Spotify is the latest streaming service to hike its prices.

The cost of solar power has dropped by nearly 90 per cent over the last decade, according to new research, taking it towards a key level that will make fossil fuel-generated power no longer economically viable. Calculations by Berlin-based Mercator Research Institute on Global Commons and Climate Change (MCC) found that the plummeting price of electricity produced by solar panels – down 87 per cent since 2013 – means the transition to renewable energy sources is “cheaper than expected”. The falling costs of batteries and other renewable technologies could also help supercharge the trend towards cleaner energy and meeting climate targets. “Some calculations even suggest that the world’s entire energy consumption in 2050 could be completely and cost-effectively covered by solar technology and other renewables,” said Felix Creutzig, who led the research. “This is an extremely optimistic scenario – but it illustrates that the future is open. Climate science, which provides policymakers with guidance in its scenario models, must reflect technical progress as closely as possible.” The publication of the research follows recent analysis that showed the cost of batteries fell by nearly 10 per cent last month. Energy analytics firm Benchmark Mineral Intelligence said the drop below $100/ kilowatthour (kWh) in August took batteries past a “tipping point” that puts electric vehicles (EVs) on a price parity with fossil fuel-burning vehicles. As well as accelerating the transition to EVs, the fall in battery prices is also a big boost for renewable energy technologies like solar and wind installations, as they use batteries to store excess energy during periods of overproduction. The falling costs for renewable technologies has been attributed to scientific breakthroughs that make them more efficient, as well as decreasing raw material costs. “Greenhouse gas emissions are higher than ever and the measures taken so far are too weak, but in this politically difficult situation, technological progress provides a ray of hope,” said Jan Minx, head of the MCC Applied Sustainability Science working group and one of the leaders of the latest research. “New scenario models, some of which are starting to be explored, are likely to demonstrate in the foreseeable future that the global climate transition might not be as expensive as previously assumed, and may even be cost saving – provided it is finally tackled.” The research was detailed in a study, titled ‘Technological innovation enables low cost climate change mitigation‘, which was published in the journal Energy Research and Social Science. Read More Hundreds of years after it was discovered, one material is about to change the world Solar panel breakthrough could supercharge ‘miracle material’ production Scientists invent solar panels that work in a snow blizzard New discovery is ‘holy grail’ breakthrough in search for aliens, scientist say

SAVE $249.01: The ultra-popular M1 MacBook Air with 256GB of built-in storage is back down

Corporations relying on carbon credits to support their green claims now face “robust and credible” proof that the

The sexual relationship that lasted almost two months reportedly began in October 2014

President Joe Biden's administration detailed new rules Wednesday limiting US investments in advanced technology industries in China in an effort to protect national security at a moment of heightened tension with Beijing.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jun 22, 2023--

"It's showtime!" wrote Linda Yaccarino, CEO of Twitter (or X, if you must), the day

An exoplanet more than eight times the size of Earth and potentially habitable has been discovered by scientists. Exoplanet K2-18 b was detected by NASA’s James Webb Space Telescope and piqued scientists’ interest after data suggested it may be covered in an ocean and have a hydrogen-rich atmosphere that could support life. Scientists are also encouraged by a hint of the detection of the molecule dimethyl sulphide (DMS). On Earth, DMS is only produced by microbial life, but the team has yet to confirm the detection and search for evidence of biological activity. The groundbreaking discovery of K2-18 b may see the exoplanet come under the unique classification of a “Hycean” planet – ones which are candidates for life thanks to their hydrogen-rich atmospheres and water cover. The amount of methane and carbon dioxide combined with the shortage of ammonia suggests there may be a water ocean underneath a hydrogen-rich atmosphere in K2-18 b. K2-18 b lies within the constellation of Leo and orbits a dwarf star called K2-18. It lies around 120 light years away from Earth and is within the habitable zone. However, scientists added that this does not necessarily mean it can support life. Nikku Madhusudhan, an astronomer at the University of Cambridge and lead author of the paper, explained: “Our findings underscore the importance of considering diverse habitable environments in the search for life elsewhere. “Traditionally, the search for life on exoplanets has focused primarily on smaller rocky planets, but the larger Hycean worlds are significantly more conducive to atmospheric observations.” Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Elon Musk agreed with xQc's feedback about the live video streaming button on X needing some tweaking

NEW YORK--(BUSINESS WIRE)--Jul 12, 2023--

For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause, which went into effect in March 2020, provided relief to nearly 44 million borrowers by freezing their accounts.