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What is Spot Electricity Trading and How does the Market Work?

What is Spot Electricity Trading and How does the Market Work?

The electricity market is a system that allows purchases through bids to buy; offers to sell; and short-term trades, often in the form of financial or obligation swaps. Offers and bids use the principle of supply and demand to set the pricing. Long-term trades are...
Why is Free Trade Important?

Why is Free Trade Important?

In March, President Donald Trump released plans to impose tariffs of 25 percent on foreign steel and 10 percent on aluminum. He also later placed $50 billion of tariffs on China. In doing so, the United States declared a trade war against China. Global stock markets...
The Need for Sustainable Natural Resource Management

The Need for Sustainable Natural Resource Management

Currently, the Earth is facing a natural resources crisis. Natural resources are being used at a rate faster than the Earth can replenish them. The use of natural resources is essential to human life, which means there needs to be a way to ensure that these natural...
The State of Natural Resources

The State of Natural Resources

Every year, the Global Footprint Network assesses how many of Earth’s resources are used by humans and on what day the amount of resources used surpasses how much Earth can regenerate. The date on which that happens is referred to as World Overshoot Day. Since 1970,...