A depressing picture of global power generation has coal still firmly on top. And in a vicious cycle, the very heatwaves and winter freezes high carbon emissions cause seem to be increasing them
The world’s largest sovereign wealth fund is preparing to leave fossil fuels behind. Last week, Norway’s parliament confirmed by unanimous vote that its $1tn sovereign wealth fund would dump $13bn of fossil fuel investments – and start investing billions in renewables.
The move is designed to protect Norway’s state-owned investment fund from the decline in fossil fuels that will be vital if full-blown climate catastrophe is to be averted.
Wider temperature swings seem to be making homes and businesses turn up heating and air-conditioning more often