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
Kenya unlocks $160 million to protect the Maasai Mara and Tsavo ecosystems
BY THE OPTIMIST DAILY EDITORIAL TEAM Kenya committed $160 million over ten years to protect 173,000 square kilometers (roughly 67,000 square miles, or 17.3 ...
Read MoreWill vinegar actually keep bugs out this fall? Pest experts explain what works
BY THE OPTIMIST DAILY EDITORIAL TEAM As temperatures drop, bugs start looking for the same thing you do: somewhere warmer. If you've been reaching ...
Read MoreStronger concrete, cleaner landfills—how scrap carpet fibers are reinventing ...
BY THE OPTIMIST DAILY EDITORIAL TEAM Concrete is the foundation of modern civilization, but its notorious tendency to crack isn’t just a construction headache—it’s ...
Read MoreHow sheep are powering the solar boom in a win for sustainability and agricul...
BY THE OPTIMIST DAILY EDITORIAL TEAM On a sprawling solar farm in rural Texas, thousands of sheep are hard at work. Beneath rows of ...
Read More
