November 11, 2016 Read More →

On the Blogs: Too Late to Stop Transition to Renewables

Carolyn Hayman for PreventableSurprises.com:

As we’ve begun to focus on the demand side of the fossil fuel market, particularly power utilities, it’s clear that technology is going to trump Trump. Domestic photovoltaics plus storage are likely to be cost competitive with fossil fuel generation within a small number of years, and attempts to hold back the renewables industry in the US will only hand a commercial advantage to Europe, where most countries are already embarked on the transition. China, where air pollution and competitive advantage are combining to drive the transition, is also forging ahead. China decarbonised faster than any other G20 country in 2015.

Hence, we at Preventable Surprises continue to believe that it’s in investors’ interests to support a transition to a low carbon world in the power utilities that they own, and we will soon be producing guidance that explains why. The election has changed many things, but it hasn’t changed the need for investors to actively address systemic risks arising from climate change.

Full item: How technology will trump Trump

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