“Aging is a huge part of the story” in robot adoption, said Daron Acemoglu, an economist at the Massachusetts Institute of Technology who conducted the study with Pascual Restrepo of Boston University.

The research fits a longstanding trend of countries such as South Korea and Germany – which both have very rapidly aging workforces – also being among the world’s fastest adopters of robots, based on the number of robots per human worker they deploy.

Britain launches 220 mln pound support scheme for industry to go green

Sep 22, 2021

“With innovation and investment across the economy, we can power the UK’s green industrial revolution. But we know for the most polluting and energy-intensive businesses, this will mean a big shift in the way they operate,” Prime minister Boris Johnson said in a statement.

German auto giants place their bets on hydrogen cars

Sep 22, 2021

Stephan Herbst, general manager of Toyota in Europe, speaking in his role as a member of the Hydrogen Council business group, which forecasts that hydrogen will power more than 400 million cars by 2050, said he was confident that now governments had set ambitious carbon-reduction targets, they would push hydrogen alongside battery electric cars.

“We strongly believe this is not a question of either or,” he added. “We need both technologies.”

U.S. flood insurance rates to rise for 77% of policyholders -study

Sep 22, 2021

Under the new “Risk Rating 2.0” system from the U.S. Federal Emergency Management Agency (FEMA) taking effect Oct. 1, new premiums will be based on a property’s value, risk of flooding and other factors, rather than simply on a home’s elevation.

Meant to account for climate-change-driven shifts like increasing flood frequency, the new plans also will make the program more equitable, said Nick VinZant, QuoteWizard senior research analyst.

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