The reality is that countries will not “ditch” fossil fuels until clean energy alternatives are viable, states diversified active asset manager Allianz Global Investors environmental, social and corporate governance analyst Robbie Miles. “Electricity generation, the largest source of emissions, which accounts for about 36% of global [greenhouse-gas emissions (GGEs)], is perhaps the low-hanging fruit, given that the renewables, energy storage and software that exist today can already compete, unsubsidised, with fossil fuels in some parts of the world,” Miles points out.
