Existing clean power technologies can replace 75% of fossil fuel demand
Renewables now attract twice as much investment as fossil fuels – 3.6 times more in the case of China.
With renewable energy now receiving double the investment that fossil fuels attract, the energy transition is accelerating and existing clean power technologies already have the potential to replace 75% of fossil fuel demand.
A report published today (September 16) by the We Mean Business Coalition in partnership with Ember, the Energy Transitions Commission and E3G suggests that fossil fuel producers betting on continued demand could find themselves with stranded assets in just a few years.
