ThursdayAug 06, 2020 11:30 am

UK Advisers Call for Additional Car Taxes for Environmental Reasons

To help the UK achieve net zero emissions by 2050, an independent government body is calling for a hike in car taxes. The Committee on Climate Change (“CCC”), an independent body formed in 2008 following the Climate Change Act, says lawmakers should increase tax rates for conventionally fueled cars to help raise money to fund climate change initiatives in the country. What’s more, the independent group of government advisors has restated its previous call to the government to move the proposed ban on the sale of new combustion engine vehicles from 2035 to 2032. The CCC called for this actions…

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WednesdayAug 05, 2020 3:15 pm

How the Ongoing Pandemic Has Affected the Renewable Energy Sector

It will be years before most industries recover to pre-pandemic levels. While certain select industries like online marketplaces and video call platforms have weathered the storm fairly well, sectors such as airlines and food service shouldered the brunt of the coronavirus. As coronavirus cases remain on the rise and people stay sequestered in their homes, the economy is sure to decline even more. The renewable energy market, on the other hand, has had a rough go at it, and the industry's ultimate fate will be determined by how the world handles the coronavirus pandemic. Like most industries, the biggest threat…

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WednesdayAug 05, 2020 10:00 am

An Overview of the Safety of Different Types of Energy

It's safe to say that our civilization officially took off with the discovery of energy. Over the centuries, advancements in energy, from simple fires to fossil fuels and the more recent solar and wind energy have allowed us to build skyscrapers and travel to the moon. However, while beneficial to us, fossil fuels aren't kind on the environment. Fossil fuels are without a doubt the most damaging to the ecosystem. According to the World Health Organization (“WHO”), the Centers for Disease Control (“CDC”) and the National Academy of Science, fossil fuels and biomass cause the most adverse health effects. Energy…

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TuesdayAug 04, 2020 3:00 pm

Tesla Inc. (NASDAQ: TSLA) Reports Q2 Profits Despite Coronavirus Pandemic

The coronavirus pandemic has dealt a blow the economy will take years to recover from. Industries such as airlines, food service and tourism have been especially hit and they have shouldered most of the job losses in the country. Some firms, however, have not only weathered the intense storm that has been 2020, but they have thrived. One firm that has done so very publicly during this financial and health crisis has been Tesla Inc. (NASDAQ: TSLA). The EV producer reported a profit of $100 million on Wednesday, surprising analysts who expected the firm to be bleeding money after being…

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TuesdayAug 04, 2020 9:25 am

How Wind and Solar Energy Are Now More Affordable

Fossil fuels have kept us warm for decades and helped our civilization advance to levels never even dreamed of. However, it has become increasingly clear over the years that on top of being unsustainable, they are pretty bad for the environment. These days, governments are looking to a future where clean, sustainable fuel sources like solar and wind are the norm, not the exception. We're close to achieving that dream. Renewable sources of power are more affordable than carbon-based electricity in two-thirds of the world. This represents a monumental victory for green energy, and it shows that clean, renewable forms…

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MondayAug 03, 2020 3:00 pm

Can Your Electric Vehicle Power Your Home During an Emergency?

Late last year, Pacific Gas and Electric shut off power to portions of 34 of California's 58 counties, affecting almost 800,000 homes and businesses. These preventative power shut-offs were in response to threats caused by climate change, fierce winds, and dry conditions that increased the risk of deadly wildfires, and they highlighted just how vulnerable the electricity grid and those who depended on it for power were. Plenty of homes and businesses have reduced their risk by using solar and stationary battery storage systems in concert with grid electricity, but EV batteries provide an even more exciting solution to power…

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MondayAug 03, 2020 12:40 pm

Net Element (NASDAQ: NETE), Mullen Tech Moving Forward on EV Manufacturing Facility Project

Mullen extends LOI with S3R3 Solutions to assemble electric vehicles, manufacture electric vehicle batteries in Washington Plan calls for 1.3 million square feet of assembly, manufacturing, R&D facilities NETE, Mullen merger will make Mullen a publicly traded company, provide access to capital Mullen Technologies recently announced that it has extended its letter of intent for the acquisition of a 1.3-million-square-foot electric vehicle manufacturing facility. The progression of this acquisition bodes well for Net Element (NASDAQ: NETE), a company which operates a payments-as-a-service transactional and value-added services platform. NETE recently entered an agreement (subject to definitive agreement, fairness opinion, shareholder and…

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MondayAug 03, 2020 10:00 am

3 Signs Favoring the Increased Uptake of Electric Buses

For several governments, phasing out internal combustion engines in favor of electric cars is inevitable as they seek to reduce their carbon footprint. At the end of 2018, there were about 1 million electric vehicles on American roads, and they are projected to reach 18.7 million at the end of 2030. While privately owned EVs have reigned supreme on the road, the electric bus sector has been slowly but surely increasing its market share. In October last year, U.S. electric bus manufacturer Proterra snagged its 100th customer, a testament to just how much the industry had achieved and could achieve…

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