Wood Mackenzie has called on policymakers to revise the Renewable Energy Target with more ambitious goals and, concordantly, large-scale investment in grid flexibility to ensure new renewables can join the grid. If we don’t act in this pivotal moment, WoodMac believes we will be left holding stranded assets.
Coal has underpinned power generation for more than a century as a cheap, reliable and well understood technology, writes IHS Markit analyst George Hilton. Decommissioning of coal generation, in light of global efforts to reduce carbon emissions, will radically change the energy landscape and potentially leave a substantial gap to be filled by energy storage technologies.
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