- “UK Renewables Output Overtakes Fossil Fuels” • In the UK, renewables generated more than fossil fuels for the first quarter of 2020. In February, UK wind farms averaged a 50% capacity factor for onshore and 60% for offshore, Drax Electric Insights said. By contrast, gas had a capacity factor of 34%, coal had 17%, and nuclear had 59%. [reNEWS]
- “Unilever, H&M Among 150 Companies Worth $2 Trillion Urging Net-Zero Pandemic Recovery” • In a CEO-led climate advocacy effort backed by the UN, 155 multinational companies with a combined market capitalisation of over $2.4 trillion signed a joint statement urging world governments to align recovery efforts with climate science. [Green Queen Media]
- “Coalition Energy Roadmap For Gas Over Coal” • Australia’s government has highlighted gas as a crucial energy source to back up renewable power generation over the next decade. A long-awaited roadmap to meeting the country’s emission reduction commitments uses gas and pumped hydrogen to back up solar and wind capacity. [Forbes Advocate]
- “IEA: The Renewable Energy Boom Will Restart In 2021” • The renewable energy industry will see a decline in growth this year but will recover and start growing again next year, according to an International Energy Agency report. Many projects will be delayed, but total new renewable energy additions will recover to 2019 levels, the report says. [OilPrice.com]
- “The University Of California Has Fully Divested From Fossil Fuels” • The University of California announced it had divested completely from fossil fuels. It is the largest in the country do so. Going green is a trend gaining steam nationwide, as educational institutions refuse to profit from fossil fuels and turn to invest in renewable energy. [CNN]
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