energy

Biden official announced $3.5 billion to remove carbon dioxide

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The federal government relies heavily on the idea of ​​the “undo” button on climate change. The US Department of Energy announced on Thursday its official intent to fund 3.5 billion dollars in CO2 removal by direct air capture. This announcement indicates that the Biden administration aims to pour billions of dollars into developing, building and … Read more

EU plans to expand renewables, says coal needs a little longer

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Wind and coal turbines in Lower Saxony, Germany. The EU’s desire to move away from Russian oil and gas means it will need to find fossil fuels from other parts of the world to fill supply gaps. Mia Boucher | Photo Alliance | Getty Images The European Commission has detailed a plan to ramp up … Read more

Fuel is a problem for business and consumers – why prices are so high

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A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guangan | China News Service | Getty Images It’s impossible to overlook the skyrocketing price of gasoline and right in the head of consumers’ minds as big billboards advertise that gas is now $4, $5 and … Read more

Gasoline could hit $5 a gallon this summer, causing more pain for consumers

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Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are an alternative ticket to consumers’ wallets this summer, as supply shortages and uncertainty in Ukraine could drive up fuel costs sharply. Gasoline prices are up around $5, and look like they’ll stay high even after the … Read more

Switching from coal to renewables costs down: TransitionZero

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Energy workers inspect photovoltaic power generation facilities at a 35MW “complementary fish light” photovoltaic power plant in Binhai New District, Haiyan City, east China’s Jiangsu Province, on March 15, 2022. Costphoto | Future Publishing | Getty Images Record-breaking coal and gas prices have pushed up prices for consumers and businesses alike, but there may be … Read more

The Big Read: As households face soaring electricity prices, being environmentally friendly can also be environmentally friendly.

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“The recovery from COVID-19 has increased the demand for oil, such as its use in industries, trade and transportation, and therefore the price of oil has increased,” said Assistant Professor Zhang. He added, “The Ukrainian-Russian war affected oil production and supplies (so) oil prices increased… As long as the war continues, the price is expected … Read more