Falling costs of electric vehicles and solar panels could halt worldwide growth in demand for oil and coal by 2020, a new report has suggested. A scenario that takes into account the latest cost reduction projections for the green technologies, and countries’ pledges to cut emissions, finds that solar power and electric vehicles are “gamechangers” that could leave fossil fuels stranded. Polluting fuels could lose 10% of market share to solar power and clean cars within a decade, the report by the Grantham Institute at Imperial College London and the Carbon Tracker Initiative found.
Guardian 2nd Feb 2017 read more »
Denmark’s Dong Energy is preparing to phase out European coal power plants by 2023 as it moves ahead with a multi-billion dollar renewables investment plan, including the development of the world’s largest offshore wind farm. Dong has a number of offshore wind farms in development in UK waters including the Hornsea project off the Yorkshire coast, which will be the world’s largest offshore wind farm once it begins powering the UK grid at the end of the decade.
Telegraph 2nbd Feb 2017 read more »