Only 1.8% of European renewable energy assets belong to companies in the fossil fuel sector, reveals a study by researchers at the Institute of Environmental Science and Technology at the Autonomous University of Barcelona, published on Thursday 9 October in the journal Nature Sustainability.
The study, based on data from the Global Energy Monitor, which analyses the energy assets of 250 of the largest oil and gas companies, finds “a marginal contribution to global renewable energy deployment”. On a global scale, the largest oil and gas companies are responsible for just 1.42% of the world’s renewable energy projects.
The study points out that although all the major European fossil fuel groups own renewable energy assets, only a tiny proportion of all the energy extracted comes from renewables. In addition, the majority of their renewable assets are located outside continental Europe.
In the run-up to COP30 in Belém (Brazil) on 10 November, the author of the study, Marcel Llavero-Pasquina, says that "oil and gas companies should not have a seat at the table where the future of climate and energy policy is decided”.
To see the study: https://aeur.eu/f/iuh (Original version in French by Pauline Denys)