Oxford University research argues for immediate closure of world’s brown coal mines with new analysis suggesting they’re a net drain on the global economy.
On April 1, German coal power giant RWE split into two companies: one, containing conventional energy; the other, renewables.
In terms of grid reliability, the only nations that rival Germany are Japan (another “green” leader) and Singapore.
Many are enjoying the problems faced by German energy giant RWE. But go back to 2000, would you as chairman have done any different?
UBS analysts suggest energy utilities in Europe, north America and Australia are facing a “perfect storm” from the falling costs of renewables, energy efficiency and falling demand, and may not be able to sustain their business models. The analysts suggest the utilities embrace wind and solar, storage and other services if they are to survive.