Renewable power shares are outperforming fossil fuels in the stock market, but obstacles are still standing in their way.
COVID-19 has sent investment in the power sector tumbling, with the International Energy Agency (IEA) expecting power sector spending alone to fall by 10% in 2020.
For the first time ever, more electricity came from renewables than fossil fuels throughout the whole of Q1 2020.
Following BP’s announcement that it will now pursue the ‘ambition’ of attaining net zero status by 2050, Liam Stoker reflects on announcement, what BP has actually said and, crucially, what it hasn’t.
Emissions flatlined in 2019 thanks to advances in clean energy, according to new research by the International Energy Agency (IEA).
National Grid has announced that for the first time, zero carbon power generation outstripped fossil fuels in Britain in 2019.
According to new analysis by Carbon Brief, in Q3 this year the UK’s windfarms, solar panels, biomass and hydro plants generated 29.5 terawatt hours (TWh) of power, while coal, gas and oil generated just 29.1TWh.
Outages at two nuclear power plants in Great Britain prevented the country from experiencing a “landmark” quarter for renewables, energy analysis firm EnAppSys has said.
Great Britain is to derive more power from zero carbon sources than fossil fuels in 2019, the first time that would have occurred since the industrial revolution.