Renewables will be the world’s principal source of power by 2040 and are penetrating world grids faster than any other energy source in history, O&G major BP has said.
EDF Energy has confirmed it will close the 2GW Cottam coal plant at the end of September, blaming “challenging market conditions” and the country’s decarbonisation drive.
The low carbon and renewables economy posted strong growth in 2017, but onshore wind and solar PV continued to be beset by a retraction of government support.
Consumers are willing to pay more towards the low carbon energy transition, but only if energy companies and government accept their share of responsibility, new research has found.
