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Oil prices drive new investment in clean technology
Investors are rushing to fund new ventures in renewable energy as Americans continue to see rising gasoline prices at the pump. The price for crude oil continues to rise to new record highs ($75 per barrel of crude oil on NYMEX as of Friday's close). According to the results of a survey reported by the San Francisco Gate, in the 1st Quarter of 2013 investments in the clean technology sector has increased by 13% to $3.36 Billion in the US. In addition to attracting venture
capital, clean technology companies are receiving a buzz from high profile investors.
EU adopts renewable energy measures
European Union leaders on the second day of their summit have agreed on measures to decrease emission of greenhouse gases and to start using more biological fuels.
New Zealand declares 2007 switch of energy efficiency strategy
The New Zealand Government's energy efficiency strategy has been considered ineffective and will hence be replaced in 2007.
Sweden reaffirms aims for oil-free economy
In the past year, Mona Sahlin, the Swedish Minister for Sustainable Development, announced plans to break the nation's dependency on oil by 2020, without building new nuclear plants. She stated that, “There shall always be better alternatives to oil, which means no house should need oil for heating, and no driver should need to turn solely to petrol.”
Whole Foods moves to renewable energy
Whole Foods Market, a natural food grocery chain based in Austin, Texas, announced that it intends to use wind energy for all of its electrical needs. This will make the company the largest business to use renewable energy in the United States.
Tesla shares sink below original offering price
After an impressive debut, Tesla Motors shares have sunk below their original
initial public offering price of $17 per share.
Solar car travels around the world
On December 4, 2008, a solar car, developed by scientists at Swiss universities, ended its journey of traveling around the world at the United Nations climate talks in Poznań, Poland. Yvo de Boer, the Executive Secretary of the UN Framework Convention on Climate Change, rode into Poznań in the vehicle, along with schoolteacher Louis Palmer.
Former Formula 1 designer unveils new electric car
Former Formula One McLaren designer Gordon Murray has unveiled a new all-electric car.
Solar-powered plane completes 26-hour flight
The Solar Impulse, an experimental solar-powered airplane, landed in Switzerland on Thursday after completing a successful 26-hour test flight. The flight was a proof-of-concept displaying that a solar-powered aircraft can accumulate enough power from the sun during the day to power it through the night. The team that designed and built the aircraft believes that, in theory, the plane could fly indefinitely, given that there is enough sunlight to power it.
The Energy Impact of Light Bulbs
See how much you can save with LEDs and CFLs over regular old incandescents. Then preorder the book Green Lighting.