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By Enda FAHY, Director of our Alternatives department, FundRock Management Company S.A.*
The idea of using canaries in coal mines to detect noxious gases is credited to John Scott Haldane. He was known as “the father of oxygen therapy”. His research on carbon monoxide led him to recommend using the birds, as they were more sensitive to the gas than humans. If the bird became ill or died, that would give miners a warning to evacuate. The last canary retired in 1986 to be replaced by an electronic smell detector (incidentally the last pit pony was only retired in 1999). Will the coal mine now follow its one time employee, the canary, down the road of redundancy?
The direction of travel in renewable energy is clear. Substantial gains have been...
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