The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Offshore Wind Power Could Produce More Electricity Than World Uses, says International Energy Agency
By Eoin Higgins
A new report from the International Energy Agency released Friday claims that wind power could be a $1 trillion business by 2040 and that the power provided by the green technology has the potential to outstrip global energy needs.
The IEA report looks at the business of wind power and opines that as investment increases and the technology becomes cheaper, the sector could explode.
The IEA finds that global offshore wind capacity may increase 15-fold and attract around $1 trillion of cumulative investment by 2040. This is driven by falling costs, supportive government policies and some remarkable technological progress, such as larger turbines and floating foundations. That's just the start—the IEA report finds that offshore wind technology has the potential to grow far more strongly with stepped-up support from policy makers.
"Offshore wind currently provides just 0.3% of global power generation, but its potential is vast," said IEA executive director Fatih Birol.
It would take a major infrastructural commitment to develop wind power to the point that the renewable energy resource could take over the majority of global energy needs, but it's not impossible. As The Guardian pointed out Friday, "if windfarms were built across all useable sites which are no further than 60km (37 miles) off the coast, and where coastal waters are no deeper than 60 metres, they could generate 36,000 terawatt hours of renewable electricity a year."
"This would easily meeting the current global demand for electricity of 23,000 terawatt hours," added The Guardian.
Such a change in worldwide energy demand would require a massive investment of "public pressure, business leadership, and political leadership," green group Friends of the Earth said on Twitter.
350 Action founder Bill McKibben saw no need to wait.
"Wind turbines in the shallow parts of the planet's oceans can provide more electricity than the planet uses," McKibben tweeted. "So let's get going!"
Reposted with permission from our media partner Common Dreams.
- World's Largest Offshore Wind Developer to Invest $30 Billion in ... ›
- World's Largest Offshore Wind Farm Could Send Power to Five ... ›
- U.S. Offshore Wind Auction Breaks Record With $405 Million in New ... ›
EcoWatch Daily Newsletter
In Long Beach, California, some electric buses can charge along their route without cords or wires.
When a bus reaches the Pine Avenue station, it parks over a special charging pad. While passengers get on and off, the charger transfers energy to a receiver on the bottom of the bus.
EPA Watchdog: White House Blocked Part of Truck Pollution Investigation, Caused Lack of Public Information
The Trump administration pushed through an exemption to clean air rules, effectively freeing heavy polluting, super-cargo trucks from following clean air rules. It rushed the rule without conducting a federally mandated study on how it would impact public health, especially children, said the Environmental Protection Agency (EPA) Inspector General Charles J. Sheehan in a report released yesterday, as the AP reported.
A time-restricted eating plan provides a new way to fight obesity and metabolic diseases that affect millions of people worldwide. RossHelen / iStock / Getty Images Plus
By Satchin Panda and Pam Taub
People with obesity, high blood sugar, high blood pressure or high cholesterol are often advised to eat less and move more, but our new research suggests there is now another simple tool to fight off these diseases: restricting your eating time to a daily 10-hour window.
By Ashutosh Pandey
H&M's flagship store at the Sergels Torg square in Stockholm is back in business after a months-long refurbishment. But it's not exactly business as usual here.