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Study: 90% Of Power Companies Prioritize Reliable Fuels Over Renewables

by Matt McGrath
September 01, 2020, 11:17 AM
in News and Opinion
Reading Time: 1 min read
A A
2

clouds over solar panelsNew research suggests that power companies are dragging their feet when it comes to embracing green energy sources such as wind and solar.

Only one in 10 energy suppliers globally has prioritized renewables over fossil fuels, the study finds.

Even those that are spending on greener energy are continuing to invest in carbon-heavy coal and natural gas.

The lead researcher says the slow uptake undermines global efforts to tackle climate change.

In countries like the UK and across Europe, renewable energy has taken a significant share of the market, with 40% of Britain’s electricity coming from wind and solar last year.

But while green energy has boomed around the world in recent years, many of the new wind and solar power installations have been built by independent producers.

Large scale utility companies, including many state and city-owned enterprises, have been much slower to go green, according to this new study.

The research looked at more than 3,000 electricity companies worldwide and used machine learning techniques to analyze their activities over the past two decades.

The study found that only 10% of the companies had expanded their renewable-based power generation more quickly than their gas or coal-fired capacity.

Of this small proportion that spent more on renewables, many continued to invest in fossil fuels, although at a lower rate.

Read rest at BBC News

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Comments 2

  1. Gumnut says:
    5 years ago

    I see in Japan a test flight of a flying car prototype succeeded.

    That’s fine, but was it wind-powered or solar-powered? If neither, the test flight can’t have been a success, whereas the definition of success for a flying car powered by ‘renewables’ would not have required it to leave the ground.

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