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NEW YORK (BLOOMBERG) – A giant crane hoists a 40-ton chunk of turbine tower almost 60 metres in the air and then places it atop a half-finished structure. What’s different about this project is that it’s made from wood. Startup Modvion AB is building the tower out of wood to reduce the carbon footprint by […]
A look at the global rise of timber as a low-carbon building material
According to BDO Global, by 2024, nearly one-third of the world's electricity is expected to come from renewable sources.
While the wind industry is facing challenges due to cost increases, supply-chain bottlenecks and financing, forecasts for growth are still big as nations work on meeting their CO2 targets.
“The world is facing a climate crisis, and we need to switch energy sources,” Chief Executive Officer Otto Lundman said after watching the lift. “Wind power is one of the most efficient and attractive that we have. We increase that value further.”