Energy transition well underway despite interest rate setbacks

Wednesday 13 Nov 2024
Alt text coming shortly

A new report by Dr Gireesh Shimali and Christian Wilson from the Oxford Sustainable Finance Group concludes that despite a threat from high interest rates, the global transition to renewable energy is well underway.

The report finds that low-carbon capital expenditure (CAPEX) has overtaken oil and gas CAPEX globally, and the share of exploration-related activities in oil & gas CAPEX has fallen over time. Within the power sector, fossil fuel capacity has peaked in North America and Europe.

Read more here

Tweet link opens new window Tweet