Global Trade in Renewable Energy Assets Soars

Draws on Global Renewable Energy Secondary Market Database 2019-2021 which reported on 1,622 transactions in renewable energy assets in a three-year period. It reveals the dominant role of private equity funds, wide use of tax havens and limited role of public ownership. The market creates new opportunities for profiteering from the generation of renewable energy. Revenue from the sale of assets accrues to the parent company that owns the equity and does not directly benefit the project, community and local economy.

It is vital that corporate domination of renewable energy is challenged combined with establishing the case for increased public investment and ownership of renewable energy. Eight ways in which corporate ownership can be challenged are described.

Ways in which local, regional and central government can be publicly owned, the importance of increase public ownership of renewable energy generation and return national grids and local distribution networks to public ownership are set out.

Environmental Injustice in Renewables

Dexter Whitfield – THE SPOKESMAN 154 (pages 47-55) 2023 Founded by Bertrand Russell

Examines the crisis and opportunities in the context of the climate crisis including the regional differences on dependency on coal, oil, and natural gas. In addition, there are significant structural flaws in the renewable energy sector such as the increasing reliance on market forces, the activities of private equity funds and the limited effectiveness of Environment, Social and Governance criteria.