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Michaelstuct

26 Jul 2025 - 10:44 pm

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Whilst Egypt’s summer heat increases its electricity demand, it could also offer a solution. The south of Egypt, where Scatec’s new project is breaking ground is “in the magic solar belt,” said Elgendy. According to the Global Solar Atlas, Egypt has the fourth-highest solar PV (photovoltaic) potential of any country.
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Historically, solar energy has been hampered by its intermittency — solar panels only work during the day and large-scale battery storage has been too expensive. However, falling battery prices, combined with the lower operational and installation costs of solar power means that projects that combine solar generation with battery storage, like Obelisk, could overcome this problem.

Because of its size and prime location, Obelisk, Elgendy said, “can demonstrate value for the rest of the region, for the rest of the world, that ‘solar plus batteries’ can take away this primary weakness.”
The cost of battery storage projects has dropped by 89% between 2010 and 2023, driven by growing production capacity, especially in China. This drop, Elgendy said, means that by 2027 solar plus battery plants will be “the cheapest form of (any kind of electricity) generation.” A report by the Global Solar Council said that the availability of energy storage is a “major driver for increased solar installations globally.” However, whilst global battery storage capacity hit 363 gigawatt hours (GWh) in 2024, Africa only has 1.6 GWh.

Whilst battery prices have dropped and solar is cheap to operate, these plants still need large investments to build, and the money can be hard to find, Elgendy said, adding that the “risk premium” of investing in the developing world means that these projects are more expensive to build in Africa. The continent attracted only 3% of global energy investments in 2024.

Obelisk will receive $479.1 million in funding from the European Bank for Reconstruction and Development, the African Development Bank, and British International Investment. The first 561 MW of solar power and the full battery capacity are due to be online in the first half of 2026, and reach the full 1.1 gigawatt capacity by the end of the year.

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26 Jul 2025 - 08:08 pm

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26 Jul 2025 - 08:07 pm

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But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods.

“A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said.

Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.

When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.

Costs of free trade
While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.

One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.

That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.

He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.

In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.

Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.

However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”

But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.

As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.

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26 Jul 2025 - 07:45 pm

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26 Jul 2025 - 06:02 pm

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El tema del articulo son los criptosaimes, tanto centralizados como descentralizados. Vamos a decirnos cual es la diferencia entre este tipo de criptocredito y como pedir un credito con garantia de criptomoneda.
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Se destacan dos tipos de prestamos, centralizados y descentralizados. La diferencia principal es quien procesa el proceso de credito y endeudamiento; Una empresa o un protocolo automatizado.

Los prestamos centralizados se basan en empresas que controlan totalmente el proceso, fijan tipos de interes, utilizan un sistema castodial de proteccion de activos (guardan todas las divisas digitales y filmicas en sus cuentas) y recogen informacion sobre los usuarios. Esta ultima se realiza mediante la verificacion KYC/AML. Ademas, los lugares centralizados de trabajo celebran acuerdos de credito individual con cada cliente y pueden establecer asociaciones con otras organizaciones.

Los prestamos DeFi son diferentes. Se gestionan con un conjunto de protocolos basados en contratos inteligentes que automatizan la distribucion de creditos, la instalacion y el pago de tipos de interes. Como regla, las plataformas DeFi no custodiales, no exigen KYC y son concentrados solamente en criptomonedas, y no al fiat. El usuario puede almacenar sus activos sin confiar en ella, por ejemplo, utilizando un «pen drive» para almacenar la criptomoneda.Los tipos de interes varian segun la demanda y la oferta del mercado; Sin embargo, suelen ser inferiores a las tasas propuestas por las plataformas centrales. DeFi Prestamo en criptoprestamos son mas transparentes, puesto que cualquiera que desea puede estudiar la informacion sobre las transacciones en los blokcheyn-comentadores accesibles.

Robertpaw

26 Jul 2025 - 05:24 pm

‘Hire back park staff’: Visitors feel the pinch of Trump’s layoffs at National Park Service
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The visitors who trek to America’s national parks are already noticing the changes, just months after President Donald Trump took office.

“I’ve been visiting national parks for 30 years and never has the presence of rangers been so absent,” one visitor to Zion National Park wrote in National Park Service public feedback obtained by CNN.

The visitor said they saw just one trail crew at the iconic Utah park. There were no educational programs offered at any of the five parks they visited on their trip.
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“Hire back park staff. We need them,” the visitor wrote.

