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...And it is the strength of the continent’s demand for renewable power, spurred by the transition away from fossil fuels, that has pushed the company to the top of this year’s FT ranking of businesses by revenue...
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...UN climate talks on how to limit global warming have focused on renewable energy for too long, according to the chief executive of ExxonMobil, the biggest western oil supermajor....
...so-called food versus fuel debate....
...Asheville-based Pine Gate Renewables today said it had raised that sum from Generate Capital, the Healthcare of Ontario Pension Plan and Australian pension fund Hesta....
...They also face tricky decisions over investments in natural gas, a fossil fuel that many view as a vital component of the transition to renewables....
...The burning of fossil fuels is by far the biggest contributor to global warming, but the shift to renewables has raised major questions about energy supplies at times when the wind is not blowing and the...
...Renewables are way off course . . . World leaders agreed at COP28 to triple global renewable generation capacity by 2030 to 11,000GW — a tall order....
...The market structure of fossil fuels contains another lesson....
...Now take into account the higher multiple at which renewables specialists trade compared to fossil fuel companies and the advantage swings decisively in favour of renewables....
...But fossil fuel executives said renewables would not be reliable suppliers on their own for energy-hungry data centres....
...While renewables and low-carbon energy received only a fifth of its capital investment last year, they’ll account for more than half of it by 2030, Equinor reiterated....
...The renewables auction allocation is used to determine how many renewables projects each round can support and is also dependent on power prices....
...fuel industry....
...Will it be central to the energy sector, where it can be used to produce synthetic fuels, or to help store the energy generated by intermittent renewables, such as wind and solar?...
...KKR has prioritised investments aimed at transitioning the fossil-fuel based global economy to a system dependent on cleaner forms of energy, building a large climate investment operation within its $59bn...
...A smaller amount is made by splitting water through electrolysis using renewable energy sources, known as “green hydrogen”....
...SAF currently accounts for a tiny proportion of global aviation fuel, about 0.1 per cent last year according to the International Air Transport Association....
...It highlighted the energy security benefits of renewables, nuclear power and energy efficient technologies such as electric cars and heat pumps, that reduce consumers’ exposure to volatile fossil fuel prices...
...jet fuel and currently only available in small quantities....
...It’s a third of all European fossil fuel imports,” she said. “When public authorities ask us what we need to go faster (on energy), they expect us to say money....
...If the ratio is less than one, then the bank is providing more funding for fossil-fuel companies than for renewable energy businesses....
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...The burning of fossil fuels is by far the biggest contributor to global warming....
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