x 6 solar cell at the CubicPV facility in Bedford, MA on August 5, 2021. Boston Globe | Boston Globe | Getty Images In 1839, German scientist Gustav Rose went prospecting in the Ural Mountains and discovered a dark, shiny mineral. He named the calcium titanate “perovskite” after Russian mineralogist Lev
The AB1 autonomous bus service will travel on a route in Scotland, with vehicles able to hit a top speed of 50 miles per hour. Andy Buchanan | AFP | Getty Images The U.K.’s first full-sized autonomous bus service opened to the general public on Monday, with those involved in the project describing it as
We’re always scanning the market, looking for opportunities to deploy capital as prices come down. With our expectation for more volatility ahead as the debt ceiling debate picks up, we’re waiting for the market to get into oversold territory before we start putting the bulk of our 10% cash position to work. Remember, when the
Wind turbines in the North Sea, off the coast of the Netherlands. As more wind farms are developed, the interaction between turbines and birds will become an increasingly important issue. Mischa Keijser | Image Source | Getty Images Offshore wind farms in the North Sea were recently “shut down” in a bid to protect migratory
A smoke column rises from wildfire EWF031 near Lodgepole, Alberta, Canada May 4, 2023. Alberta Wildfire | Reuters Wildfires burning across western Canada have forced thousands of people to evacuate their homes and have prompted some oil and gas companies to curb production as blazes approach pipelines. The fires have burned about 478,000 hectares, or 1,800
Wind Catching Systems wants to develop a floating, multi-turbine system. This illustration shows what it could look like once deployed. Wind Catching Systems With their considerable height and sweeping blades, wind turbines are perhaps the most visually striking sign of the world’s shift to a more sustainable future. Over the past few years, major players
Tom Vilsack, US agriculture secretary, speaks during the SelectUSA Investment Summit in National Harbor, Maryland, on Monday, June 27, 2022. Ting Shen | Bloomberg | Getty Images The Biden administration on Tuesday announced nearly $11 billion in grants and loans to help rural energy and utility providers bring affordable clean energy to their communities across
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