Energy economics news
Here are some recent news articles and updates on energy economics:
Renewable Energy
- Solar Power Costs Fall Below Fossil Fuels: A report by the International Renewable Energy Agency (IRENA) finds that the cost of solar power has fallen below that of fossil fuels in many parts of the world, making it a more competitive option for electricity generation. (Source: Reuters)
- Wind Power Capacity Reaches Record High: The Global Wind Energy Council (GWEC) reports that global wind power capacity reached a record high of 743 gigawatts (GW) in 2020, with China, the United States, and India leading the way. (Source: GWEC)
Energy Transition
- EU Sets Ambitious Climate Targets: The European Union has set a target of reducing greenhouse gas emissions by at least 55% by 2030, as part of its efforts to combat climate change. (Source: Euractiv)
- US Energy Department Launches Clean Energy Initiative: The US Department of Energy has launched a new initiative aimed at accelerating the development and deployment of clean energy technologies, including solar, wind, and hydrogen power. (Source: Energy.gov)
Oil and Gas
- Oil Prices Fall Amid Global Economic Uncertainty: Oil prices have fallen to their lowest levels in months amid concerns over the global economic outlook and a surge in COVID-19 cases. (Source: Bloomberg)
- US Shale Producers Cut Production Amid Low Prices: US shale producers are cutting production in response to low oil prices, which have fallen to around $40 per barrel. (Source: CNBC)
Energy Policy
- US Senate Passes Energy Bill: The US Senate has passed a bipartisan energy bill aimed at promoting energy efficiency, renewable energy, and grid modernization. (Source: The Hill)
- UK Government Announces New Energy Strategy: The UK government has announced a new energy strategy aimed at reducing carbon emissions and increasing the use of renewable energy. (Source: BBC)
Energy Storage
- Energy Storage Market to Reach $100 Billion by 2025: A report by BloombergNEF predicts that the energy storage market will reach $100 billion by 2025, driven by the increasing adoption of renewable energy and electric vehicles. (Source: BloombergNEF)
- Tesla Launches New Energy Storage Product: Tesla has launched a new energy storage product, the Powerwall 2, which is designed to provide backup power during outages and reduce energy bills. (Source: Tesla)
Electric Vehicles
- Electric Vehicle Sales Reach Record High: Electric vehicle sales reached a record high in 2020, with over 2.2 million vehicles sold worldwide. (Source: BloombergNEF)
- US Government Announces New EV Incentives: The US government has announced new incentives aimed at promoting the adoption of electric vehicles, including tax credits and rebates. (Source: The Verge)
These are just a few examples of recent news articles and updates on energy economics. If you're interested in staying up-to-date on the latest developments, I recommend following reputable sources such as Bloomberg, Reuters, and Energy.gov.