Renewable Energy Is Seizing Market Share During The Pandemic

Renewable energy has surged to  capture a record share of global electricity generation, seizing more market share during the coronavirus downturn.  The steep drop in electricity demand, down by more than a fifth in some parts of the world, has hit energy producers everywhere. But because renewable energy has zero variable costs – the sun and wind are free once solar and wind farms are constructed – coal and natural gas are often pushed out of the market first. That has renewables holding up a bit better than oil, gas and…