IRENA says green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of states with new hydrogen exporters and users emerging.
Category: economics – Page 73
It is clear to see that the variety of businesses, individuals, and entities that could potentially operate in the metaverse is vast. The widespread use and acceptance of decentralization through the growth of crypto, NFTs, and DeFi point to a fully-realized future operating outside of the parameters of today’s established markets.
Evidently, therefore, the metaverse is not a sci-fi fantasy conjured up in a dystopian novel, but a more tangible and natural progression for the current structuring of the internet. The founding principles of the metaverse have already been introduced in many ways. Now its development centers on blockchain technology and DeFi to propel it from the conceptual stage towards the implementation phase. This development will allow us to firmly realize the true extent that the metaverse will impact our lives.
The gaming industry is one such sector that stands to benefit greatly from developments arising in the metaverse. Gaming skins, which are in-game avatar outfits, are expected to trade at a level of $40 billion every year. Eighty-one percent of players aware of these skins want to trade them for real-world money, according to a report from DMarket. Currently, there is no method of transferring skins across gaming universes or trading them for currency. In the metaverse, however, as every separate gaming universe is connected through a decentralized economy, this would be possible. The use of metaverse-based banks would also enable transactions like these.
Silicon-based, nuclear, quantum gate computers? In this economy? Get ready for the future, Uncle Sam’s footing the bill. property= description.
Over 70,000 jobs will be created through the rising battery manufacturing in Europe within the next years, new studies predict.
The energy supply in Germany and Europe has never been more in flux. As the success of renewable energies continues to mount, another technology is coming into focus. Energy storage technologies and battery storage systems in particular are becoming increasingly important with the advancement of the energy transition. This development also has significant implications for Germany as an economic center, since battery production is expected to create thousands of jobs here in the future.
Europe has not traditionally played a very significant role as a site for battery cell production, but technical advances, favorable political conditions and an especially promising sales market are making the continent increasingly attractive for battery production. A look at the key role that battery cell production plays in upstream value chains – throughout the renewable energy supply sector and especially in the manufacture of electric vehicles – makes its significance clear. Battery cells represent approximately 40 percent of the value added in the production of an electric vehicle. So it is no wonder that production capacities for lithium-ion batteries are growing faster in Europe than in any other region of the world. Current forecasts predict that the continent’s share in this global manufacturing business will increase from around 6 percent now to 16 to 25 percent by 2030.
Numerous battery cell manufacturing plants are currently being built in Europe. According to Benchmark Mineral Intelligence, Europe is expected to host manufacturing facilities capable of producing more than 300 gigawatt hours (GWh) of battery capacity by 2029. The meta-study “Batteries for electric cars: Fact check and need for action,” commissioned by VDMA and carried out by Fraunhofer Institute for Systems and Innovation Research ISI, even suggests that production capacities of 300 to 400 GWh could be achieved by 2025. The website Battery-News.de anticipates that the German market alone will account for more than 170 GWh of production capacity. By way of comparison, Europe currently has around 30 GWh of production capacity.
In our latest Short-Term Energy Outlook, we forecast that U.S. energy-related carbon dioxide (CO2) emissions will increase in both 2022 and 2023 but remain below 2019 levels. In 2020, U.S. energy-related CO2 emissions decreased by 11% as energy use declined during the onset of the COVID-19 pandemic. As the U.S. economy began to return to pre-COVID activity, CO2 emissions increased by an estimated 6% in 2021. We expect increasing economic activity, along with other factors, will result in those emissions increasing by another 2% in 2022 and remaining virtually flat in 2023.
We forecast that, by 2023, U.S. energy-related CO2 emissions will total 4,971 million metric tons (MMmt) — still 3% below the 5,144 MMmt of CO2 emissions generated in 2019 and 17% below the peak level of 6,016 MMmt in 2007.
U.S. petroleum-related CO2 emissions increased 8% in 2021, and we forecast that they will increase by another 5% in 2022 and an additional 1% in 2023 as travel activity continues to increase. We forecast that in 2022, the number of vehicle miles traveled in the United States, which affects motor gasoline and diesel consumption, will return to 2019 levels and that air travel will increase by 4% over 2019.
Hoffmann La Roche.
