Creative destruction is one of the fundamental principals of capitalism. In theory, when a business no longer serves the needs of the marketplace, it will be destroyed and replaced by one that does. That’s pretty much what officials in San Francisco have in mind as they contemplate what will replace Pacific Gas & Electric after it filed for bankruptcy in January. “We need to take advantage of this opportunity because the crisis of climate change is a crisis,” San Francisco Supervisor Hillary Ronen said during a recent hearing. “We really need to take it to the next level, and that next level is a complete build out so that we are providing 100 percent renewable energy to all of our customers.” According to a report by Renewable Energy World , the city thinks it could buy the grid infrastructure — wires and poles — left behind by PG&E to serve as the backbone for a new full service municipal utility. If so, one of the principal goals of the new enterprise will be bringing 100% renewable energy to the residents of the city together with the new jobs those new sources of electricity will create. The city already has […]
Latest Articles
Turkey Launches Its First Homegrown Automotive Company & It’s Electric!
Takeaways: Turkey has established itself as a global automotive manufacturing powerhouse.
The Turkish government, looking to capitalize on electric vehicles in the country, launched...
Everybody Clap! Endangered Seal Species Hits Comeback Milestone
Takeaways: The population of Hawaiian monk seals, found only in Hawaii, has surpassed 1500 seals.
This is higher than their number has been in...
This Parisian Hotel Is a ‘Living Building’ With a Glorious Green Facade
Takeaways: Villa M. in the south of Paris is hotel that is dramatically covered in plants.
The plant façade is intended to grow into...
No More Russian Oil: How Europe Could Cut 35% Of Its Transport Oil Demand
Takeaways: The UK and the European Union have announced plants to phase out Russian oil imports by the end of 2022.
Almost all of...
Lessons from Panda Conservation Could Help Asia’s Other, Overlooked, Bears
Takeaways: Pandas conservation efforts are largely due to the public attention they have gotten over the years which have led to significant funding to...
A Massive Solar Power Farm Will Be Built in California Desert
Takeaways: A major solar energy project, the Crimson Solar Project will be built in the Californian desert.
Once completed, it will have the capacity...