Solar & Wind Catch Up With Coal & Gas

Solar And Wind Catch Up With Coal and Natural Gas Across The Globe

In some regions of the U.S., the cost of utility-scale solar electricity rates are *cheaper than the cost of the fuel alone* for natural-gas plants.
In some regions of the U.S., the cost of utility-scale solar electricity rates are cheaper than the cost of the fuel alone for natural-gas plants. Image courtesy of understandsolar.com

As solar panel prices have decreased by more than 80 percent in the past decade and wind turbines have also seen dramatic price falls, both types of renewable energy have become much more competitive.

Meanwhile, fossil fuels received $583 billion in 2014 globally in subsidies — even as renewable energy continues to receive a much lower level of subsidies ($124 billion in 2014).

Published by

John Brian

Editorial Board at kleef&co. Published by the UNDP.