Fossil fuel investments 'a risk' as tide shifts to renewable energy

Vehicle emissions contain greenhouse gases that cause climate change. [istockphoto]

The global shift to the use of renewable energy is gaining momentum. This is after European countries were forced to accelerate their renewable energy capacity when Russia's invasion of Ukraine sparked a global energy crisis.

According to the European, Electricity Review published last month by energy think tank Ember, wind and solar generated a record fifth (22 percent) of EU electricity in 2022, for the first-time overtaking fossil gas (20 percent).