Supercomputer shows higher costs for delayed climate action
For Europe to decarbonize in compliance with the Paris Climate Accord, the cheapest way of getting there is via immediate massive investments in known technologies like wind and solar rather than waiting for newer, more efficient possibilities, a new study shows.
The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.