Renewable energy is cheaper, a game changer in the climate change battle

Renewable energy prices have fallen far more quickl than the industry anticipated, says a new report. And they are fast becoming cheaper than fossil fuels. A rapid transition to emissions-free ‘green’ energy could save many trillions of dollars in energy costs - and help combat climate change. The global energy sector has an impressive record of scaling-up renewables like wind and solar – but it is not so good at predicting future price changes of the clean energy these renewables produce, according to a new report. Researchers at the University of Oxford’s Institute of New Economic Thinking suggest early pricing prediction models have consistently underestimated both how far the costs of renewable energy sources might fall, and the benefits of an accelerated switch to clean energy. - WEForum / Oxford University