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Technological changes in the production of solar panels are increasing demand for silver, a phenomenon that is deepening a shortage in the supply of the precious metal, while there is limited opportunity on the horizon to secure additional mining, reports "Bloomberg". Silver, in paste form, is used for the conductive layer on the front and back of silicon solar cells. But the sector is already starting to produce more efficient variants of cells that use much more metal, and this will contribute to increasing the already growing consumption.   Solar power still represents a relatively small portion of total silver demand, but it is growing. According to a report by The Silver Institute, it will account for 14% of consumption this year, up from about 5% in 2014. Much of that growth is coming from China, which is expected to install more solar panels this year than the United States. Demand for silver from the solar industry is growing. Chart: Bloomberg Solar energy is “a great

Oil prices rose above $75 in international markets on Friday, boosted by signs of a strengthening US economy and a sharp drop in inventories ahead of further supply cuts from Saudi Arabia.  On the London market, the price of a barrel for delivery in September was 82 cents higher in the afternoon than at the close of trading yesterday and amounted to $75.33. Barrels for August delivery traded 52 cents higher at $74.86. On the American market, the price of a barrel increased by 86 cents, to 70.72 dollars.  Traders were encouraged by slightly increased estimates of US economic growth in the first quarter and a sharp fall in inventories last week, by as much as 9.6 million barrels.  The US economy grew by 1.8% in the first quarter, according to the Commerce Department, compared to the same period last year, 0.2 percentage points stronger than previous estimates showed. At the end of 2022, it increased by 0.9 percent.  Prices were also supported by Saudi Arabia's announcement that

The technology that is utilized to collect and convert solar energy is known as solar energy. In 2011, less than 0.1 percent of the world's energy consumption was met by the technology. Many people are familiar with 'photovoltaic cells,' often known as solar panels, which are used in items like spacecraft, roofs, and handheld calculators. Semiconductor materials, similar to those used in computer chips, are used to make the cells. Electrons are dislodged from their atoms when sunlight strikes the cells. The cell produces electricity when the electrons move through it. Solar-thermal power plants use a variety of methods to concentrate the sun's energy as a heat source on a much bigger scale. The heat is then utilized to boil water, which powers a steam turbine to produce electricity in a manner similar to that of coal and nuclear power plants and serve thousands of people with electricity. In one method, sunlight is focused on an oil pipe that passes through the center o

 In order to produce electricity, wind turbines are mostly used in wind power or wind energy. In comparison to burning fossil fuels, wind energy is a well-liked, environmentally friendly, renewable energy source. Wind energy has historically been used to power sails, windmills, and windpumps, but today it is primarily employed to produce electricity. Numerous separate wind turbines connected to the electrical power transmission network make up wind farms. New onshore (on-land) wind farms are less expensive to build than new coal or gas facilities, but fossil fuel subsidies are impeding the growth of wind power. Compared to certain other power plants, onshore wind farms have a more noticeable visual influence on the terrain. Little onshore wind farms can add a small amount of power to the grid or supply remote off-grid areas with electricity. Offshore wind farms have less of an aesthetic impact and produce more energy per installed capacity with less variability. Offshore wind generatio

Tax benefits. Decreased consumption of power and a desperate search for gas substitutes. Just as the chilly, dark days of winter begin, Europe is dealing with one of its worst energy crises in recent memory. The invasion of Ukraine by Russia in February of this year made supply problems worse and drove up the price of imported natural gas. Governments in Europe have experimented with a wide range of policies to protect citizens from the harshest effects of rising prices while maintaining their economy. However, the growing number of street protests and worker strikes in numerous cities demonstrates how intense and real the suffering is for millions of people. The best at controlling inflation are France and Spain, while Germany, Italy, and Greece are setting the bar for long-term plans to guarantee their energy needs. And the UK is having difficulties. A variable risk Nearly half of Europe's total natural gas imports in 2021 came from Russia, but some nations were always going to b

 The U.S. bookkeeping guard dog on Thursday said it has full admittance to review and explore firms in China unexpectedly, eliminating the gamble that around 200 Chinese organizations could be started off U.S. stock trades. The assertion from the Public Organization Bookkeeping Oversight Board (PCAOB) marks a triumph for U.S. controllers and a help for Chinese firms, including Alibaba, confronting delisting in the midst of rough relations between the world's biggest economies. Washington and Beijing have been secured in a warmed exchange and innovation war. "Without precedent for history, we can perform full and exhaustive examinations and examinations to uncover expected issues and consider firms responsible to fix them," said PCAOB Seat Erica Williams. "This falls into the classification of a game changing perspective on Chinese organizations in light of the fact that the danger of their delisting appears to have been dispensed with," said Craftsmanship Hogan,

According to Maria Rita Gali, CEO of the nation's gas network operator DESFA, Greece is emerging as Europe's gas corridor and could virtually treble its gas export capacity to neighboring nations in the years to come.  At the height of the Ukrainian conflict, Greece reduced its reliance on Russian gas by more than half this year, increasing its supply of liquefied natural gas (LNG), primarily from the United States and Egypt, to its sole LNG terminal in the Athens neighborhood of Revitusa.  The terminal, which the government referred to as "indispensable," also assisted in exporting gas to nearby nations, such as Bulgaria, which earlier this year lost access to Russian supplies because it would not accept payments in rubles. Greece is counting on the construction of at least two more floating storage and regasification units (FSRUs), which might be operational by 2024, to further lessen its reliance on Russian gas. Recently, it likewise dispatched another