More than 90% of global new renewable energy capacity is now cheaper than fossil fuels
The global switch to renewable energy has passed a “positive tipping point,” according to two United Nations reports. Solar is now 41% cheaper than fossil fuels worldwide. Not long ago, it was four times the cost. Offshore wind is now also 53% cheaper and the most affordable source of new renewable energy. Even more, costs for renewables are expected to keep dropping as technology matures and supply chains strengthen.









