In a promising experiment in an affluent swath of Brooklyn, New York, dozens of solar-panel arrays spread across rowhouse rooftops are wired into a growing network. Called the Brooklyn Microgrid, the project is signing up residents and businesses to a virtual trading platform that will allow solar-energy producers to sell excess-electricity credits from their systems to buyers in the group, who may live as close as next door. The project is still in its early stages — it has just 50 participants thus far — but its implications could be far reaching. The idea is to create a kind of virtual, peer-to-peer energy trading system built on blockchain, the database technology that underlies cryptocurrencies like Bitcoin.
Continue reading... →China has announced that it will invest $361 billion in renewable energy through the end of the decade — another signal that the world’s most populous nation is serious about combating climate change. The investment, Reuters reports, will continue China’s shift away from coal and other dirty fuels. In addition to fighting climate change, investing in clean energy should help China address its air-pollution problems. Major cities like Beijing are often blanketed in smog, due largely to coal burning and other industrial activity.
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