Spectacular Drop in Renewable Energy Costs Leads to Record Global Boost

June 13th, 2017

Disclosure: I sell solar power systems in New Zealand.

From Trump Pulls U.S. Out of Paris Climate Agreement:

Petrofascism is alive and well in the U.S., but it’s too late to stop solar and wind.

Trump’s energy policy is going up against the mathematical certainty that the costs associated with solar and wind energy will continue to decrease.

Good luck with that.

Via: Guardian:

Renewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell.

The greater “bang-for-buck” resulted from plummeting prices for solar and wind power and led to new power deals in countries including Denmark, Egypt, India, Mexico and the United Arab Emirates all being priced well below fossil fuel or nuclear options.

Analysts warned that the US’s withdrawal from the Paris climate change agreement, announced last week by Donald Trump, risked the US being left behind in the fast-moving transition to a low-carbon economy.

Related: Global Demand for Coal Falls in 2016 for Second Year in a Row

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