✌️ Global fight against inflation nearing victory, according to IMF
IMF predicts global inflation will drop from 6.7 percent in 2023 to 4.3 percent in 2025. The inflation reduction has been achieved without a global recession, and the US economy continues to grow by 2.8 percent in 2024.
🔋 The U.S. has installed batteries equivalent to 20 nuclear power plants in four years
The US has installed batteries with a capacity of over 20 gigawatts to the power grid, of which 5 gigawatts were added during the first seven months of this year. The batteries have already proven effective in preventing power outages in states like California during intense heat waves.
⚡ New drilling technology from the oil industry provides fossil-free electricity around the clock
The cost of drilling geothermal wells has decreased by 80%. Cold water is pumped down four kilometers into the ground through a hockey stick-shaped borehole and heated to steam by the heat down there. The steam returns through a parallel borehole and drives turbines that produce electricity.
🐝 The number of bee colonies in the world is increasing significantly
Globally, the number of bee colonies has increased by 47 percent since 1990, from 69.2 million to 101.6 million colonies in 2021. There was initially a decrease during the 90s, but in the 2000s it has turned upward
⚕️ Egypt has eradicated malaria
The World Health Organization, WHO, has certified Egypt as malaria-free after nearly a hundred years of work against the disease. The disease has been present in the country for over 4000 years. Egypt is one of 44 countries that WHO has certified as malaria-free.
💰 Young AI companies generate revenue faster than previous tech companies
AI startups reach million-dollar revenues in just eleven months. This can be compared to 15 months for the previous generation of SaaS companies. Top AI companies reach $30 million in annual revenue five times faster than previous software companies.
🌳 100 million trees to be planted in Africa to reduce carbon dioxide in the atmosphere
The company Aspiration has committed to planting 100 million trees in East Africa by 2025. Reforestation increases nature's ability to absorb greenhouse gases from the atmosphere. Over 9.5 million trees have already been planted and 8,500 farmers are participating in an agroforestry program.
🌡️ Heat pumps reduce energy use by 40 percent, according to a new study
A new study shows that heat pumps significantly reduce household energy consumption. Household carbon dioxide emissions decreased by 36 percent. Time-of-use electricity tariffs caused households to more than double their electricity consumption during off-peak hours and halve it during peak hours.
🌞 Australia leads the world in rooftop solar energy
Australia has installed rooftop solar panels on a scale that surpasses all expectations. More than a third of all households in the country now generate their own electricity from the sun. Home-based solar energy accounts for 11.6 percent of electricity production in Australia's main power grid.