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Billionaire Gautam Adani's group is building the world's largest <keyword id="864915" type="General" weightage="20" keywordseo="renewable-energy-park" source="Orion">renewable energy park</keyword> in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from <keyword id="6357019" type="General" weightage="20" keywordseo="solar-energy" source="Orion">solar energy</keyword>. Speaking at the opening of '<keyword id="694229" type="General" weightage="20" keywordseo="energy-revolution" source="Orion">Energy Revolution</keyword>: The <keyword id="3179546" type="General" weightage="20" keywordseo="adani-green-energy" source="Orion">Adani Green Energy</keyword> Gallery' at the Science Museum in London, Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come. "As the world's leading solar power developer and India's largest renewable energy company, we are taking very big steps," he said. "In Khavda, which is in the state of Gujarat, we are building the world's largest renewable energy park. It will have a generation capacity of 30 GW of energy - and it is incredibly big. Its area of 538 square kilometers is more than five times bigger than Paris." This is part of the aim to reach 45 GW of renewable energy by 2030, said Adani, the chairman of the apples-to-airport conglomerate. "This will be like providing clean energy to almost every house in England," he said. It currently has an operating renewable portfolio of over 9.5 GW and locked-in projects of up to 21.8 Gigawatt (GW). The Gallery explores how the world can generate and use energy more sustainably to urgently decarbonise and to limit dangerous climate change. "Through striking displays of contemporary and historic objects from the UK and abroad, interactive digital exhibits, and specially commissioned models, the gallery shows how the past, present and future are shaped by human imagination and innovation and explores how we all have a role to play in deciding our energy future," a company statement said. The Gallery, which is open to the public for free, examines this century's defining challenge through the lens of imagination across three sections. In Future Planet, visitors can explore how scientists use complex computer-based models to understand our planet, and what these tell us about the range of climate futures that might lie ahead. In Future Energy, technologies and the people behind them that are reimagining how energy is supplied and used are highlighted alongside historic artefacts which provide a longer view of the transition away from fossil fuels. Adani said museums are very important because they teach and inspire. "This new gallery is about more than just clean air - or about moving away from oil and gas. It is about the energy transition we need - this world needs - and it is about the revolution that is taking place in the world of energy." The gallery, he said, was special because it makes us think, dream and wish for change. At the centre of the gallery is Only Breath, a moving sculpture that signifies the power of nature to inspire technological change. Radiating outward from the centre are plinths which display vital low-carbon renewable energy technologies for the transition, from nuclear, hydrogen and solar to wind and tidal power, alongside remarkable historic innovations that remind us how major change is possible and that many of the technologies needed to make the low-carbon energy transition already exist. Objects in this section include a 7m long tidal turbine blade made by Scottish renewable energy company Orbital Marine Power and the first electric taxi, the Bersey cab, hailed by Londoners in 1897. The challenges of electrification, energy storage, and supply and demand are also explored, with visitors invited to play interactive games and use models that show how energy can be generated and distributed. Possible routes to low-carbon transport are featured, as well the decarbonisation of our buildings and construction industries, and visitors can learn about climate modelling and see instruments used to measure climate. Energy Revolution was designed by award-winning architects, Unknown Works. A key element of sustainable design was the reuse of redundant shelves from the Science Museum's former object store. The gallery's carbon footprint has been monitored, and recyclable aluminium was used where possible. The gallery's Title Funder is Adani Green Energy. Sagar Adani, Executive Director, AGEL, said, "The Science Museum has put together the world's best curated gallery on energy transition. As one of the world's largest renewable energy companies, we are committed to making progress towards net zero - and there is no greater resource in the fight against climate change than education. "Through the sponsorship of the gallery, we aim to inspire young minds, scientists and innovators to imagine a future powered by clean energy and build a carbon-free world. It is an initiative to stimulate their interest, curiosity and awareness, and encourage their active participation in creating clean technologies. The gallery brings together the global community to enable the shift towards energy efficiency, clean energy adoption and carbon emissions reduction." Sir Ian Blatchford, Director and Chief Executive of the Science Museum Group, said, "In a week when we're celebrating a record 2.25 million visits by UK residents to the museum, including a million children, this stunning gallery offers even more to ignite curiosity among those who will visit in the year ahead - provoking important conversations about the urgent need for the world to generate and use energy more sustainably."

