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Diverting fossil fuel investments to renewables is not enough – EURACTIV.com

Diverting fossil fuel investments to renewables is not enough – EURACTIV.com | Energy Transition in Europe | www.energy-cities.eu | Scoop.it
Debate over the cost merits of fossil fuels against renewable power generation has traditionally focused on the levelised cost of electricity (LCOE), which has dropped dramatically in the case of wind and solar power. But that ignores the upfront capital costs, which are still up to seven times higher for renewables, writes Mike Parr.
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Norway's Oil and Gas Divestment Spares Biggest Producers - Bloomberg

Norway's Oil and Gas Divestment Spares Biggest Producers - Bloomberg | Energy Transition in Europe | www.energy-cities.eu | Scoop.it
Norway took a partial step in divesting oil and gas stocks in its massive $1 trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as Royal Dutch Shell Plc and Exxon Mobil Corp.
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