WoodMac calls for investment in grid flexibility through more ambitious RET
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 developers risk half a trillion dollars down nonrenewable drain
A new report from financial think-tank Carbon Tracker has found that coal developers risk wasting more than $600 billion due to stubborn resistance to the already cheaper electricity resources provided by renewable energies worldwide. The report finds, in short, that a new coal plant is about as prudent an investment today as a Clydesdale and cart.
