Photo Credit:Fair Use [17 U.S.C. § 107]

81% Of Renewables Offer Cheaper Energy Than Fossil Fuels, Report Says

26 Sep 2024 | Abstracted from Forbes

"Fossil-fuel prices rose in 2023 to 10 cents/kWh...new nuclear has been estimated to cost as much as 25-30 cents/kWh...The rising competitiveness of renewables in comparison to fossil fuels is driving extensive deployment of (renewables)...The world added 473 gigawatts of renewable energy capacity last year...four-fifths of it produces power more cheaply than fossil fuels do...global average cost of electricity from onshore wind fell to 3.3 cents...utility-scale solar photovoltaic fell to 4.4 cents/kWh..."

ADDITIONAL RELATED NEWS LINKS

• Why Big Oil Is Urging Trump Not to Pull Out of the Paris Accord


• Nuclear Power Twice As Expensive For Australia As Renewables: Report


• Renewable Energy Shift Unstoppable Despite U.S. Election Result


• Europe Will Compete With The US And China On 'Smart Decarbonisation'


• Essay: How Progress Creates Its Own Obstacles


• IEA Forecasts Renewables Could Meet Almost Half Of Global Electricity Demand By 2030


• The Long-Promised "Solar Age" May Have Finally Begun


• A Polluting, Coal-Fired Power Plant Found The Key To Solving America's Biggest Clean Energy Challenge


• Renewables Generated 40% of Global Electricity for First Time Ever in 2023


• What If Big Oil Championed – And Profited From – The Green Transition? Here's How It Could Work