Adani eyes 45 GW renewable energy capacity by 2030

<div type="image" title="One Planet Banner Test" height="138" width="1100" msid="109509214" hostid="261" sizebytes="5076"></div>On one Upper West Side side street, you can hear the quiet hum of electric vehicles almost all day and night.Manhattan isn't known for its plentiful parking. But this street has something even rarer: two public spots reserved for EV charging. Often, vehicles linger for hours.On a recent weekday, one licensed ride-hailing driver had been charging for more than 12 hours. Another EV sat for more than five hours at the neighboring plug. For the ride-hailing driver, that's 12 hours they didn't work. For other EV owners, it's one less charger to plug in to. A Tesla slowed as it drove by in hopes the spaces weren't occupied.This snapshot in time comes as New York City aims to convert almost its entire ride-hailing industry to EVs by 2030, with the exception of wheelchair-accessible vehicles. Mayor Eric Adams' Green Rides Initiative affects the city's more than 84,000 Uber and Lyft drivers — among the largest markets in the world. It's an ambitious target, given that under 10% of rides were taken in an EV in March, according to city data.The biggest hurdle is building enough public chargers, especially in such a densely packed city with an old power grid and lengthy bureaucratic delays. For Uber and Lyft drivers, time is money, so widely accessible charging is key to the EV switch. The majority live in NYC's outer boroughs, such as Queens, and park on the street, where chargers are sparse. A <a target="_blank" href="https://www.nrel.gov/docs/fy22osti/82293.pdf">study by the US Department of Energy</a> found that 1,000 fast chargers were needed for every 20,000 EV drivers on the road. Currently, there are fewer than 200 across NYC. Plus, building thousands of new chargers requires billions of dollars of investment.City officials and ride-hailing companies told Business Insider that electrifying the sector could unlock a broader EV revolution because it could solve a crucial conundrum: Companies won't build charging stations if there aren't enough drivers, but drivers won't buy an EV if charging isn't widely accessible."This is the industry that's going to get this infrastructure off the ground because a ride-share driver is a great customer for a charging station," said Bobby Familiar, a spokesperson for Revel, an all-electric ride-hailing service that operates three public fast-charging stations in NYC. "They have to charge every single day that they do a shift. They want fast charging because every minute spent at the charger is time they could be on the road earning a fare."Electrifying the ride-hailing industry also has big returns for the environment, Michael Replogle, a former deputy commissioner for policy at NYC's Department of Transportation, said."If you can electrify Ubers, Lyfts, and taxis that drive several hundred miles a day, it will really reduce the city's carbon footprint and clean up the air," he said.Given the stakes, a lot has to go right in the coming years. The city has to strike a balance between the number of EV drivers and charging sites. Long wait times risk turning off drivers from making the switch, but if there isn't enough demand, the economics could fall apart for stations run by the government or private entities. Chargers also must be in neighborhoods with a history of underinvestment.<h2>A mad dash for EV licenses</h2>The transition is getting an early test this year now that thousands more ride-hailing drivers have licenses.In October, the Taxi &amp; Limousine Commission opened applications for this gig work for the first time in five years — but for EV drivers only. A cap had been in place since 2018 to stabilize drivers' wages and decrease traffic congestion.The TLC approved about 8,400 EV licenses. That brought the total to more than 11,000, a huge jump compared with several years ago.The program is on hold because of a lawsuit filed by the New York Taxi Workers Alliance. It represents the yellow-cab industry, which isn't under the EV mandate but can voluntarily make the switch to certain models. The alliance argued that the market would become oversaturated.TLC Commissioner David Do said many of those who applied were ride-hailing drivers already and the total number of drivers in NYC was still lower than pre-pandemic levels.A lot of ride-hailing drivers are excited about the EV push because it's a pathway to owning their own car, rather than renting from fleet owners, according to Aeraj Qazi, the owner of Primetime Brokerage, which helps drivers through the TLC licensing process."Rentals are like handcuffs for drivers, so EVs provide an opportunity for drivers to own their own plates," Qazi said.Weekly rental rates average between $450 and $600, several drivers told BI. That's more than a typical monthly car payment.Qazi said he and other brokerages helped file thousands of EV applications before the court-ordered injunction took effect late last year."We didn't realize how crazy it would get. The charging infrastructure isn't there right now," Qazi said.Guillermo Fondeur, an Uber driver who bought a Tesla in 2021, charges at home. He said the switch had saved him money on gas and maintenance, and he earns some perks from Uber, including an extra $1 on every ride.But he's heard complaints from other EV owners about the lack of public charging infrastructure."It's very inconvenient to find chargers," Fondeur said. "There are one- to two-hour waits to plug in some places."He added: "Drivers want to charge on the block where they live. The city could put chargers in the parking spaces. There's also a lot of parking lots."<h2>NYC's most valuable asset</h2>Today, there are nearly 200 fast chargers in NYC and more than 1,900 Level 2 chargers. The Adams administration <a target="_blank" href="https://climate.cityofnewyork.us/subtopics/electric-vehicles/">wants to grow the network</a> this decade to 6,000 fast chargers and 40,000 Level 2 plugs."We need every space we can find," Do said.In general, EVs can get up to 30 miles of range for every hour they're plugged in to a Level 2 charger. That makes them ideal for overnight street parking, or for several hours during the day while drivers run errands or go to work. Fast chargers, such as those in Tesla's Supercharger network, can add up to 200 miles of range in just 15 minutes, helping ease range anxiety among road trippers and ride-hailing drivers who need a quick refill but don't want to lose too much time.Making progress in NYC requires coordination across the government, power utilities, and private companies. Do is part of a charging task force that brings those parties together.The TLC is sharing data on where drivers live and where and how often trips happen to help inform where chargers should be. The utility Con Edison is identifying where enough power is already available for new chargers and expanded a statewide program that subsidizes the cost of bringing electricity to chargers to $585 million. The Department of Transportation is investing in some curbside charging and fast chargers <a target="_blank" href="https://www.nyc.gov/html/dot/html/pr2023/fast-charging-hubs.shtml">in municipal parking lots</a>.The department's efforts build on a <a target="_blank" href="https://rosap.ntl.bts.gov/view/dot/68833">curbside-charging pilot</a> with Con Edison and a Canadian company, Flo. It created 100 Level 2 plug-ins across all five boroughs, a spokesperson for the department said, and there are plans for hundreds more.But those efforts alone won't spur enough development, Replogle, the former DOT official, said."It took us 3 ½ years to stand up that pilot," he said. "We recognized we would not be getting thousands of on-street Level 2 chargers by scaling up that model. It's going to take some competitive procurement with the private sector to make this happen."There are barriers, Replogle added. There isn't a clear path for private charging companies and real-estate owners to get regulatory approval for installing curbside plugs."Street space is one of the most valuable assets the city owns," Replogle said. "There are 3 million parking spaces, and less than 250,000 of them are priced. So there are a fair number of spaces that can produce the kind of economic return for electrification to happen."A DOT spokesperson said the department last year sent out a request for information from EV-charging companies, which will inform future partnerships.Beyond curbside, there are hurdles for companies such as Revel that are building larger fast-charging stations with dozens of plugs. These sites often need electrical-power upgrades to connect to the grid, a lengthy process with Con Edison."We're approaching every charging station like it's a new high-rise building," Familiar said. "But the timeline for getting a charging station up and running is a lot different than a building. If we have power, we can get a site done within months, not years. The power-upgrade timeline does not match that."Charging stations should go to the front of the line, he added.A spokesperson for Con Edison said the utility was evolving its grid-planning process to prepare for large EV loads."When upgrades are needed at the customer property, we are working to reduce interconnection timelines at every step in the process from early customer engagement and education through improved work coordination and collaborating closely with municipalities on permitting," the spokesperson said.<h2>The charging pipeline</h2>Despite the delays, Revel has a pipeline of 300 fast chargers over the next two years, Familiar said. That figure reflects active site leases in various phases of design and construction.Revel owns a fleet of 500 vehicles and more than 50 plugs in NYC that are open to any model.One of the new stations is set to be at LaGuardia Airport, one of the busiest areas for ride-hailing trips in the city. Installing 48 plugs would make it the largest fast-charging location at any airport nationwide. It's expected to open next year.Revel in March also struck a deal with Uber that guaranteed its drivers would use at least 250 of Revel's plugs a certain amount of the time. If Uber doesn't meet the use threshold, it's financially liable. In exchange, Uber drivers will get up to a 25% discount when they charge.The agreement could help Uber meet its own goal to have its drivers go fully electric this decade. So far, more than 6% of Uber's fleet in the US and Canada has zero emissions, and more than 17% of trips in NYC were in EVs last year. The company said it's spending $800 million by 2025 to encourage drivers to make the switch.Josh Gold, Uber's senior director of public policy, said that after the TLC lifted its cap on EV licenses, he saw longer lines at Tesla's Superchargers. And for years, many of the platform's early EV adopters were going to Manhattan to charge, often in paywalled parking garages."That's not where our drivers live," he said. "So that's been a worry, but now we're seeing the charging infrastructure develop more."Uber is sharing ride data with Revel so it can locate chargers in the most convenient places for drivers. Uber has a similar agreement with Tesla.Lyft, for its part, said it's investing $80 million through 2025 on its EV push and working with charging companies including EVgo and Electrify America to offer discounts. Nearly 17% of NYC Lyft rides were in EVs last year.The rising demand from the ride-hailing industry for EV charging could help buoy other startups. Itselectric is piloting some Level 2 curbside charging using excess power from buildings, which avoids the need for utility upgrades and therefore could speed up the build-out. In a parking garage in midtown Manhattan, Gravity in March opened what it says are the 24 fastest chargers in the country.Almost everyone BI interviewed for this story acknowledged that the city's EV's ambitions were lofty.There are some promising signs, however.Do said that the Green Rides Initiative was two years ahead of schedule. By 2025, at least 15% of ride-hailing trips were supposed to be in zero-emissions or wheelchair-accessible vehicles. That threshold was crossed in January and ticked up even higher in March to 17%. That month, more than 2 million trips were taken in an EV — a fivefold increase compared with November.Do said he wanted to boost the TLC's outreach to drivers so they could understand the perks of switching to an EV."There are so many more benefits to a green vehicle, not only for the future of our city but for kids who will breathe cleaner air, and it also might be a little cheaper," he said. "So we've laid the foundation, but now we need to convince many other drivers to convert."Juliana Kaplan contributed to this article.This article is part of "<a target="_blank" rel="" href="https://www.businessinsider.com/category/the-great-transition">The Great Transition</a>," a series covering the big changes across industries that are leading to a more sustainable future. For more climate-action news, visit Insider's <a target="_blank" rel="noopener" href="https://www.businessinsider.com/one-planet">One Planet</a> hub.

