Category: Highlights

Solar power due to overtake oil investment

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Solar power

LONDON: Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA) said on Thursday, with solar projects expected to outpace outlays on oil production for the first time. Annual investment in renewable energy is up by nearly a quarter since 2021 compared to a 15% rise for fossil fuels, the Paris-based energy watchdog said in its World Energy Investment report. Around 90% of that clean energy spending comes from advanced economies and China, however, highlighting the global divide between rich…

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LONGi Founder & President Li Zhenguo emphasizes collaborative innovation for zero-carbon world

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longi

[May 23, 2023 Shanghai] On May 23, the 16th (2023) International Solar Photovoltaics and Smart Energy (Shanghai) Conference and Exhibition (SNEC) kicked off at Kerry Center in Pudong, Shanghai. Li Zhenguo, Founder and President of LONGi, who was invited to attend the opening ceremony, delivered a keynote speech titled “Building collaborative innovation ecosystem to create a zero-carbon world”. Speaking at the ceremony, Li said it is the mission and responsibility of the entire industry to make photovoltaic cheaper to use. The continuous advancement of technology is the biggest driving force…

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Gulf Oil Giants Turn To Start Ups In Carbon Capture Bid

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gulf-oil

Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing.Oil producers have for years touted capturing carbon before it goes into the atmosphere as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.

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U.S. Drilling Rigs Swing To Annual Loss For First Time In Years

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oil

The all out number of absolute dynamic penetrating apparatuses in the US fell by 11 this week, as per new information from Bread cook Hughes distributed Friday, subsequent to falling by 17 last week. The all out rig count tumbled to 720 this week — 8 apparatuses beneath this time the year before. It is the main year-over-year misfortune in the quantity of dynamic penetrating apparatuses in the US since April 2021. The ongoing count is 355 less apparatuses than the apparatus count toward the start of 2019, before the…

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