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Saturday, 24 February 17:40 (GMT -05:00)



Business And Politics News

Solar and Wind Power Will Make Coal Production Unprofitable Soon


Coal production is expected to go unprofitable in the near future., experts say. At the same time, miners will go extinct as a profession, Bloomberg predicts. It’s all about the so-called green energy, or alternative energy. Mostly, green energy implies the energy generated by solar and wind power.
 
 
The experts predict that the cost of generating energy from solar and wind power will reach parity with the energy generated by coal. At the same time, they assume that the share of the energy generated by coal will be reduced by 80-90% in a matter of 20-25 years.
 
Previously, solar and wind power used to be rather costly when it comes to producing energy. However, over the last few years, green energy has become much cheaper. If instance, the cost of the energy generated by solar and wind power has dropped by as much as 75% since 2009. By the end of the decade, it is expected to go down by more than 60%.
 
The cost of alternative energy in China and India is expected to go even. By the way, these are the two biggest producers of alternative energy in the world to date.
 
The experts are sure that even the energy revolution in the USA announced by Donald Trump (this is rather a counter-revolution in the global energy sector) won’t deter the global tendency aimed at replacing conventional energy sources with green ones. Anyways, the experts expect the consumption of coal in the United States to drop by 50% over the next 20-25 years.
 

 

As wind and solar energy are expected to gain popularity worldwide, this will probably boost the production of lithium-ion batteries, which can be used in production as well as for household purposes. Today, green energy accounts for just 125 of the global energy production. In 20-25 years, it will increase all the way up to 50% and even higher.

 

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Any Brexit Scenario Will Damage the British Economy

In practice, there can be multiple Brexit scenarios, i.e. the scenarios of how the United Kingdom will exit the European Union. Experts say that almost any scenario will damage the British economy to some extent. Moreover, there will be some economic damage to both the UK, the USA, and the EU.

Publication date: 25 December 02:48 AM

The Era of Cheap Money from Central Banks is Over

According to two major investment banks – Citigroup and JPMorgan, the days of cheap money and low interest rates are nearly gone after almost 10 years since the last global crisis. They warn us that major central banks around the globe (including the ECB, for example) are going to start toughening their monetary policies in 2018 at the fastest pace in 12 years.

Publication date: 25 December 02:05 AM

Will Bitcoin Mining Leave the World without Electricity?

It seems like people have been obsessed with cryptocurrencies. While loading up on them like crazy, they seem to have forgotten that everything has a price. When it comes to mining cryptocurrencies, this is all about the growing deficit of electricity. The thing is that all those mining farms consume tons of energy. Maintaining that cryptocurrency infrastructure is rather energy-consuming as well since all of that requires really powerful and capacious hardware, which consumes big amounts of electricity.

Publication date: 04 December 01:04 AM

Brexit and Bank Capital Outflow

Since the Brexit referendum that took place in the United Kingdom last year, European banks have already withdrawn from the UK as much as 350 billion euros. That’s reported to be the official stats provided by the European Union, The Financial Times reports.

Publication date: 30 November 01:52 PM

Fed Will Raise Interest Rate 4 Times in 2018, Goldman Sachs Experts Predict

According to the experts working for Goldman Sachs, one of the largest investment banks in the world, the U.S. Federal Reserve is probably going to raise the key interest rate 4 times next year.

Publication date: 25 November 04:05 AM

Referendum In Catalonia May Hit Europe Harder Than Brexit

The possibility of Catalonia exiting from Spain is dangerous to the integrity of the European Union, even more dangerous than the Brexit. This is what The Daily Telegraph thinks on the matter.

 

Publication date: 01 October 04:58 AM

Trump Announced Revolutionary Tax Cuts for Americans

On Wednesday, September 27th, President Trump announced a tax reform. The thing is that Donald trump promised this tax reform when making his election pledges in 2016.

Publication date: 29 September 07:51 AM

What is so precious about Ukraine for international investors? An American businessman shares his opinion

More and more international investors have been paying attention to Ukraine as a promising area for profitable investing. Cody Shirk, an American entrepreneur, traveler and investor, is now urging international investors to look at Ukraine as a country with really great investment potential, Market Leader reports.

Publication date: 27 September 03:16 AM

China’s Debt Bubble May Trigger Another Global Financial Crisis

The Chinese economy keeps on slowing down as China’s debt bubble is growing. International experts are concerned about that. They are afraid of a new global financial crisis, Market Leader reports. The thing is, the Chinese economy is not growing fast enough anymore. Beijing has to admit the economic slowdown. The entire international expert community is now closely watching this slowdown and expressing their concerns about China’s economic prospects amid the mentioned economic slowdown and inflating debt bubble.

Publication date: 25 September 12:44 PM

Why Is German Parliamentary Election Important to Europe?

Judging by the results of several sociological surveys, the chances of electing Angela Markel for the next 4 years is fairly high at the moment. Even though there is almost no intrigue in the election, the international community has still been closely watching it, Market Leader reports

Publication date: 24 September 12:55 AM