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Saturday, 23 June 17:06 (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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Trump Turned G7 Into G6+1

The British media are criticizing Donald Trump's stance and behavior during the recent G7 summit in Quebec, Canada. 

Publication date: 13 June 12:02 PM

G7 Is Ready to Impose New Sanctions on Russia

In the final communique of the recent G7 summit in Quebec, Canada, there is warning for Russia. In particular the G7 warns Moscow that they are ready to impose even more sanctions on Russia in case of further aggression. 

Publication date: 12 June 11:44 AM

George Soros: New Global Crisis Is Coming

While analyzing the current geopolitical situation in the global arena, many experts warn us about serious threats. For example, famous billionaire and financier George Soros predicts another global crisis in the near future. Even though his predictions are controversial at best, many representatives of the international community take his words for granted.

Publication date: 01 June 12:24 PM

Donald Trump Is Not going to Meet with Kim Jong Un

U.S. President Donald Trump is reported to have been canceled his meeting with North Korean leader Kim Jong Un. This is confirmed by the corresponding official press release published in the White House’s official account.

Publication date: 24 May 11:49 AM

How to become a European bank co-owner?

Do you want to get absolutely legitimate access to the EU’s banking system by becoming a co-owner of a European bank to have personal and corporate accounts in your own financial institution? It’s like having a VIP card by VISA or MasterCard with huge discounts worldwide…

Publication date: 10 April 08:06 AM

Goldman Sachs Analysts Have Found Global Economic Slowdown

At the point, most representatives of the international expert community are pretty sure that the global economy has been growing confidently for some time. However, Goldman Sachs analysts claim that the global economy is starting to slow down.

 

In February 2018, 7 out of 10 base components of Goldman Sachs' Global Leading Indicator (GLI) dropped a bit. The bullish momentum started weakening and slowed down from 0,249% down to 0,234%. These are the weakest figures since March 2016.

Publication date: 30 March 01:25 AM

U.S. Fed Denies 4 Interest Rate Hikes This Year?

According to Finanz, the accelerated economic growth in the United States may force the federal Reserve to change their mind about raising interest rates 4 times this year.
 
Publication date: 29 March 11:19 AM

Putin Challenges USA

Vladimir Putin has recently presented new Russian weapons. Western experts have been busy discussing them ever since. According to several observers, this move literally means that Putin has challenged Washington.

Publication date: 29 March 10:06 AM

Chinese Renminbi’s Global Currency Status Will Open Chinese Economy to the World

The Chinese government is planning to turn the Chinese Yuan into a global reserve currency in order to make the national economy more open to the rest of the world.  This was confirmed by the People’s Bank of China.

Publication date: 28 March 09:16 AM

Will the USA Impose New Sanctions on Russia in Advance of the Russian Presidential Election 2018?

Not so long ago, United States Secretary of the Treasury Steven Mnuchin promised to announce a new round of the sanctions against Russia within the next 30 days. The question is whether the United States will manage to root against Putin once again before March 18th?

Publication date: 09 March 12:41 AM