At Yosemite, another visitor said there were no rangers at the Hetch Hetchy reservoir entrance station, preventing visitors from picking up wilderness permits.

“More staff would be a BIG and IMPORTANT improvement,” that visitor wrote.
America’s most treasured national parks are getting crunched by Trump’s government-shrinking layoffs just as the summer travel season gets into full swing.
Top officials vowed to hire thousands of seasonal employees to pick up the slack after the Trump administration fired around 1,000 NPS employees as part of wide-ranging federal firings known as the “Valentine’s Day Massacre.” Department of Interior officials said in a February memo they would aim to hire 7,700 seasonal workers at NPS, and post listings for 9,000 jobs.

But those numbers haven’t materialized ahead July 4th — the parks’ busiest time of the year. Internal National Park Service data provided to CNN by the National Parks Conservation Association shows that about 4,500 seasonal and temporary staff have been hired.

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26 Jul 2025 - 04:34 pm

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Stanleychire

26 Jul 2025 - 04:11 pm

The study’s focus on 12 cities makes it just a snapshot of the true heat wave death toll across the continent, which researchers estimate could be up to tens of thousands of people.
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“Heatwaves don’t leave a trail of destruction like wildfires or storms,” said Ben Clarke, a study author and a researcher at Imperial College London. “Their impacts are mostly invisible but quietly devastating — a change of just 2 or 3 degrees Celsius can mean the difference between life and death for thousands of people.”
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The world must stop burning fossil fuels to stop heat waves becoming hotter and deadlier and cities need to urgently adapt, said Friederike Otto, a climate scientist at Imperial College London. “Shifting to renewable energy, building cities that can withstand extreme heat, and protecting the poorest and most vulnerable is absolutely essential,” she said.

Akshay Deoras, a research scientist at the University of Reading who was not involved in the analysis, said “robust techniques used in this study leave no doubt that climate change is already a deadly force in Europe.”

Richard Allan, a professor of climate science at the University of Reading who was also not involved in the report, said the study added to huge amounts of evidence that climate change is making heat waves more intense, “meaning that moderate heat becomes dangerous and record heat becomes unprecedented.”

It’s not just heat that’s being supercharged in out hotter world, Allan added. “As one part of the globe bakes and burns, another region can suffer intense rainfall and catastrophic flooding.”

Davidcek

26 Jul 2025 - 01:41 pm

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Egypt’s first large-scale hybrid solar and battery plant has begun construction as the country looks to its abundant sunshine to help fix its energy crisis.

Obelisk, located in Nagaa Hammadi, will combine 1.1 gigawatts of solar production with 200 megawatt hours of battery storage. The $590 million project is being built by Scatec, a Norwegian renewable energy company mostly working in emerging markets.

Scatec already has four other renewable projects in Egypt, and the north African country is aiming to increase its share of renewable production from 13% in 2023, to 42% by 2030.
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Around three quarters of Egypt’s electricity comes from gas. But in recent years, as its domestic gas production fell, it became reliant on imports and rising gas prices plunged Egypt into a series of blackouts.

Renewable projects are becoming increasingly attractive to emerging economies, which tend to be hit the hardest by rising fuel prices, Terje Pilskog, CEO of Scatec told CNN. “With renewables, you are not dependent on importing fuels,” he said. “It is also about predictability.”

Sixty percent of the world’s best land for solar development is in Africa, according to the industry body Global Solar Council, but in 2023, only 3% of the continent’s energy came from solar. In 2024, 75% of all new solar projects were built in South Africa or Egypt, however 18 countries across Africa have the potential to install more than 100 MW solar projects in 2025, compared to two in 2024. The continent is aiming to reach 300 GW of solar capacity by 2030, which is more than the current capacity of the US.

Although Egypt is looking for new domestic gas resources, it has set ambitious renewable energy targets, and hosted the COP27 climate conference in 2022. But the driving force behind these new renewable projects is economic, not environmental, said Karim Elgendy, executive director of Carboun Institute, an energy and climate think tank for the Middle East and North Africa.

With an overreliance on gas, and with declining production from its flagship Zohr gas field, Egypt is struggling to keep the lights on.

Egypt issued a tender to import nearly two million tons of fuel oil in May and June to meet its electricity needs as gas imports became too expensive. The summer brings high demand, as air conditioning units are turned on to combat the intense heat – average highs can reach 42 Celsius (108 Fahrenheit) in the south. Prime Minister Mostafa Madbouly recently urged people to curb their energy usage to avoid blackouts.

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26 Jul 2025 - 01:36 pm

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