The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries.
For the first time in 2017, global solar capacity grew faster than all fossil fuels combined, including coal, oil and gas-fired power stations. That’s one finding of the latest annual report on global trends in renewable energy finance, from the UN Environment Programme (UNEP) and Bloomberg New Energy Finance (BNEF).
Don’t hold your breath, but future historians may look back on 2015 as the year that the renewable energy ascendancy began, the moment when the world started to move decisively away from its reliance on fossil fuels.
It’s the end of business as usual for fossil fuels. That’s according to the latest report from the IPCC, released on Sunday.
Solar power is here, and it isn’t just environmentalists saying it anymore.
A common refrain, from skeptics to allies alike, is that renewable energy is a great idea, but not feasible because oil, gas, and coal will always be cheaper. Leaving aside the fact that fossil fuels are a finite resource and are the primary driver behind a warming planet, is it really true that renewable energy is more expensive?