A Wind Power Crisis Is Holding Back the World's Green Energy Goal [Financial Post (Toronto, Ontario, Canada)]
RWE AG ORD S/ADR (RWEOY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The world's green power goal has a wind problem. At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the decade. It was one of the few tangible agreements at the annual meeting and a goal that's crucial to cut dependence on fossil fuels that cause climate change. While the target remains achievable, current rates of clean power deployment aren't sufficient and the rollout of wind turbines is lagging, according to the International Renewable Energy Agency. “One of the big problems here is wind,” said Oliver Metcalfe, head of wind research at BloombergNEF. “The slow pace of wind progress is affecting the efficacy of that tripling renewables target.” A decade ago annual solar and wind installations were neck and neck, then solar soared far ahead as massive inves
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