Technology

Countries are ramping up renewable energy plans, but not fast enough

Published

1 year ago

November 12, 2024

Countries are ramping up renewable energy plans, but not fast enough

Governments around the world agreed to triple renewable energy capacity by the end of the decade during pivotal United Nations climate talks at a summit in Dubai last year. As the annual climate negotiations kick off again this week, there’s been some progress on that goal — but not nearly enough.

An assessment of national energy plans says that countries are on track to double global renewable energy capacity by 2030. There’s a lot of opportunity for growth with the falling cost of wind and solar, but whether policymakers are ready to ditch fossil fuels is a trickier question.

“Renewables markets have moved, but governments’ ambitions have not.”

“Renewables markets have moved, but governments’ ambitions have not,” Katye Altieri, electricity transition analyst at energy think tank Ember, said in a press release published alongside the new report.

More than 130 countries pledged last year to triple global renewables capacity. Ember assessed 96 countries and the EU that together represent 95 percent of global electricity demand. It found that only eight countries — all within the European Union — had actually updated their national renewable energy targets over the past year (before late October). Their updated national targets would only increase global renewables capacity by a meager four gigawatts, leaving plenty of room for improvement. Countries’ existing plans in 2023 were already enough to double global renewable energy capacity. But achieving the goal of tripling capacity would require an additional 3,758GW, the report says.

The good news is that industry forecasts look brighter than what’s reflected in national policies, and renewables can grow, even with lawmakers dragging their feet on climate action. Solar and wind are already more affordable power sources than fossil fuels in most of the world, with solar deployment on track to see a 29 percent increase in installations this year compared to last, according to Ember’s estimates. That follows a whopping 87 percent surge in solar installations in 2023.

Global capacity in gigawatts, by technology.

Image: Ember

Those gains put solar, in particular, on schedule to meet the 2030 goal of tripling capacity. But there are still shortfalls when it comes to wind power and batteries needed to store renewable energy when sunshine and gales wane. A separate analysis by the International Energy Agency earlier this year said that power grids around the world will need a nearly 15-fold increase in energy storage by 2030, mostly in the form of batteries.

Delegates from close to 200 countries are convening at the UN summit in Baku, Azerbaijan, this month to try to set new targets to combat climate change. The focus this year is on securing more funding from wealthy nations to help less affluent countries transition to cleaner energy and adapt to worsening climate disasters.

But the US, the biggest historical emitter of greenhouse gas emissions, has cast a shadow over international negotiations. President-elect Donald Trump has pledged to take the US out of the Paris climate agreement and routinely spreads misinformation about renewable energy, including unfounded claims about offshore turbines killing whales.

Trump has also said he would rescind unspent funds from the Inflation Reduction Act, which includes $369 billion in federal funding on climate and clean energy and has triggered more than $200 billion in clean energy investment in the US.

A Trump-inspired “retreat” on renewable energy could be a boon to competitors including China that already dominate clean energy markets. Repealing the Inflation Reduction Act would deal a blow to US manufacturing and trade, likely ceding $80 billion in investment opportunities to other countries, according to a recent analysis by the Net Zero Industrial Policy Lab at Johns Hopkins University.

Under the international treaty on climate change brokered in Paris in 2015, each country is due to submit an updated national climate plan by February. It’s an opportunity to get the world closer to tripling renewables, Ember notes. Those national plans are expected to start rolling in with talks underway in Baku.

After all, an underlying question gnaws at every round of climate negotiations: how big of an impact can these splashy summits have unless delegates can turn promises into action at home?

Technology

Betterment’s financial app sends customers a $10,000 crypto scam message

Published

11 hours ago

January 10, 2026

Press Room

Betterment’s financial app sends customers a ,000 crypto scam message

We’ll triple your crypto! (Limited Time)

Bryan: Betterment is giving back!

We’re celebrating our best-performing year yet by tripling Bitcoin and Ethereum deposits for the next three hours.

For example, if you send $10,000 in Bitcoin or Ethereum, we’ll send you right back $30,000 to your sending Bitcoin or Ethereum address.

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Technology

Fox News AI Newsletter: 10 showstopping CES innovations

Published

12 hours ago

January 10, 2026

Press Room

The LG CLOiD robot and the LG OLED evo AI Wallpaper TV are displayed onstage during an LG Electronics news conference at CES 2026, an annual consumer electronics trade show, in Las Vegas, Jan. 5, 2026. (REUTERS/Steve Marcus)

NEWYou can now listen to Fox News articles!

Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements.

IN TODAY’S NEWSLETTER:

– CES 2026 showstoppers: 10 gadgets you have to see
– Construction giant unveils AI to help prevent job site accidents: ‘It’s essentially a personal assistant’
– Fox News gets exclusive look at company helping businesses nationwide harness AI-powered robots to boost efficiency and fill labor gaps

CES 2026 put health tech front and center, with companies showcasing smarter ways to support prevention, mobility and long-term wellness. (CES)

FUTURE IS NOW: Every January, the Consumer Electronics Show, better known as CES, takes over Las Vegas. It’s where tech companies show off what they’re building next, from products that are almost ready to buy to ideas that feel pulled from the future.

SAFER SITES: Construction equipment giant Caterpillar has unveiled a new artificial intelligence (AI) tool designed to improve job site safety and boost efficiency as the industry grapples with labor shortages.

FUTURE OF WELLNESS: The Consumer Electronics Show, better known as CES, is the world’s largest consumer technology event, and it’s underway in Las Vegas. It takes over the city every January for four days and draws global attention from tech companies, startups, researchers, investors and journalists, of course.

FUTURE OF WORK: As artificial intelligence is rapidly evolving, Fox News got an exclusive look at a company helping businesses nationwide harness AI-powered robots to boost efficiency and fill labor gaps. RobotLAB, with 36 locations across the country and headquartered in Texas, houses more than 50 different types of robots, from cleaning and customer service bots to security bots.

The LG CLOiD robot and the LG OLED evo AI Wallpaper TV are displayed onstage during an LG Electronics news conference at CES 2026 in Las Vegas, Jan. 5, 2026. (REUTERS/Steve Marcus)

COMPUTE CRUNCH: The price tag for competing in the artificial intelligence race is rapidly climbing, fueling demand for advanced computing power and the high-end chips that are needed to support it. Advanced Micro Devices (AMD) CEO Lisa Su said demand for AI computing is accelerating as industries rush to expand their capabilities.

AI GONE WRONG: A California teenager used a chatbot over several months for drug-use guidance on ChatGPT, his mother said. Sam Nelson, 18, was preparing for college when he asked an AI chatbot how many grams of kratom, a plant-based painkiller commonly sold at smoke shops and gas stations across the country, he would need to get a strong high, his mother, Leila Turner-Scott, told SFGate, according to the New York Post.

DR CHAT: ‘The Big Money Show’ panelists weigh in on a report on people turning to ChatGPT for medical and healthcare questions.

‘FUNDAMENTALLY DEFLATIONARY’: OpenAI Board Chair Bret Taylor discusses artificial intelligence’s potential to change traditional work and its increasing use in healthcare on ‘Varney & Co.’

MIND TRAP ALERT: Artificial intelligence chatbots are quickly becoming part of our daily lives. Many of us turn to them for ideas, advice or conversation. For most, that interaction feels harmless. However, mental health experts now warn that for a small group of vulnerable people, long and emotionally charged conversations with AI may worsen delusions or psychotic symptoms.

A California teenager sought drug-use guidance from a ChatGPT chatbot over several months while preparing for college, his mother told SFGate, according to the New York Post. (Kurt “CyberGuy” Knutsson)

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Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future with Fox News here.

This article was written by Fox News staff.

Technology

Meta expands nuclear power ambitions to include Bill Gates’ startup

Published

23 hours ago

January 9, 2026

Press Room

Meta expands nuclear power ambitions to include Bill Gates’ startup

These AI projects include Prometheus, the first of several supercluster computing systems, which is expected to come online in New Albany, Ohio, sometime this year. Meta is funding the construction of new nuclear reactors as part of the agreements, the first of which may come online “as early as 2030.” These announcements are part of Meta’s ongoing goal to support its future AI operations with nuclear energy, having previously signed a deal with Constellation to revive an aging nuclear power plant last year.

Financial information for the agreements hasn’t been released, but Meta says that it will “pay the full costs for energy used by our data centers so consumers don’t bear these expenses.”

“Our agreements with Vistra, TerraPower, Oklo, and Constellation make Meta one of the most significant corporate purchasers of nuclear energy in American history,” Meta’s chief global affairs officer, Joel Kaplan, said in the announcement. “State-of-the-art data centers and AI infrastructure are essential to securing America’s position as a global leader in AI.”