How New Energy Resources Affect the Global Economy

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New York, NY, July 30, 2021 (GLOBE NEWSWIRE) — The electric power industry is changing at a rapid speed. Customers and companies are looking for more cost-effective ways to ramp up renewable electricity generation from wind, solar and hydropower, deploy electric vehicles, charging stations, electrify buildings, and reduce methane from natural gas—a transformation that comes with significant benefits to global energy and the global economy.

Still, with these benefits in mind Dr. Joe Nyangon, a global energy economist and expert on clean energy technology, warns that if the transition to these new energy resources is not handled properly, power systems and costs could be adversely affected, putting the world’s energy landscape in a worse place than it is now. Handling these transitions properly is crucial, not just for the safety of our climate, but for the well-being of economies across the globe. Regulators and utility companies concur that this…

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