System Transition News Today

The majority of major UK pension providers have inadequate climate plans in place, risking billions of pounds by failing to tackle deforestation or to phase-out financial support for fossil fuels.

This research is backed by the UK Governments Department for Energy Security and Net Zero, as well as the Childrens Investment Fund Foundation (CIFF), under the umbrella of the Economics of Energy Innovation and System Transition (EEIST) project.

 The world may have crossed a “tipping point” that will inevitably makesolar power our main source of energy, new research suggests. The study,based on a data-driven model of technology and economics, finds that solarPV (photovoltaics) is likely to become the dominant power source before2050 – even without support from more ambitious climate policies. However, it…

A new study suggests that solar power has crossed a ‘tipping point’ and is likely to become the main source of energy in the coming decades.

Spurred by falling battery prices, electric vehicles could hit price parity with fossil-fuel models in Europe in 2024 and the U.S. market in 2026, and account for two thirds of global car sales by 2030, according to new research.

New research predicts that electric vehicles (EVs) could reach price parity with fossil-fuel vehicles in Europe by 2024 and in the US by 2026. The report by the Rocky Mountain Institute (RMI) suggests that falling battery prices will make EVs as affordable to buy as petrol cars in every market by 2030. Battery costs are expected to halve this decade, making EVs cheaper to run as well.

Global Car Sales EV: Batteries are expensive and account for around 40% of an EVs price tag, a cost that has so far made them unaffordable for many consumers.

Nick Carey: Batteries are expensive and account for around 40% of an EVs price tag, a cost that has so far made them unaffordable for many consumers.

Electric vehicles may achieve price parity with fossil-fuel models in Europe by 2024 and in the U.S. market by 2026, according to a new research. Furthermore, it is projected that electric vehicles could comprise two thirds of global car sales by 2030.

A report by the Rocky Mountain Institute (RMI) on Thursday predicts battery costs should halve this decade, from $151 per kilowatt hour (kWh) in 2022 to between $60 and $90 per kWh, making EVs