September 2024 - Green Energy Stocks

MondaySep 30, 2024 9:00 am

IEA Says Feasible to Transform Global Energy in Accordance with COP28 Targets

The International Energy Agency (IEA) has revealed that transforming the world's energy industry to meet COP28 targets is “feasible.” Climate change represents one of the most critical issues humanity has ever faced, and the 2023 United Nations Climate Change Conference set ambitious green-energy targets to put the globe on track to achieving carbon neutrality. According to the IEA, achieving the green-energy goals established at COP28 is feasible due to robust policies, significant manufacturing potential and “favorable economics.” A recent IEA report says the world can double efficiency and triple green-energy capacity by 2030 but notes that this will require significant…

FridaySep 27, 2024 9:00 am

9 EU Countries Promise to Tap Mediterranean for Green Energy

Nine European Union (EU) member states have pledged to ramp up their efforts to adopt renewable energy and turn the Mediterranean region into a hub for green energy. According to officials from the nine southern EU countries, they have channeled their energy toward harnessing offshore solar and wind energy to achieve this dream. The officials announced this goal at the recently concluded MED9 Energy Ministerial Meeting, which was held in Larnaca, a coastal city in southern Cyprus. Officials from the nine nations talked about converting the Mediterranean region into a green-energy hub and fighting off the negative effects of climate…

WednesdaySep 25, 2024 9:00 am

Easing Monetary Policy Alone May Not Sufficiently Boost Clean-Energy Investment

Experts warn that the Fed's decision to finally ease its monetary policy after several months of consecutive interest rate hikes may not be enough to offer a sufficient boost to clean-energy investment. The U.S. Federal Reserve began its easing cycle by cutting benchmark interest rates by 50 basis points last week, a move that was swiftly followed by central banks in Canada and several European nations. With countries such as Sweden, Switzerland and England, among many others, also easing their monetary policy, and some expected to speed up the pace, the inflationary environment triggered by the coronavirus pandemic is mostly…

MondaySep 23, 2024 9:00 am

Data Indicates Biden’s Clean-Energy Policies Will Avert 200,000 Deaths, Boost Employment

Data from two recently published reports has revealed that President Joe Biden’s green policies will prevent 200,000 deaths and boost the number of renewable energy-related jobs in the United States by 150,000. The Biden administration has been relentless in its efforts to advance the green transition, and the reports indicate that these efforts will have a tangible effect on American lives and the labor market. The reports indicate that green policies will be incredibly beneficial to the country, especially now that the upcoming presidential elections have such massive stakes. As the second-largest polluter on the globe after China and the…

FridaySep 20, 2024 9:00 am

Dutch Stadium Makes History by Using Only Green Energy During Soccer Game

A massive soccer stadium in the Netherlands recently made history after it used green energy to power an entire game, opening the door to combining renewables and sports events. A report from “Interesting Engineering” notes that the Dutch stadium hit a major sustainability milestone after it used renewable energy generated from solar and wind to cover all its energy needs during the entirety of a soccer game. Johan Cruijff Arena, the home stadium for Dutch football club Ajax and the largest stadium in the Netherlands, features a three-megawatt battery system that uses secondhand rather than new batteries to store energy.…

WednesdaySep 18, 2024 9:00 am

EU Report Emphasizes Reduced Energy Costs Will Boost Economies, Support Energy Transition

Lower energy costs will bolster economies worldwide and support the transition from fossil fuels to renewables, a new European Union (EU) report says. Even more, the landmark report says that the green-energy transition will be critical to preserving Europe's economy. The Future of European Competitiveness report outlines the investments Europe would have to make to rescue its economy and remain on par with the United States and China. The 300-page report also dedicates a fair amount of focus on the energy transition, the energy industry and the critical role it will play in decarbonizing Europe's economy and making it more…

MondaySep 16, 2024 9:00 am

China Courts Norway on Green-Energy Cooperation

China has revealed that it is willing to cooperate with Norway, one of the countries leading the world's transition to green energy, in various green-energy-related endeavors. During Norwegian Prime Minister Jonas Gahr Stoere’s recent trip to Beijing, Chinese President Xi Jinping said China was ready to partner with the Scandinavian nation and promote “friendly cooperation” in matters related to clean energy. China's head of state highlighted the ongoing transition to renewables, environmental protection, electric vehicles, and fishery and agricultural products as potential areas of cooperation between China and Norway. A report from CCTV also said he hoped Russian and Ukrainian…

FridaySep 13, 2024 9:00 am

Global Clean Energy Generation Reaches New Milestone

The world has reached a notable milestone in its efforts to ramp up renewable energy generation and eliminate fossil fuels from its energy mix. New research recently revealed that energy production from green sources accounted for more t han 40% of the electricity generated worldwide for the first time in 2023. Two BloombergNEF reports show that solar and wind provided 24% of this electricity while nearly 9% of all the power-capacity additions done globally were from wind and solar compared to only 6% from fossil fuels. Lead author Sofia Maia said the researchers have noted a “steep change” in green…

WednesdaySep 11, 2024 9:00 am

High Fossil Fuel Use in US Highlight Challenges of Energy Transition

Although the United States has made significant strides in its efforts to adopt renewable energy during the last decade, fossil fuels still play a major role in the nation’s energy mix. Over two centuries of using coal, oil and natural gas have made it extremely difficult for the U.S. to shake its reliance on fossil fuels, and the country still relies on dirty fuels to fulfill the majority of its energy needs. The past 10 years have seen more American power generators increasingly favor clean-energy sources over fossil fuels, causing their capacity to generate renewables to surge by 70% and…

MondaySep 09, 2024 9:00 am

China Focuses on Clean Energy During China-Africa Forum

China has taken significant steps to deepen its relationship with Africa by funding large infrastructure projects across the African continent over the past decade. With several large-scale projects completed in multiple countries, Beijing is now shifting gears and transitioning its African economic policies to electric vehicles, 5G technology and solar. As a result, renewable energy is poised to take a prominent spot on the agenda during the ongoing ninth Forum on China-Africa Cooperation (FOCAC). Starting Sept. 4, 2024, the forum will showcase China's newfound commitment to promoting renewable energy in Africa. As the largest manufacturer on the globe, China produces…

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Month: September 2024