Even as solar installations continue to grow and renewables make their way further into the energy mix, a look at the bigger energy picture reveals a worrying lack of commitment among utilities to a transition away from fossil fuels. This was the conclusion of researchers at Oxford University, who found that globally, less than half of all utilities have prioritized the development of renewables over the past 20 years. Even among those that have focused on solar and wind, just 15% actually reduced commitments to fossil fuels at the same time.
Oxford University researcher Galina Alova speaks at the Global Alliance for Sustainable Finance and Investment’s second annual conference in 2019. Alova and her group analyzed 18 years of global electricity generation data and found that utilities in many regions have been slow to adapt to renewables.
Image: Oxford University
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