Could power plants become obsolete in the next two decades? That seems like a far off idea to some, but is exactly what UBS bank, the world’s largest private bank, has suggested in a recent briefing paper it sent to clients and investors. The German bank believes that current centralized energy distribution models are too large and not flexible enough for future energy needs. The bank predicts that in the near future households will generate and store their own energy via solar and other renewable energy source, and power their cars from the same source.
Largest private bank predicts major shift toward renewables in next 20 years
More of Today's Solutions
All city buildings in Chicago are now powered by renewable energy
BY THE OPTIMIST DAILY EDITORIAL TEAM Chicago entered 2024 with a landmark achievement: every one of its 411 municipal buildings, from City Hall to ...
Read MoreHow unique leopard calls could impact conservation
BY THE OPTIMIST DAILY EDITORIAL TEAM Leopards, renowned for their stealth and solitary nature, have always been challenging to study. However, groundbreaking research revealed that ...
Read MoreThese solar-powered barges can scoop up 50 tons of plastic from rivers each day
While removing the plastic waste that currently contaminates the ocean today will be crucial for protecting marine ecosystems, it is arguably more important that ...
Read MoreWashington’s first human compost company is open for business
Washington passed a law in 2019 allowing citizens to compost themselves after death for a more sustainable burial process. Fast forward a year later ...
Read More