NYC's EV revolution is riding on Uber and Lyft drivers

<ul class="summary-list"><li>AI is driving a <a target="_blank" href="https://www.businessinsider.com/ai-data-energy-centers-water-energy-land-2023-10">massive demand for electricity</a>.</li><li>Despite earlier commitments, some executives now say clean energy may not meet AI's growing needs.</li></ul>AI is driving a dramatic new need for electricity, and while tech execs have long trumpeted their <a target="_blank" href="https://www.reuters.com/technology/openai-ceo-altman-says-davos-future-ai-depends-energy-breakthrough-2024-01-16/">commitment to a green energy future</a>, the urgency of that need presents them with a difficult path forward.Questions about fueling the AI boom took center stage earlier this month at the CERAWeek by S&amp;P Global, The Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/energy-oil/big-techs-latest-obsession-is-finding-enough-energy-f00055b2">reported</a>. The annual energy conference draws thousands of executives to Houston to discuss topics ranging from geopolitics to the energy transition.No one knows how much electricity will be needed to power the AI boom. AI requires massive computing power and energy loads and has <a target="_blank" href="https://www.businessinsider.com/data-centers-ai-artificial-intelligence-farmland-power-2023-7">triggered an explosion of data centers</a>. <a target="_blank" href="https://www.businessinsider.com/the-fabulous-life-of-bill-gates-2014-9">Microsoft cofounder Bill Gates</a> said at the conference that the amount of power AI is bound to consume is mind-blowing."You go, 'Oh, my God, this is going to be incredible,'" Gates reportedly said. ChatGPT alone uses <a target="_blank" href="https://www.businessinsider.com/chatgpt-uses-17-thousand-times-more-electricity-than-us-household-2024-3">more than 17,000 times more electricity</a> than the average US household daily.The concern among tech execs is that the energy demands of AI will surpass the capacities of clean sources. Wind and solar power aren't reliable because they're subject to changes in weather. While nuclear facilities take years to build, so they aren't a viable option when companies need power immediately."Tech is not going to wait 7 to 10 years to get this infrastructure built," Toby Rice, the CEO of natural gas producer EQT, said in an interview with the Journal. "That leaves you with natural gas." At the conference, Rice said he was repeatedly asked two questions: "How fast can you guys move? How much gas can we get?"The problem is all the more pressing given the Biden administration's goals for lowering carbon emissions — a byproduct of burning coal and natural gas that <a target="_blank" href="https://www.businessinsider.com/hidden-carbon-dioxide-soil-will-worsen-climate-change2016-11">exacerbate the climate crisis</a>. Last April, Biden set an ambitious <a target="_blank" href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/20/fact-sheet-president-biden-to-catalyze-global-climate-action-through-the-major-economies-forum-on-energy-and-climate/#:~:text=Putting%20the%20Power%20Sector%20on%20a%20Path%20to%20Net%20Zero%20Emissions&amp;text=President%20Biden%20has%20set%20an,by%20no%20later%20than%202050.">target</a> for the power sector to be carbon-neutral by 2035 and for the US economy to be net-zero by 2050.Some executives were adamant that the dramatic growth in AI wouldn't impede the <a target="_blank" href="https://www.businessinsider.com/us-renewable-energy-transition-solar-electric-vehicles-hit-records-2024-2">clean energy transition</a>. "We're going to be net-zero by 2050. We still absolutely believe that," said Robert Blue, the CEO of Dominion Energy, the Journal reported. "But the demand growth now makes that more complicated." Blue said his company was building at least one new natural gas plant to meet demand for data centers.

AI execs who urgently need more energy to power their tech revolution are turning to fossil fuels

<ul class="summary-list"><li>Some of the best anti-aging hacks are remarkably simple. </li><li><keyword id="20024940" type="General" weightage="20" keywordseo="leafy-greens" source="keywords">Leafy greens</keyword> can boost nitric oxide, while asparagus can help improve <keyword id="20506975" type="General" weightage="20" keywordseo="glutathione" source="keywords">glutathione</keyword> stores.</li></ul>I recently spent the weekend at a big hotel near Disneyland. While I didn't set foot in the "Happiest Place on Earth," I was bearing witness to another kind of magic at RAADfest — a <keyword id="20186177" type="General" weightage="20" keywordseo="longevity" source="keywords">longevity</keyword> conference dubbed the "revolution against aging and death." Researchers were sharing their latest findings on anti-aging, and some of it felt like Magic Kingdom-level fantasy. Swiss stem cell treatments that were billed as age-reversing, yellowy young plasma injections that promised to cure all, and portable hyperbaric oxygen chambers were all on the menu for eternal life seekers to peruse. There are plenty of ways to spend thousands, <a target="_blank" href="https://insider.com/bryan-johnson-anti-aging-blueprint-daily-routine-habits-2023-9">if not millions</a>, of dollars seeking longevity. But to me, none of these expensive (and potentially risky) regimens were as compelling as the simple, cheap foods I kept hearing about at the conference that we can all eat to live longer. I was amazed at how — <a target="_blank" href="https://www.insider.com/how-to-scientifically-reduce-body-age-2023-8">once again</a> — so many of the things that experts unequivocally say are longevity-promoters are sitting right in front of us, every day. Here are 12 foods that I heard about at the conference: <h2>Eating broccoli and leafy greens will help your body produce more valuable nitric oxide</h2> <div type="image" title="broccoli" height="1500" width="2000" msid="103818744" hostid="261"></div>You may have heard that <a target="_blank" href="https://progressreport.cancer.gov/prevention/nitrate/">nitrates</a> in processed meats and fertilizer are bad for us. Nitrates that build up in contaminated water, preserved foods, and <a target="_blank" href="https://wwwn.cdc.gov/TSP/ToxFAQs/ToxFAQsDetails.aspx?faqid=1186&amp;toxid=258">even some of our drugs may contribute to cancer risk</a> by converting into toxic nitrosamines inside our bodies, which can damage DNA and promote tumor growth. But the <a target="_blank" href="https://theconversation.com/why-nitrates-and-nitrites-in-processed-meats-are-harmful-but-those-in-vegetables-arent-170974">nitrates in a stock of broccoli aren't dangerous</a>. In fact, they have an anti-aging effect, by improving our circulation and blood flow. When we eat nitrate-rich vegetables like broccoli, our bodies produce nitric oxide, which is good for healthy aging. Nitric oxide helps oxygen and nutrients move throughout the body more efficiently. And, the antioxidants that are in fresh vegetables actually counteract the production of nitrosamines in the body. If you don't enjoy broccoli, other leafy greens like kale, spinach, or arugula, as well as beets, carrots, and raw cauliflower will each pack a big nitrous oxide punch for your system. Eating more antioxidant-rich <a target="_blank" href="https://www.businessinsider.com/foods-that-fight-cancer-2019-2">broccoli can even lower your risk of developing cancer</a>, among other age-related health issues. "It's just extraordinary how many nutrients we can derive from wonderful vegetables and how good they are for our bodies." Baskin Robbins grandson <a target="_blank" href="https://www.businessinsider.com/baskin-robbins-grandson-ocean-robbins-plant-based-food-revolution-2019-2">Ocean Robbins, a veggie-loving plant-based diet advocate who never eats ice cream, previously told Insider</a>. <h2>Glutathione — vital to our healthy immune system — is plentiful in avocados and asparagus</h2> <div type="image" title="Avocado toast" height="4053" width="5066" msid="103818745" hostid="261"></div>Glutathione is a powerful antioxidant that counteracts the stress our bodies go through day to day, helping stave off cancer and keep our immune system strong. Our bodies produce glutathione on their own, but <a target="_blank" href="https://academic.oup.com/biomedgerontology/article/75/6/1089/5479550">there's some evidence that as our bodies age, the level of glutathione in our blood may decrease</a>, putting us at risk for more disease development. Antioxidant supplements that promise to boost your glutathione levels <a target="_blank" href="https://www.sciencedirect.com/science/article/pii/S2213231715000841">don't tend to work very well</a>, and may even do some harm. A group of several studies published in 2014 and 2015 from researchers in the US, Sweden, and Finland suggested that antioxidant supplements like glutathione pills <a target="_blank" href="https://www.cancer.gov/news-events/cancer-currents-blog/2015/antioxidants-metastasis">may even contribute to increased cancer risk</a>, in both mice and people. But <a target="_blank" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6770193/">glutathione-promoting</a> sulfur-rich foods like <a target="_blank" href="https://www.sciencedirect.com/science/article/pii/S2405844023026592">asparagus</a>, avocados, green beans, and spinach are a cheap and simple, safer way to improve your glutathione stores. <h2>SuperAgers eat foods rich in <keyword id="23375927" type="General" weightage="20" keywordseo="carotenoids" source="keywords">carotenoids</keyword>. They keep your brain and heart young.</h2> <div type="image" title="beets" height="732" width="1000" msid="103818746" hostid="261"></div>Deep-hued carrots, raw parsley, leafy greens, and squash like pumpkin are thought to promote healthy aging due, in part, to the same chemicals that are responsible for their bright, vibrant colors. Not only are these veggies great for eye health, <a target="_blank" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6539799/">carotenoid-rich diets have also been associated</a> with lower rates of <a target="_blank" href="https://www.ars.usda.gov/research/publications/publication/?seqNo115=331375">cancer</a>, diabetes, cardiovascular issues, and even <a target="_blank" href="https://pubmed.ncbi.nlm.nih.gov/35508396/">dementia</a>. The longevity diets of SuperAgers living in Loma Linda, California, <a target="_blank" href="https://www.insider.com/okinawa-japan-blue-zone-diet-longevity-foods-live-to-100-2023-8">Okinawa, Japan</a>, and other <a target="_blank" href="https://www.insider.com/dan-buettner-blue-zones-lifestyle-habits-diet-exercise-2023-8">Blue Zones</a> around the world are all effortlessly carotenoid-rich. <a target="_blank" href="https://insider.com/blue-zone-doctor-loma-linda-california-diet-milk-cheese-2023-9">Dr. Gary Fraser, a cardiologist and diet researcher at Loma Linda University</a>, told Insider he suspects that the carotenoids play a vital role in the healthy aging trends of the veg-heavy Blue Zones.

