A decline of investment in fossil fuels is on the cards, as show in a new report from the Centre for Climate Finance & Investment at Imperial College Business School, written in partnership with the International Energy Agency (IEA). According to the report, renewable power saw significantly higher total returns over the past ten years. It claims annualised volatility was lower than fossil portfolios in both global and advanced economies, but higher than fossil in China and ’emerging markets and developing economies’.
The report found that renewable energy was resilient to the impacts of COVID19, but that the fossil fuel industry was not. “In normal and volatile market conditions, the renewable power portfolio showcases enhanced […]