Giant rubber snake could be the future of wave power

Kevin Grandia's picture

The rippling “Anaconda” produces electricity as it is squeezed by passing waves.

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A worldwide transition to low carbon fuels could save the global economy as much as $1.8 trillion over the next two decades, according to two reports published Thursday by the Climate Policy Initiative.

By switching to renewable energy sources, the high costs associated with extracting and transporting coal and gas could be avoided, the reports, titled Moving to a Low Carbon Economy: The Financial Impact of the Low-Carbon...

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