12 cheap foods with anti-aging properties that longevity scientists swear by

<ul class="summary-list"><li>Leaders are gathering at the COP28 climate conference in Dubai this month. </li><li>The path to financing the world's transition to green energy remains unclear. </li></ul>As world leaders, business, and community leaders all gather at the COP28 conference in Dubai this month, the path to reaching net-zero greenhouse gas emissions by 2050 is becoming clearer, mapped out with distinct milestones and tech-enabled solutions. However, how the world will finance this transition is not so apparent.The estimated $2 trillion currently being invested annually in the green transition is a long way from the $5-$7 trillion needed to trigger and sustain the next great sustainable revolution—a transformation from the current fossil fuel-centric model to a highly renewable, low-emissions system of production.Financing the green energy transition is a trillion-dollar question. The answers lie in the mobilization of new cost-reducing finance instruments that can significantly remove risk from green projects, identifying and dismantling asymmetrical cost structures between developed and developing countries, and unlocking fair and just mechanisms to transition away from fossil fuels.This is how we can mobilize private investment and help achieve economic growth and climate neutrality.The<a target="_blank" href="https://www.deloitte.com/global/en/issues/climate/financing-the-green-energy-transition.html?id=gx:2el:3or:4financing_the_green_energy_transition:5GC1000297:6abt:20231122::ftget_op_ed"> Deloitte Financing the Green Energy Transition</a> report outlines some core financial levers, starting with a fundamental financial principle: the riskier the project, the higher the cost of capital. Harnessing financial instruments is vital to unlocking private capital and the financing of green investment at the lowest cost.The report estimates that getting this right could ultimately reduce financing costs by around $50 trillion by 2050. So, what are the associated risks, and what steps can we take to mitigate them and, consequently, reduce financing costs?<h2>Reducing the risk of green projects</h2>Identifying the types of risk allows us to understand the scale of the problem but also the potential of the opportunity. Unreliable markets and buyers, political instability, and ambiguous climate policies all contribute to elevated financing costs for green projects.Developing economies, where about three-quarters of green investments should occur to meet net zero targets, face even greater challenges with stricter public budget constraints for energy transition projects.One potential solution to reduce the costs and create a level playing field among countries and regions is the adoption of blended and concessional finance—a loan made on more favorable terms than the borrower could obtain in the market.Blended finance can mitigate risk with different layers of repayment priority, protecting investors against losses if a project meets bottlenecks or faces financial difficulties.<a target="_blank" href="https://www.convergence.finance/api/file/2ce2789177a186bd8eff8c7f74a9971a:78c7e7b69148447be571f3ae09448613baf012665702a3b4e48d35fb6ba733e58f62f6049af156c4422927249d515810d4de82d1e2b054f2d1287eb8aad60d79ebaa77d9d1be927c906f27ee1d11c7c7c6b7fdfabeaf754d500a36cabe9f9db0a08e99781a084961923b50c6a75182a8756af2d9f5dc214a78ae88e7b43e7714c8f066b3900e46d7e3d1451932a4118b2c87faf6a74a3ecb6e3bab0f91539726">Concessional public financing</a> can have a multiplier effect. For example, US$1 of concessional public finance can mobilize more than US$4 commercial capital, more than half of which can come directly from private capital. Simultaneously, the creation of green product markets and financial markets can quickly reduce revenue risk with pricing confidence. Offtake contracts can enable buyers to find green products and sellers to secure buyers.<h2>Bridging the cost gap</h2>The cost gap between green and fossil fuel projects is significant but it can be bridged with several mechanisms. Upfront costs can be minimized with innovation through R&amp;D as well as investment subsidies. This makes new technology projects more bankable—i.e., their risk-return profile meets investors' criteria to mobilize sufficient capital—while helping to build up a skilled workforce.At the same time, carbon pricing can help internalize the cost to society and incentivize a reduction. Additionally, public revenue from carbon pricing can be redirected to climate-related initiatives. Doing so would transfer revenues from fossil assets to their green counterparts, helping ease the impact of stranded fossil assets and stranded jobs.It is overwhelmingly clear that the transformation ahead requires a rapid scale-up of investment with an alignment between governments, financial institutions, and investors to jointly develop and agree on mechanisms to foster bankability.This is particularly acute and relevant in developing countries where underinvestment directly correlates to the risk perception from private investors and could lead to missed opportunities given that developing countries are key to the success of the global clean energy transition.If we get this right, we can achieve our collective net zero objectives, at the lowest possible cost, through a just transition. In the end, the probability of this success equals the bankability of projects.<a target="_blank" href="https://www2.deloitte.com/us/en/profiles/JenniferSteinmann.html">Jennifer Steinmann</a> is Deloitte Global Sustainability &amp; Climate Practice Leader.<a target="_blank" href="https://www.deloitte.com/global/en/about/people/profiles.dc8c0bef.html">Pradeep Philip</a> is Lead Partner, Deloitte Access Economics.

