'Extraordinary new phase' of renewable energy as Ukraine war accelerates shift from fossil fuels, energy leader says

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Experts celebrate 'a new energy security age' driven by renewable energy boom, in spite of huge investment plans by oil and gas companies.

Rocketing gas prices have made renewable energy forms even more attractive, not only by eliminating the climate heating gases that come from burning fossil fuels, but also by cutting down costs.

She added:"Counting on fossil fuel sources is no longer an adequate energy security management approach - instead, managing down your demand for fossil fuels is what will give you a more secure energy system." Th surge in renewables is also being fuelled by the United States, China and India implementing policies and market reforms that allow a roll out of renewables faster than planned.

He said renewables' continued acceleration is critical to keeping the door open to limiting global warming to 1.5C. That is the internationally agreed target that UK climate envoy Alok Sharma recently warned was struggling"on life support".

 

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