Ms. Fanny Sie is the One Roche Head of Artificial Intelligence and Digital Health, at F. Hoffmann-La Roche Ltd. (https://www.roche.com/), a multinational healthcare company that operates in both the Pharmaceuticals and Diagnostics segments, and in 2021 was the world’s largest pharma company by revenue.
With her BS and MS from the University of Toronto, Ms. Sie is very focused on applications of Digital Health, and innovative techniques such as Artificial Intelligence, to generate actionable insights that may breed exponential improvements in both patient outcomes and economic development (https://www.roche.com/strongertogether/data-science-coalition.htm).
CATL warns investors its expansion plans may not keep up with demand and that advanced solid-state batteries won’t be commercially available until 2035 — at the earliest.
The rules that govern stock markets in China are different than they are in other countries. Recently, CATL, the largest battery manufacturer in China, revealed plans to invest enormous amounts of money to increase its production capacity. But first it had to convince the Shenzhen Stock Exchange that its plans were realistic and in line with sound business practices. In response to several questions put to it by the stock exchange, the company said solid-state battery development faces technical difficulties that will prevent mass production from occurring for a long time yet.
According to CnEVPost, CATL was asked to explain the development of technology paths for solid-state batteries, sodium ion batteries, and hydrogen fuel cells, along with the risks that each could pose to its operations and capacity expansion. Solid-state batteries and hydrogen fuel cells have certain technical features and advantages, but there are still unresolved technical problems and barriers to mass production, the company said.
These new technologies are subject to cost economics, performance indicators, and industry chain support constraints, and it will take a long time from technical problem solving and customer certification approval to mass production, CATL said, adding that it is still some distance away from achieving mature commercial applications.
They claim that more than 100,000 passengers could be affected in a single day. 🤔
#engineering
Several high-profile executives of U.S. airlines warned on Monday, January 17, of an oncoming “catastrophic” aviation crisis that will take hold by Wednesday should AT&T and Verizon activate their new 5G services, a report from Reuters reveals.
In a letter obtained by Reuters, the CEOs of several passenger and cargo airlines in the United States, including Delta, United, and Southwest Airlines, warned that signals from the two companies’ new C-Band 5G cell towers could interfere with navigation and safety equipment on their planes.
At first glance, Cui is depicted as a beautiful young professional in her 20s who joined Vanke’s accounting department in February 2021 and is the recipient of the company’s Best Newcomer Award. Cui has a 91.44 percent success rate in collecting overdue payments. In December 2021, Baixin Bank launched its first virtual employee named AIYA, and Jiangnan Rural Commercial Bank launched its VTM digital employees. Earlier in April 2019, Shanghai Pudong Development Bank introduced its first AI-powered digital employee named Xiaopu, capable of serving its bank users at different posts Notably, China’s first “meta-human” AYAYI made its debut on Chinese e-commerce platform Xiaohongshuin in May 2021. The hyper-realistic digital human garnered three million views on its first post.
According to a 2019 report compiled by Deloitte, a global professional services network, experts predict that using AI at a larger scale will add as much as $15.7 trillion to the global economy by 2030.Deloitte’s report shows that from 2015 to 2020, the average annual compound growth rate of the global artificial intelligence market was 26.2 percent, while the growth rate of the Chinese AI market during the same period was 44.5 percent. Another report by Deloitte suggests that in 2025 the scale of China’s artificial intelligence industry will exceed $85 billion.
Presently, there are about 2,600 artificial intelligence companies in China. Most located in Beijing’s Haidian District technology hub, The Center for Security and Emerging Technology (CSET), a U.S. think tank, estimated the CCP’s total R&D investment in artificial intelligence in 2018 was between $2 billion and $8.4 billion.
From news anchors to company employees, AI-powered virtual humans have quickly taken over human posts in China.
The Throne goes further in its realization of a circular economy by composting the waste produced by users and using this compost locally. Eventually, the teams want to put the technologies and tools in the hands of local communities. When innovation is shared fairly and the carbon footprint created by logistics and shipping of these products can be greatly reduced. The Throne is just one example of the possibilities of what additive manufacturing can do for scaling sustainable design and development – it’s only waste if you waste it!