As world leaders gather for COP28 one question looms - who will pay for the green transition?

<ul class="summary-list"><li>Palantir stock is headed to $25 a share as the company builds an AI "fortress," Wedbush said. </li><li>That would be a 54% jump in price from Thursday's closing level.</li></ul>Palantir stock is set to pop in the next year as the tech firm erects an artificial intelligence "fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday. According to Wedbush's Dan Ives, Palantir is headed to $25 a share in the next 12 months. That represents a surge of 54% from Thursday's closing price of $16.15. Shares were up 5.7% at $17.07 early Friday. The data software firm, which has been funded in part by the CIA's In-Q-Tel venture capital arm, is the "Messi" of AI, Ives said, referring to Argentine soccer superstar Lionel Messi. "As we begin the 4th Industrial Revolution, Palantir is engaging in the widespread trend of various industries leveraging recent generative AI innovations to streamline operations and improve expense profiles," the Wedbush analysts wrote. Given Palantir's wide roster of partners in both the public and private spheres, Wedbush sees the next six to 12 months as a period of significant expansion for the company as it serves the growing demand for enterprise-scale large language AI models. "This is early innings on a sum-of-the-parts AI story just on the cusp on monetizing this massive green field AI opportunity," it predicted.Palantir CEO Alex Karp has been a vocal proponent of the rapid development of AI even in the face of risks associated with the technology.<a href="https://www.nytimes.com/2023/07/25/opinion/karp-palantir-artificial-intelligence.html" target="_blank" rel="noopener">In an op-ed for the New York Times</a> this week, he wrote that AI will shape political developments in this century in the same way that nuclear weapons drove geopolitics in the last century. He cautioned that there are risks, but they should not deter the continued advancement of AI. "If these technologies are to exist alongside us over the long term, it will also be essential to rapidly construct systems that allow more seamless collaboration between human operators and their algorithmic counterparts, to ensure that the machine remains subordinate to its creator," he wrote. "We must not, however, shy away from building sharp tools for fear they may be turned against us."

Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says

<ul><li>The <keyword id="69007" type="General" weightage="20" keywordseo="world-economic-forum" source="Orion">World Economic Forum</keyword> has picked ten breakthrough technologies that show promise for the future. </li><li>Flexible batteries, <keyword id="15777223" type="General" weightage="20" keywordseo="generative-ai" source="Orion">generative AI</keyword>, <keyword id="7931350" type="General" weightage="20" keywordseo="sustainable-aviation-fuel" source="Orion">sustainable aviation fuel</keyword>, wearable sensors for plants and <keyword id="432748" type="General" weightage="20" keywordseo="green-computing" source="Orion">green computing</keyword> are some of them. </li><li>Many other biological breakthroughs like designer phages, metaverse for mental health, brain-machine interfaces and more have made it to the list. </li></ul>The world is changing fast with new dangers and permacrisis afoot. However, the good news is that a number of breakthrough new technologies are working to make it a better place. The World Economic Forum has picked ten such for 2023 — right from deep biology that can look into the cells to flexible batteries that can be twisted, bent and stretched. To make it to this coveted list, the technologies must offer promising major benefits to societies and economies, be disruptive, attractive to investors and researchers; and expected to have achieved considerable scale within five years. “New technologies have the power to disrupt industries, grow economies, improve lives and safeguard the planet – if designed, scaled and deployed responsibly,” said Jeremy Jurgens, Managing Director, World Economic Forum and Head of the Centre for the Fourth Industrial Revolution. In the past, the WEF has picked many such winners — like the genetic-engineering tool CRISPR-Cas9 which was featured in 2015, went on to win the Nobel Prize five years later. “It is now being used to create insect and drought-resistant crops in harsh growing conditions around the world,” said Jurgens. Messenger ribonucleic acid (mRNA) vaccines, earned their place in the 2017 report, became the technology underpinning the majority of Covid-19 vaccines protecting lives worldwide. AI-led molecular design made it onto the 2018 list. Since then, Deepmind’s AlphaFold predicted the structure of 200 million proteins, and the first AI-discovered drugs have entered clinical trials. Let’s look what technologies made it to this year’s list: Flexible batteries: Bend, twist &amp; stretch The world is going flex – with rollable computer screens to smart clothing. And the systems that power them should be so too. Flexible batteries, made of lightweight materials that can be easily twisted, bent or stretched, will soon hit the market and make standard rigid batteries a thing of the past. “The rapidly escalating development of wearable devices, flexible electronics and bendable displays demand power sources that match the agility of these systems,” the report says. One study forecasts that the global flexible battery market will grow by $240.47 million from 2022-2027, accelerating at a compound annual growth rate (CAGR) of 22.79%, says WEF. Several companies like LG Chem, Samsung SDI, Apple, Nokia are are actively developing and commercialising flexible battery technology. Generative AI: Sparring partner to conventional thinking Imagine an algorithm that can draw the image that a human holds in his mind? That’s one example of the boundless potential of generative AI which can design drugs, aid in architecture and engineering — in addition to what ChatGPT does. NASA engineers are working to use this technology to build lightweight spaceflight instruments. But this technology needs to build something more, trust. “To build public trust in generative AI, applications should meet agreed-upon professional and ethical standards. Care should be taken to mitigate AI bias based on training data, with a focus on including “outlier” data and novel societal conventions,” WEF says. It should also address copyright attribution and more. With correct controls, generative AI can demonstrate the boundaries of knowledge, and act as a sparring partner to challenge conventional thinking. Sustainable aviation fuel: Moving up, with challenges ahead The road-bound cousins of aeroplanes – cars, bikes and more are going green at a rapid pace. However, the cost of making the aviation sector, which contributes to 2-3% of CO2 emissions annually, is enormous. Enter sustainable aviation fuel (SAF) that’s produced from biomass, and non-biological resources. Now it makes up for 1% of the global jet fuel demand, but must rise to 13-15% by 2040, WEF says. “Such an increase will require the creation of 300-400 new SAF plants; and airlines, manufacturers and fuel companies are working around the clock to enable this level of scale,” the report says, adding that availability and collection of raw materials, along with the need for sustainably produced green hydrogen, remain major challenges. Designer Phages: Virus that carry ‘genetic scissors’ Viruses, as scary as they are, can be engineered to benefit humans. Key to this engineering are phages – viruses that selectively infect specific types of bacteria. Upon infection, a phage injects its genetic information into the bacterium. With ‘genetic scissors’, these phages can execute a set of instructions – they can change a bacterium’s functions. It can be made into a therapeutic molecule or to become sensitive to a certain drug and more. “Phages are also being designed as feed supplements to enhance the growth of livestock, treat certain plant diseases and eliminate dangerous bacteria in food supply chains,” WEF says. Locus Biosciences and Eligo Biosciences are using this approach to combat antibiotic-resistant bacteria. Metaverse for mental health: Augmenting connections The Covid-19 pandemic has pushed the mental health crisis to such an extent that the world is falling short of health providers. The conditions are ripe for metaverse-enabled mental health treatment, WEF says. “Maturing interface technologies could further augment social and emotional connections between distant participants,” the report says. Many players are already working on it with gamification and other ways which can also reduce the stigma attached with mental health. Noninvasive neurotechnologies can provide feedback attuned to a user’s emotional state. For example, Neurable headsets use electrodes to measure emotion and can adjust music accordingly. Eventually, the metaverse will also connect to therapeutic neurotechnologies, such as direct brain stimulation to treat intractable depression,” WEF adds. Wearable plant sensors: The new frontier Traditionally, crops have been monitored via soil testing and visual inspections, both of which are expensive and time-consuming. Recent tech advancements have been monitoring crop health via low-resolution satellite data, which has gone on to sensor equipped drones and tractors which provide information. The next frontier is monitoring individual plants – with wearables. “These sensors are small, non-invasive devices that can be attached to crop plants for continuous monitoring of temperature, humidity, moisture and nutrient levels,” the report says. Growvera and Phytech have developed micro-sized needle sensors that insert into a plant’s leaves or stems to measure changes in electrical resistance, but challenges remain in terms of expense and the reading of the data might need specialised expertise. It needs data analytics tools that can help farmers ‘read it’ and make informed decisions. Spatial omics: Unravelling evolutionary secrets Humans are made of millions of cells —- but what happens inside them? Spatial omics might actually help us ‘see’ the biological processes, how they work in detail that was unprecedented before. A spatial omics study of samples from people who died from Covid-19 revealed that SARS-CoV-2 causes widespread disruption of cellular pathways across all tissues. Scientists have also identified a set of neurons that help paralysed mice walk, sooner. But this technology needs to be democratised, WEF believes. It had a total market value of $232.6 million in 2021 and an estimated revenue of $587.2 million in 2030. While academic and translational research centres made up 89% of the market in 2020, the market is dramatically expanding to include pharmaceutical and biotech industries. Flexible neural electronics: Biocompatible now Brain-machine interfaces (BMIs) allow electrical signals the brain produces to be captured by sensor hardware – and are already being used for patients with epilepsy, and create prosthetic limbs connected to the nervous system. But the current implants are made of hard material like chips, which can scar humans and cause substantial discomfort. They cannot bend or adapt to brain movements so, over time, they “drift” in position, decreasing the accuracy. But now researchers developed these circuits on biocompatible materials that are soft and flexible. It can deepen understanding of conditions like dementia and autism; and can also be used to develop cardiac pacemakers and more. But eventually, it holds the potential to true human-AI interfacing – but since the data from the brain is sensitive, privacy and ethical use guidelines must be established. Sustainable computing: Optimism ahead Every time we search on Google, send email or use any form of AI, we are connecting to data centres — which consume an estimated 1% of the electricity produced globally. And, this will only grow. There is no single “green data” magic bullet, but the coming decade will see strides toward net-zero-energy data centres. The first is to use cooling systems to dissipate the heat. Stockholm is using heat from data centres to heat homes. Then, AI itself can come with a solution for the heat it is generating, but analysing and optimising energy use in real-time. DeepMind has successfully demonstrated the potential of AI-powered energy management, achieving up to a 40% reduction in energy consumption at Google’s data centres. Crusoe Energy instals its modular data centres at sites where methane flaring occurs to enable cloud computing infrastructure to be powered by methane gas that would otherwise have been released directly into the atmosphere. “Given the wave of innovation and investment in this area, there is reason to be optimistic about the years ahead,” WEF says. AI-facilitated healthcare: Easing access Ever since the pandemic governments and academic teams alike have been using AI and ML models to improve access to patient care – to cut down the long delays many patients experience. This can aid developing nations in particular. India, for example, has a widely dispersed population of over 1.4 billion and has embraced an AI-based approach to enhance medical outreach. “The Indian government has enabled physicians to engage remote communities through assistive technologies, with requisite privacy safeguards in place,” the report says. However, hurdles to this system remain like patient compliance and national security concerns. “Moreover, any system that curates personal data on the health and welfare of a vast population must function within the bounds of a carefully crafted legal and ethical framework,” WEF says.

