IEA calls for $45 trillion push to halve carbon emissions
Emissions will jump 130 percent and oil demand 70 percent by 2050 unless governments take immediate action to start a new $45 trillion “energy technology revolution,” according to a new International Energy Agency (IEA) report.
Halving emissions by mid-century will require governments to rapidly drive up the cost of producing carbon to $200 per ton — or as high as $500 in the worst-case scenario — by instituting a cap-and-trade or carbon tax system. Either policy… Continue Reading
Portable nuclear reactor maker Hyperion gets funding
Hyperion Power Generation wants to sell something that looks a bit like a giant battery to off-grid areas and small towns, filled with a uranium hydride mix that can provide up to about 27 megawatts of energy continuously over a period of several years.
We wrote about the idea last December, along with several similar ones. At the time it had only been funded by a nearly unknown venture firm called Purple Mountain Ventures. But Hyperion… Continue Reading
Nuclear innovations — will they lure cleantech capital?
Nuclear power is a bit of a land mine in the field of clean technology. Mention it in any given room of environmentalists, and opinions will explode. Some say nuclear’s terminally unsafe. Others say it’s the only true cleantech solution.
Detractors have kept nuclear innovation limited for years. However, increasing demand for non-carbon-dioxide-emitting, high-output electricity generation has put nuclear back on the front burner. And projects like Hyperion Power Generation are showing that new ideas are… Continue Reading