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Cal on June 17th, 2017

In its annual review of world energy, BP said renewable energy contributed almost 40% of the growth in global power generation in 2016. Solar power generation increased 29.6% last year, while wind power grew by 15.6% percent and coal fell 6.2%.  Coal’s decline in electricity production was the largest one year drop on record. Asia-Pacific overtook Europe […]

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Cal on June 15th, 2017

Globally, more people live in urban areas than in rural areas, with 54% of the world’s population residing in urban areas in 2014. By 2050, 66% of the world’s population is projected to be urban. About half of urban dwellers reside in relatively small settlements of less than 500,000 inhabitants, while nearly one in eight live […]

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Cal on June 9th, 2017

  Earlier this month Swiss company Climeworks began operating the world’s first carbon capture plant—a machine designed to remove carbon dioxide from the atmosphere. The company hopes to capture 1% of the global carbon dioxide produced by burning fossil fuels by 2025. The company estimates that the plant will remove some 900 tons of CO2 from the atmosphere every year. Located […]

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Cal on June 6th, 2017

The International Energy Agency (IEA) reported that global new nuclear capacity additions totaled 10 gigawatts last year, the highest rate since 1990. The IEA also said that from 2010 to 2015, renewable power generation grew by more than 30% and is forecast to grow by another 30% between 2015 and 2020. A new study from […]

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Cal on June 3rd, 2017

Oilprice makes the case that China, not OPEC, now sets the level of world oil prices. OPEC is working hard to try to keep world crude oil prices high as their members need the oil revenues to finance the increasing demands on government expenditures. But China is the largest crude oil importer in the world and […]

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Cal on May 31st, 2017

The World Economic Forum said that employees should continue working until 70 in nations such as the UK, US, Japan and Canada. The age increase will be needed, as the number of people over 65 will more than triple to 2.1 billion by 2050. By then, the number of workers per retiree will have halved […]

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Cal on May 28th, 2017

The world’s largest oil producers agreed this week to continue to hold back oil production for another nine months in a bid to raise sluggish world crude oil prices. The deal was agreed between members OPEC and non-OPEC producers including Russia. The participants said they would continue to make cuts of 1.8 million barrels of crude oil a day until March […]

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Cal on May 25th, 2017

McKinsey & Company asks: Self-driving car technology: When will the robots hit the road? “A close examination of the technologies required to achieve advanced levels of autonomous driving suggests…such vehicles are perhaps five to ten years away.” Volkswagen Group is in talks with Exxon Mobil Corp. and Russia’s Gazprom to support its efforts to promote automobiles powered by natural […]

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