NewsRoom Articles - Page 108 of 174

MondayJul 25, 2022 1:06 pm

Greenpeace Reveals That China Continues to Approve Coal Plants Despite Emission Commitments

Coal is a nonrenewable fossil fuel that is used by most countries in the West as well as Asia to generate electricity. When burnt, this fuel produces carbon dioxide, which contributes greatly to global climate change by trapping heat in the earth’s atmosphere and in turn warming the planet. Earlier this week, Greenpeace released a report confirming that China recently approved the construction of about 8.6GW of coal power in the first quarter of 2022, which represents almost one-half of the amount recorded last year. This approval comes as climate concerns increase amid rising global temperatures and dangerous weather events.…

FridayJul 22, 2022 12:53 pm

Nanofertilizers Set to Be Next Big Thing in Agriculture

For decades, the agriculture industry has used conventional fertilizers to increase plant yields by replacing soil nutrients and ensuring the soil has the right balance of nutrients. Researchers are now working on a class of fertilizers called nanofertilizers, which have the potential to revolutionalize agriculture. As the name suggests, the development of nanofertilizers leverages nanotechnology to create either synthesized nanofertilizers or modify traditional fertilizers by taking extracts from different reproductive or vegetative parts of the plant. Nanofertilizers can be quite effective at suffusing the soil with nutrients and increasing fertility, plant yields and raising the overall quality of agricultural outputs.…

ThursdayJul 21, 2022 11:56 am

Study Says Advanced Nuclear Reactors Could Lower Costs of Energy Transition

A new study by the Breakthrough Institute has found that advanced nuclear reactor commercialization can reduce the total cost of energy as America transitions to the use of clean energy. This report used a high-resolution model of America’s electricity sector to show how advanced nuclear reactors could play a significant role in reducing the cost to transition the power grid to clean energy by 2050. It should be noted that the study is based on the assumption that the first advanced reactors will have been deployed by 2030. The research examined three technological categories of advanced nuclear reactors: advanced reactors…

WednesdayJul 20, 2022 11:45 am

European Union Reduces Coal Imports from Moscow Ahead of Total Ban

In the months since Russia’s unprovoked invasion of Ukraine, Western countries have issued various sanctions against Russia to weaken its war effort. However, Russia is one of the world's largest producers of oil, natural gas and coal, supplying energy to many EU countries and America. This reliance on Russian energy means that efforts to sanction Russian exports could significantly impact the global economy. Even so, the European Union (EU) is gearing up to ban Russian coal amid the Russia-Ukraine war and a growing energy crisis. For this reason, the EU has significantly scaled back thermal coal imports from Russia as…

TuesdayJul 19, 2022 12:59 pm

How Does Gold Perform Amid Extreme Economic Turmoil?

Last month, the World Bank predicted a slowdown in the global economy, forecasting that economic growth would go down from 5/7% in 2021 to 2.9% in 2022. The World Bank warned that there was a compounded risk of global recession due to the Russia-Ukraine war and that less developed countries in East Asia and Europe were extremely likely to face a major recession. In such times of economic turmoil, investors often turn to assets such as gold to store their money. Thanks to its ability to retain value even during times of extreme upheaval, gold has been a popular safe…

MondayJul 18, 2022 12:04 pm

The Netherlands, Austria and Germany Begin to Use Coal Again Amid Energy Crisis

Late last month, the Netherlands turned back to the use of coal as the invasion of Ukraine, which sparked an energy crisis, rages on. The Dutch stated that they would lift restrictions on fossil-fuel powered stations, which had before then been limited to one-third of output. Vienna and Berlin also made similar announcements as Russia, which is facing sanctions over its Ukraine invasion, cut its supply of gas to Europe. Moscow’s invasion has sent prices for energy around the globe skyrocketing, which has in turn raised the likelihood of shortages if the chain of supply was to be interrupted. Gazprom,…

FridayJul 15, 2022 11:22 am

U.S. Firms Enter into Partnership to Recycle Nuclear Fuel

As the world moves away from the use of fossil fuels in favor of renewable energies in an effort to decrease carbon emissions, interest in the use of uranium as a nuclear fuel continues to grow. Uranium, which is a non-carbon-emitting fuel, is mostly used by nuclear power plants to generate electricity for power grids. However, once the fuel is spent and cannot be used anymore, it becomes radioactive waste. Experts had not found a way to re-purpose this fuel, until now. Recently, Energy Northwest and Curio entered into a memorandum of understanding that will involve the deployment of a…

ThursdayJul 14, 2022 12:02 pm

Factors That May Influence the Price of Gold in the Weeks Ahead

Gold prices have been all over the place for the past couple of weeks, hitting a 10-month low last week before rallying a little as the week drew to an end. As economic conditions across the world continue to deteriorate, experts say that gold investors have been turning to the dollar as a safe haven, allowing it to breach the $1,800 per ounce crucial resistance. Experts believe several factors will continue influencing gold prices in the coming weeks, including the following: Crude oil prices. Prices for crude oil have been on the rise across the world partly due to a…

WednesdayJul 13, 2022 3:35 pm

Copper Rallies as US Dollar Wavers

Copper prices have rallied after months of lows amid a slight drop in the value of the U.S. dollar. Prices hit their lowest point since November 2020 in early July as increased COVID-19 cases in China, rising inventories, hawkish interest rates and a potential recession affected investor sentiment. By July 7, 2022, copper for delivery in the month of September was trading at $3.57 per pound, which is about $7,875 on the New York COMEX Market, rising by 5% from the previous day. Shanghai’s most-traded copper contract went up by 0.2% to roughly $8,640 (57,945 yuan) per tonne as the…

TuesdayJul 12, 2022 3:52 pm

Possible Rate Hikes, Strong Dollar Decreasing Gold’s Appeal

Gold has always been a safe haven asset for investors looking to retain the value of their money during times of market turmoil. However, gold prices have been down for quite a while and recently hit a six-month low as the U.S. dollar rallied and reached a two-decade high. Spot gold fell by 1.4% to trade at $1,738.99 per ounce while U.S. gold futures were down by 1.5% to $1,738.3. Gold’s appeal as a safe haven asset, which may have diminished slightly due to the volatile markets, may also take a hit as the Federal Reserve adopts more restrictive monetary…

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