Wearables for plants, bacteria eating viruses, and 8 technologies in 2023 that can change the future

Prime Minister Boris Johnson has outlined his 10 climate pledges for a <keyword id="5142998" type="ORGANIZATION" weightage="20" keywordseo="Green-Industrial-Revolution">green industrial revolution</keyword> for 2,50,000 jobs and ending the sale of new petrol and diesel cars and vans by 2030. Covering clean energy, transport, nature and innovative technologies, the Prime Minister's blueprint launched on Tuesday will allow the UK to forge ahead with eradicating its contribution to climate change by 2050, particularly crucial in the run up to the COP26 climate summit in Glasgow next year. The plan -- which is part of the PM's mission to level up across the country -- will mobilise £12 billion of government investment to create and support up to 2,50,000 highly-skilled green jobs in the UK, and spur over three times as much private sector investment by 2030. At the centre of his blueprint are the UK's industrial heartlands, including in the North East, Yorkshire and the Humber, West Midlands, Scotland and Wales, which will drive forward the green industrial revolution and build green jobs and industries of the future. The Prime Minister's ten points, which are built around the UK's strengths, are: Offshore wind: Producing enough offshore wind to power every home, quadrupling how much it produces to 40GW by 2030, supporting up to 60,000 jobs. Hydrogen: Working with industry aiming to generate 5GW of low carbon hydrogen production capacity by 2030 for industry, transport, power and homes, and aiming to develop the first town heated entirely by hydrogen by the end of the decade. Nuclear: Advancing nuclear as a clean energy source, across large scale nuclear and developing the next generation of small and advanced reactors, which could support 10,000 jobs. Electric vehicles: Backing world-leading car manufacturing bases, including in the West Midlands, North East and North Wales, to accelerate the transition to electric vehicles, and transforming the national infrastructure to better support electric vehicles. Public transport, cycling and walking: Making cycling and walking more attractive ways to travel and investing in zero-emission public transport of the future. Jet Zero and greener maritime: Supporting difficult-to-decarbonise industries to become greener through research projects for zero-emission planes and ships. Homes and public buildings: Making homes, schools and hospitals greener, warmer and more energy efficient, whilst creating 50,000 jobs by 2030, and a target to install 6,00,000 heat pumps every year by 2028. Carbon capture: Becoming a world-leader in technology to capture and store harmful emissions away from the atmosphere, with a target to remove 10MT of carbon dioxide by 2030, equivalent to all emissions of the industrial Humber today. Nature: Protecting and restoring natural environment, planting 30,000 hectares of trees every year, whilst creating and retaining thousands of jobs. Innovation and finance: Developing the cutting-edge technologies needed to reach these new energy ambitions and make the City of London the global centre of green finance. The UK Prime Minister said: "Although this year has taken a very different path to the one we expected, I haven't lost sight of our ambitious plans to level up across the country. "My ten point plan will create, support and protect hundreds of thousands of green jobs, whilst making strides towards net zero by 2050. "Our green industrial revolution will be powered by the wind turbines of Scotland and the North East, propelled by the electric vehicles made in the Midlands and advanced by the latest technologies developed in Wales, so we can look ahead to a more prosperous, greener future." Following extensive consultation with car manufacturers and sellers, the Prime Minister has confirmed that the UK will end the sale of new petrol and diesel cars and vans by 2030, 10 years earlier than planned. However, it will allow the sale of hybrid cars and vans that can drive a significant distance with no carbon coming out of the tailpipe until 2035. The UK car industry already manufactures a significant proportion of electric vehicles in Europe, including one of the most popular models in the world. Responding to the announcements, Mohamed Adow, Director of Nairobi-based energy and climate think tank, Power Shift Africa Director, told IANS in a statement, "Nowhere suffers more disproportionately from the climate crisis than Africa, so it's good to see Boris Johnson stepping up and providing personal leadership on this issue. "As hosts of the crucial UN climate summit next year in Glasgow it has a key role in securing a new era of global action to cut emissions and support those already suffering from climate breakdown. The eyes of the world will be on Britain." The UK Prime Minister's speech coincides with a new report from Power Shift Africa which shows that the UK burns more CO2 per person than 18 Commonwealth countries combined. "The UK government announcement on ban of petrol or diesel cars would positively impact the health issues caused by air pollution from such vehicles. It is going to be life saviour for current and future generations," said Quality and Accreditation Institute CEO Bhupendra Kumar Rana. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/lakshmi-vilas-bank-under-moratorium-rbi-caps-maximum-deposit-or-withdrawal-at-25000/articleshow/79267116.cms" data-type="tilCustomLink">Lakshmi Vilas Bank under moratorium— RBI caps maximum deposit or withdrawal at ₹25,000</a> <a href="https://www.businessinsider.in/business/startups/news/urban-ladder-was-the-fourth-startup-from-vani-kola-kalaari-capital-portfolio-to-be-sold-to-reliance/articleshow/79264455.cms" data-type="tilCustomLink">Urban Ladder was the fourth startup from Kalaari Capital’s portfolio to be sold to Reliance – the investment firm’s MD is of the belief ‘selling does not mean sellout’</a>

