· BP’s profits hit record high in the first quarter of 2023 with major buybacks in the company. · This helps to ensure that the company focuses on the transition to green energy. BP energy is one of the leading oil giants in the world focused on the supply of energy in the market. The […]
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· Solar power funding in US will increase the use of renewable energy. It will also increase the chances of reaching climate goals. · There are various innovations in solar technology that promote the green transition. They have also increased the reliability and sustainability of energy production. Biden-Harris administration has had quite a run since
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· Battery technology advancing helps in increasing the sustainability and reliability of energy. · Electric planes help in the sustainability of energy. This is by reducing noise, emissions and lowering operational costs. CATL as announced a new condensed battery with 500Wh/kg to start mass production later in the year. The condensed battery will provide higher
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· UK’s climate plan includes various measures in that face the impacts of climate change in the UK. · The plan uses renewable energy to promote the green energy transition. Britain Climate Change Act has the world’s first binding national commitment. It aims to cut greenhouse gas emissions. This UK Act requires governments to set
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· Wind targets and solar targets aim to reduce the emission of greenhouse gases. · Meeting these targets need significant investment in renewable energy infrastructure. It also need the advances in renewable energy technology. The changes in climate change has led to the measures set to achieve a carbon free future. Most of the businesses
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· Geothermal energy is one renewable sources still under development for the green transition. · Oil and gas industries increase competition with geothermal industry in the energy market. Geothermal energy source that is mostly neglected due to its high costs and risks. Geothermal energy technologies access heat resources from underground hot water and steam. The
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· African lithium has had a lot of investments from the Chinese for the extraction of lithium from the reserves. · Africa is rich with the availability of lithium reserves. This is in countries such as Zimbabwe, Democratic Republic of Congo, Ghana and Mali. Lithium is a soft, silvery-white alkali metal which has several industrial
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· Oil discoveries in North Africa attract many potential international coil companies. These companies increase the investments and development of the African countries. · Despite oil discoveries, North Africa could embrace the development of renewable energy. This reduces the emissions produced from the combustion technologies. Two new oil reserves discovered in North African countries, Libya
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· Copper supply impacts various industries that lead to the development of the economy. These industries include the transportation sector, renewable energy sector, construction and electronic sector. · Copper storage systems ensures stable and frequent supply of copper. for the various industries to avoid impacts in he pricing. Copper is a material used in the
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· China’s oil demand affects the global oil market by the sudden increase or decrease in the oil prices. · China is one of the biggest greenhouse gases producers which have various environmental impacts including health. China is the second largest economy country in the world regarding the growing economy of the country. It is
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