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Study: Middle Eastern Countries Would Save Money by Ditching Fossil Fuels in Power Mix

GreenTechMedia

Abandoning fossil fuels for electricity generation by 2030 would save money for countries in the Middle East and North Africa (MENA), according to new research into renewable energy in the area. Evening out supply and demand with a MENA-wide transmission network would cut LCOE from €52.80

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'Oil has no place in our future': Rockefeller fund returns shine after ditching fossil fuels

Business Green

Rockefeller Brothers Fund announces that its investment portfolio has exceeded expectations and industry averages in the five years since it divested from fossil fuels. According to the study, the RBF posted an average annual net return of 7.76 per cent over the five-year period that ended in December last year.

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Blustery weather pushes UK wind power to record 21.6GW

Business Green

Blustery conditions across Britain have sent yet more renewable power records tumbling this week, with onshore and offshore wind farms collectively delivering an all-time high of 21.6GW of power to the grid on Tuesday evening, National Grid ESO confirmed yesterday. Yesterday #wind produced 53.7%

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The fossil-fuel party is raging again, but Canada still needs a plan for the hangover to come

Clean Energy Canada

Commercial rents in downtown Calgary are on the rise, and long-thought dead fossil-fuel export projects have zombified. Previous high oil and gas price cycles have driven consumers to purchase more efficient cars and better insulate their homes, while the business community found ways to use less fossil fuel. And the U.S.

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UK celebrates new year with flurry of fresh wind power records

Business Green

National Grid ESO confirms that on December 30th UK wind power generation hit a record peak of 20.9GW. Blustery weather conditions helped ensure the UK set yet another wind power generation record over the New Year period, according to data from grid operator National Grid ESO. per cent of demand.

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Urgent need to speed up grid reform and development – IEA

Smart Energy International

The IEA in a new report points to signs that grids are becoming a bottleneck to clean energy transitions and that delayed action means prolonging reliance on fossil fuels. IEA executive director Fatih Birol commented in a press conference: “The problem is the investments. o C, with a 40% chance of exceeding 2 o C.

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The data is in: Renewables confirmed Britain's top power source in 2020 as fossil fuels continue slide

Business Green

Proportion of power derived from gas and coal in Britain fell to record low in 2020, official statistics confirm. Low demand for electricity during successive lockdowns saw renewables displace fossil fuels as the dominant source of power on Britain's grid for the first time ever in 2020, government data has confirmed.