Energy crisis unfolding in Middle East has added political urgency, and more funding, to transform the solar industry in particular In Guyang-ri, a farming village of 70 households about 90 minutes south-east of Seoul, residents gather for free communal lunches six days a week. The meals are funded by the village’s one-megawatt solar installation, which generates roughly 10m won ($6,800) in net profit each month. “Residents eat lunch together every day, so we see each other’s faces, talk together,” says Jeon Joo-young, the village chief. “Bonds and solidarity between residents become much stronger. Life becomes more enjoyable.” Continue reading... from The Guardian https://ift.tt/KfVYsin via IFTTT
Bank of England says individuals borrowed extra £2.1bn in consumer credit in November
Credit card borrowing rose at the fastest annual rate for almost two years in November, according to the Bank of England, as households took on debt to finance the rising cost of Christmas.
In a snapshot covering the month of Rachel Reeves’s highly anticipated autumn budget, the central bank said individuals borrowed an additional £2.1bn in consumer credit, up from a £1.7bn increase in October.
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