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The end is in sight for fossil fuels


dmedin

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The use of fossil fuels such as coal and oil for generating electricity fell in 2019 in the United States, the European Union and India, at the same time overall power output rose, a turning point for the global energy mix.

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The declines suggest the end of the fossil fuel era could be on the horizon,

https://uk.reuters.com/article/uk-electricity-fossilfuel-decline/fossil-fuels-for-power-at-turning-point-as-renewables-surged-in-2019-data-idUKKBN20R0I6

 

AP_19268295578910-1500x1020.jpg

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Switzerland’s UBS (UBSG.S) said the value of its ‘sustainable’ investments rose by more than 50% to nearly $500 billion (£388 billion) in 2019, while lending to the energy and utilities sectors fell by 40% as it tightened its rules.

https://uk.reuters.com/article/uk-ubs-group-sustainability/ubs-hardens-energy-lending-as-sustainable-investments-rise-idUKKBN20S0SW

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