Renewable energy is more affordable now than it has ever been. According to BloombergNEF, it is now cheaper to build a new solar or wind farm to meet rising electricity demand or replace a retiring generator, than it is to build a new fossil fuel-fired plant. Policy incentives, increased investment and technological advances are driving this strong growth in the renewables sector, leading to technological improvements in the structural hardware necessary for renewable energy generation, transmission and storage.
Insights: global warming
The Paris Agreement on climate change entered into force in November 2016, with a goal of limiting global warming to below 2, preferably to 1.5 degrees Celsius – compared to pre-industrial levels. According to the International Energy Agency (IEA), CO2 emissions from aviation in 2019 equated to around 2.8% of global CO2 emissions from fossil fuel combustion. So, it’s probably no great surprise that there has been much research in recent years on ways to reduce the carbon footprint of the aviation sector.
26 April 2020 is World Intellectual Property Day. World Intellectual Property Day is an event established by the World Intellectual Property Office (WIPO) to inspire the public to “learn about the role that intellectual property rights play in encouraging innovation and creativity”. Each annual event has a theme and this year’s theme, focussing on climate change, is “Innovate for a Green Future”.