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Sustainable Development/Sustainability

China’s Spending on Green Energy Is Causing a Global Glut

Listen to article(1 minute)China’s newest solar-energy manufacturers include a dairy farmer and a toy maker.The new entrants are examples of a green-energy spending binge in China that is fueling the country’s rapid build-out of renewable energy while also creating a glut of solar components that is rippling through the industry and stymying attempts to build such manufacturing elsewhere, particularly in Europe.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to

Mining Deploys Innovative Tech to Find Copper, Other EV Metals

Miners are turning to machine learning, cutting-edge chemistry and other innovative means to increase the supply of critical materials such as copper and graphite amid the rising demand for green technologies. In 2011, Nico Cuevas, a Mexican immigrant and Arizona resident, realized Tesla would require a source of graphite for battery anodes to build electric vehicles in the U.S. Fortunately, it just so happened that a friend’s family owned an artisanal graphite mine in Mexico. Unfortunately…

How Allbirds Lost Its Way

Quality complaints—and intractable holes—have dogged the hot shoe company, which rolled out an assortment of new products but found environmental sustainability a tough sell. Quality complaints—and intractable holes—have dogged the hot shoe company, which rolled out an assortment of new products but found environmental sustainability a tough sell. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content,…

Small Towns Chase America's $3 Trillion Climate Gold Rush

The Inflation Reduction Act demands a leap of faith from communities that are committing local resources in hopes of attracting new industry. The Inflation Reduction Act demands a leap of faith from communities that are committing local resources in hopes of attracting new industry. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

The Green Energy Factory Facing a Storm of China Backlash

Chinese clean-energy manufacturers were enticed by huge green subsidies to expand in the U.S. Now, they are confronting a storm of anti-China sentiment. Projects across the country involving Chinese companies face resistance, including a $3.5 billion battery factory Ford Motor Co. is setting up with the help of Chinese battery company Contemporary Amperex Technology Co. , or CATL. Other projects are soft-pedaling their Chinese ties.  Chinese clean-energy manufacturers were enticed by…

Green Energy Is Stuck at a Financial Red Light

After years of uncertainty, last year’s Inflation Reduction Act finally gave America’s renewable-energy industry a long, green signal. Now the economy is blocking the road.The wind and solar industries have always suffered from the short-term nature of subsidies, with federal tax credits often extended in nail-biting one-year increments. Last year’s climate bill changed that, giving the industry subsidies that last at least a decade. But just as policy winds blow in their favor, two critical growth drivers—interest rates…

What Does ‘Made in America’ Mean? In Green Energy, Billions Hinge on the Answer

Virginia-based power company AES Corp. says it is ready to push the button on a solar-panel order of more than $1 billion if a manufacturer will commit to building a factory in the U.S.If that factory gets built, AES can buy its panels and apply for federal subsidies recently made available to clean-energy developers that use equipment made in the U.S. There is one problem: The government hasn’t decided what “made in the U.S.” means, and how strictly to define it. “You can’t sign…

‘Greenwashing’ Targeted in Latest European Regulatory Push

BRUSSELS—European officials rolled out proposals aimed at forcing companies to back up environmental and sustainability claims they make over consumer products with scientific evidence, part of a broad regulatory push that—like similar efforts in technology—could set precedents for corporate rules elsewhere. The European Commission, the bloc’s executive body, on Wednesday proposed legislation targeting what critics have broadly defined as “greenwashing.” The rules target eco-friendly…

Global Miners Gear Up for Energy Transition With Deals and Investments

BHP Group Ltd. , the world’s biggest miner by market value, is close to completing its biggest acquisition since 2011 with copper-and-gold miner OZ Minerals Ltd. recommending its shareholders vote in favor of the more-than $6 billion bid. Two months ago, Rio Tinto RIO 0.06% PLC bought out minority shareholders in Canada-listed Turquoise Hill Resources in a $3.1 billion deal to get more exposure to a giant…

Toyota Rethinks EV Strategy With New CEO

Toyota’s TM 1.16% chief executive always said he wasn’t a skeptic about electric vehicles—he was a realist. Longtime CEO Akio Toyoda called himself a spokesman for “a silent majority” of people in the auto industry who questioned a single-minded focus on EVs. He argued that hybrid gas-electric vehicles like Toyota’s Prius could be just as environmentally friendly, and said other companies were pushing consumers to make a leap into EVs…