New petrol and diesel cars sales to be banned in the UK after 2030 under Boris Johnson government's green plan

<ul><li>NIIF’s MD and CEO Sujoy Bose gives a break up of investments across sectors to hit its <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword> targets by 2030.</li><li><keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> needs to invest $200 billion to set up 500GW of non-fossil fuel energy. </li><li>The country needs $160 billion to fund its <keyword id="8411893" type="General" weightage="20" keywordseo="green-hydrogen" source="Orion">green hydrogen</keyword> goals. </li><li>The capex that must be spent towards electric vehicles is $200 billion, says Bose.</li></ul>India needs hundreds of billions of dollars in capital infusion to meet its sustainability and renewable energy targets. Sujoy Bose, the MD and CEO of the National Investment and Infrastructure Fund, has put a number on it – $560 billion. That’s more than a seventh of India’s current GDP of $3.5 trillion. According to Bose, India needs to invest trillions of dollars to achieve its goal of “Net Zero” by 2070. Bose said India’s sustainability goals could not only help it environmentally, but also economically. “India can become a new hub for technology and its deployment. Investing in sustainability is required to be at the forefront of new industries,” Bose said at the annual FICCI Capital Markets conference, adding that these investments could lead to new, higher income jobs as well. This has the implication of uplifting India’s median wages as well, which stood at $400, placed 72nd among 106 countries in a 2020 survey. Here’s a breakdown of the different renewable energy bills India will need to fund, according to Bose: <cmsannotation type="cmsannotation" annotationid="$200 billion for 500GW of non-fossil fuel energy by 2030" comment="subhead" text="$200 billion for 500GW of non-fossil fuel energy by 2030">$200 billion for 500GW of non-fossil fuel energy by 2030</cmsannotation> Currently, 40% of India’s total energy needs are met by renewables and hydro power. The government intends to increase this to 60% by the end of the decade, and that will need over $200 billion in funds, according to Bose. As of now, India’s total renewable energy capacity stands at 160GW, and the government has a goal of expanding it to 500GW by 2030. By the government’s estimates, India’s total energy capacity would more than double from the current 404GW to 820GW by 2030. <cmsannotation type="cmsannotation" annotationid="$160 billion to fund India’s green hydrogen goals" comment="subhead" text="$160 billion to fund India’s green hydrogen goals">$160 billion to fund India’s green hydrogen goals</cmsannotation> Green hydrogen is being seen by many as a key component of achieving “Net Zero” status. This prospect has India’s richest men – Gautam Adani and Mukesh Ambani – excited. Earlier this year, Adani Enterprises announced a partnership with France’s TotalEnergies to create a green hydrogen ecosystem with an investment of $50 billion over the next 10 years. Ambani, on the other hand, pledged $75 billion towards <keyword id="60895" type="General" weightage="20" keywordseo="green-energy" source="Orion">green energy</keyword> – including an undisclosed sum towards green hydrogen. Yet, these announcements are still not close to the total capex required for green hydrogen goals. But help is coming, including from the state-run Indian Oil Corporation, and the Hyderabad-based Greenko group. <cmsannotation type="cmsannotation" annotationid="$200 billion for India’s EV goals by 2030" comment="subhead" text="$200 billion for India’s EV goals by 2030">$200 billion for India’s EV goals by 2030</cmsannotation> The EV revolution might still be on its way to India, but there has been an uptick in EV sales over the past two years — inching towards 5 lakh units. A report by India Energy Storage Alliance (IESA) states that EV sales could increase at a compounded annual growth rate of 49% till 2030, touching total sales of 17 million. For that to materialize, though, Bose says a massive $200 billion capex is needed. <cmsannotation type="cmsannotation" annotationid="Here’s how India can fund its renewable energy goals" comment="subhead" text="Here’s how India can fund its renewable energy goals">Here’s how India can fund its renewable energy goals</cmsannotation> According to Bose, three types of capital will be required to fund India’s renewable energy goals, including equity, risk capital, and debt. “The government has shown the way via the regulatory innovation in the case of renewable energy – the creation of the Solar Energy Corp of India, combined with tools such as priority dispatch, was crucial to give a fillip to private investment in the renewable sector,” he said. He says this has led to renewable energy generation being cheaper than coal-fired power in many cases. For now, though, most of the equity investment in the renewable energy sector is foreign. Bose says that linking international and domestic finance to climate-related projects will help close the gap. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/cant-be-locking-horns-with-zomato-and-swiggy-says-restaurant-body/articleshow/94203208.cms">Can’t be locking horns with Zomato and Swiggy, says restaurant body</a> <a href="https://www.businessinsider.in/stock-market/news/these-are-the-best-and-worst-performing-nifty-indices-in-2022-so-far/articleshow/94149156.cms">These are the best and worst performing Nifty indices in 2022 so far</a> <a href="https://www.businessinsider.in/stock-market/news/explained-what-are-you-in-investing-in-when-youre-investing-in-nifty50/articleshow/94041896.cms">Explained: What are you investing in when you’re investing in Nifty50</a>

