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In fact, the market is expected to grow from $886m in 2020 to $2.5bn in 2027, according to the firm Marketwatch. Sent up by universities, governments and start-ups, they do everything from monitoring deforestation to tracking radio-tagged endangered animals. Richard Branson also blasted off on a Virgin Galactic test flight in 2021.
Despite the worldwide mobilisation towards the adoption of renewable energy, the Brazilian government continues to promote the use of coal, the most polluting fossilfuel. Who will want to invest if in 2027 the transfer [of subsidies] will not continue?”. But Brazil did not sign the agreement. Going against the grain.
But this announcement was seemingly at odds with another made just three days earlier, when coal minister Pralhad Joshi confirmed that India intends to increase production for the fossilfuel. According to India’s 2023 National Electricity Plan, the country’s 2026-2027 domestic coal requirement will be an estimated 866.4
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