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Stock impact report

Clean power to overtake fossil fuels in Britain in 2019 [Reuters (UK)]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Reuters
Clean power to overtake fossil fuels in Britain in 2019 - Reuters 4 Min Read LONDON (Reuters) - Britain, the birth place of coal power, is set this year to use more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants for the first time, the country’s National Grid said on Friday. Britain was home to the world’s first coal-fuelled power plant in the 1880s, and coal was its dominant electricity source and a major economic driver for the next century. But last week it became the first G7 country to commit to reach net-zero emissions by 2050, a target requiring a big increase in low-carbon power, and an even steeper reduction in fossil fuel use. European leaders have also this week discussed moving to a tougher climate target but have struggled to find unanimity among member states. “The incredible progress that Britain has made in the past 10 years means we can now say 2019 will be the year zero-carbon power beats fossil fuel fired generation Show less Read more
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