The bill for India's renewable energy goals by 2030 – $560 billion

<ul class="summary-list"><li>Scientists replicated their breakthrough December 2022 nuclear fusion experiment.</li><li>But this time, they produced even more energy from the experiment than the first time.</li></ul>In a second successful experiment, US scientists say they produced a <a href="https://www.businessinsider.com/what-is-nuclear-fusion-how-does-it-work-green-energy-breakthrough">nuclear fusion reaction</a> that yields more energy than they put into it.After decades of trying, this is only the second time in history scientists have achieved such a feat, and it could usher in a future age of <a href="https://www.businessinsider.com/sc/clean-energy-trends-to-accelerate-business-sustainability-goals">clean</a><a href="https://www.businessinsider.com/sc/clean-energy-trends-to-accelerate-business-sustainability-goals">er</a><a href="https://www.businessinsider.com/sc/clean-energy-trends-to-accelerate-business-sustainability-goals">, sustainable energy,</a> unlike anything we've ever seen.<h2>Why nuclear fusion is so important for global energy needs</h2>We see the <a href="https://www.businessinsider.com/superconductors-nuclear-fusion-need-chatgpt-moment-2023-8">colossal power of nuclear fusion</a> in action every day — the sun.At the sun's core, immense heat and gravity cause the fusion of hydrogen into helium, generating enough energy per hour to power 2,880 trillion light bulbs for a lifetime, per <a href="https://www.solarreviews.com/blog/how-much-energy-does-the-sun-produce" target="_blank" rel="noopener">Solar Reviews</a>.<a href="https://www.businessinsider.com/we-will-never-have-sun-like-nuclear-fusion-2014-10">Creating that same force</a> that powers the sun here on Earth is a challenge, but worth the effort if we're going to solve the ongoing global energy crisis.Experts expect global electricity consumption to continue to grow through 2050, according to the <a href="https://www.iea.org/reports/world-energy-outlook-2022/outlook-for-electricity" target="_blank" rel="noopener">International Energy Agency</a>. Increasing oil prices and attempts to curb greenhouse gas emissions are <a href="https://www.iea.org/news/renewable-power-s-growth-is-being-turbocharged-as-countries-seek-to-strengthen-energy-security" target="_blank" rel="noopener">driving demand</a> for renewable and greener energy.Fusion can provide both.Fusion generates between <a href="https://climate.mit.edu/explainers/fusion-energy" target="_blank" rel="noopener">20 million to 100 million</a> times more energy per kilogram of fuel compared to fossil fuels. About a gram of fuel for nuclear fusion is the equivalent of 2,400 gallons of oil, according to the <a href="https://www.energy.gov/science/doe-explainsdeuterium-tritium-fusion-reactor-fuel" target="_blank" rel="noopener">Department of Energy</a>.The sources of fuel for nuclear fusion, <a href="https://www.iaea.org/newscenter/news/what-is-nuclear-fusion" target="_blank" rel="noopener">seawater and lithium</a>, are also abundant and produce carbon-free energy. Meaning that unlike fossil fuels, nuclear fusion doesn't contribute to greenhouse gases in the atmosphere that are driving <a href="https://www.businessinsider.com/terrible-effects-of-climate-change-2014-10">climate change</a>."This milestone moves us one significant step closer to the possibility of zero carbon abundant fusion energy powering our society," Secretary of Energy Jennifer Granholm <a href="https://news.yahoo.com/what-is-nuclear-fusion-and-could-it-change-our-energy-future-204950855.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAAhWvp9C3-bHw6HW7G6AfWtqbRdWq5yrk7SkYlDXTMmHoFsJPhcbllH__vOCeq--Np1sjHAEu349G3oyKzc3SJrzm54ArIFhAHmclf6IP2WWH1PpeeLDR4uCJfVdCyiMiAPeqzt6PfCyU2rW-PIU0VIb4W1U5qYRGGyb8M3fo1V7" target="_blank" rel="noopener">said</a> after the December 2022 breakthrough experiment.<h2>2 major breakthroughs in nuclear fusion</h2>In December 2022, US scientists generated 3.15 megajoules of energy from a nuclear fusion experiment — 1.1 megajoules more than the 2.05 megajoules used to power the reaction.It was a major breakthrough and the first time a fusion experiment had ever generated an energy surplus. But the breakthrough was recently usurped. The most recent reaction performed better than the original, according to early reports.Both experiments took place at the National Ignition Facility, part of the <a href="https://www.businessinsider.com/manhattan-project-scientists-who-won-nobel-prizes-2023-7">Lawrence Livermore National Laboratory</a>.<div type="image" title="A a gold-plated hohlraum from the National Ignition Facility glows green against a black background" height="3333" width="4444" msid="102548013" hostid="261" sizebytes="482850"></div>The early results from the July 30 experiment showed an output greater than 3.5 megajoules, the <a href="https://www.ft.com/content/a9815bca-1b9d-4ba0-8d01-96ede77ba06a" target="_blank" rel="noopener">Financial Times</a> reported.That's almost 1 kilowatt hour. To put that in perspective, many <a href="https://www.energystar.gov/most-efficient/me-certified-clothes-washers/results?is_most_efficient_filter=Most+Efficient" target="_blank" rel="noopener">Energy Star clothes washers</a> use about 100 kWh each year, so 1 kWh is enough to power one of those washers for about three loads.The experiment's success, however, requires additional analysis before the scientists are ready to release more details and publish their results in a peer-reviewed scientific journal."As is our standard practice, we plan on reporting those results at upcoming scientific conferences and in peer-reviewed publications," Paul Rhien, a public rep with the laboratory, said in an emailed statement.<h2>Why nuclear fusion beats nuclear fission</h2>Current nuclear power plants use <a href="https://www.energy.gov/ne/articles/fission-and-fusion-what-difference" target="_blank" rel="noopener">fission to make energy</a>. Unlike fusion, which joins atoms together to generate energy, fission splits atoms apart.Fission is actually what powers <a href="https://www.businessinsider.com/what-happened-when-the-trinity-test-bomb-detonated-2023-7" target="_blank" rel="noopener">atomic bombs</a>, which were first developed out of the Manhattan Project run by <a href="https://www.businessinsider.com/life-career-of-j-robert-oppenheimer-father-of-atomic-bomb-2023-6">J. Robert Oppenheimer</a>. Eventually, scientists learned to harness fission in reactors to generate energy.For some, the ultimate goal, however, is not fission, but fusion reactors.Both fusion and fission release large amounts of energy. But joining two hydrogen nuclei to form helium doesn't generate the same <a href="https://radioactivity.eu.com/nuclearenergy/long_lived_fission_products" target="_blank" rel="noopener">long-lived nuclear waste products</a> that breaking apart uranium and plutonium does.While fission creates a chain reaction, nuclear fusion reactors of the future would not, avoiding the <a href="https://www.vox.com/2014/4/16/5580192/the-comprehensive-guide-to-fusion-power" target="_blank" rel="noopener">risk of a meltdown</a>.Fusion can also create four times as much energy as fission, according to the <a href="https://www.iaea.org/newscenter/news/what-is-nuclear-fusion" target="_blank" rel="noopener">International Atomic Energy Agency</a>.<h2>Scientists still have a few challenges ahead before the nuclear fusion revolution</h2>While NIF seems to be on its way to repeatedly generating extra energy from its nuclear experiments, there are several obstacles still ahead before the world runs on fusion reactors, experts have said.To start, the NIF method requires radioactive materials. It uses a tiny capsule of deuterium and tritium, two hydrogen <a href="https://www.businessinsider.com/oppenheimer-science-to-understand-physics-atomic-bombs-2023-7">isotopes</a>, and 192 lasers. Tritium is radioactive, and Arjun Makhijani, president of the Institute for Energy and Environmental Research, <a href="https://thebulletin.org/2023/06/exploring-tritiums-danger-a-book-review/" target="_blank" rel="noopener">has argued</a> that many of its health effects are under-studied.Moreover, Daniel Jassby, a physicist formerly with the Princeton Plasma Physics Laboratory, <a href="https://thebulletin.org/2017/04/fusion-reactors-not-what-theyre-cracked-up-to-be/" target="_blank" rel="noopener">wrote in 2017</a> that fusion reactors would still generate radioactive material that would have to be buried. The waste's level of radioactivity would be lower, but there would be more of it, Jassby wrote.It also took a <a href="https://phys.org/news/2023-08-lab-nuclear-fusion-feat-higher.html" target="_blank" rel="noopener">large amount of energy</a> to power the NIF's lasers, a problem that scientists need to solve before scaling up the process to provide electricity to a grid. The yield would have to be much higher and the operation much quicker, according to a recent report in <a href="https://www.sciencedirect.com/science/article/abs/pii/S0301421523000964" target="_blank" rel="noopener">Energy Policy</a>.Even with the new breakthroughs, it could <a href="https://www.bbc.com/news/science-environment-60312633" target="_blank" rel="noopener">take decades</a> for the technology to be competitive with current methods of energy production. But it is another promising step to a clean energy future.

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