Experts are more and more sure that the future belongs to renewable energies. Image source: Shutterstock (#319181426)
A new study commissioned by Greenpeace and carried out by the Finnish Lappeenranta University of Technology analyzes electricity generation costs in all G20 countries from 2015 to 2030. It predicts that wind and solar power will outcompete all alternatives across all G20 countries by 2030.
Onshore wind farms are already undercutting coal and other traditional power sources in parts of Europe, South America, the US, China and Australia. And prices for solar are dropping fast enough for the technology to outperform every other form of power generation there is in those 13 years.
Even when associated grid upgrade and balancing costs are considered, experts are growing more and more confident that it is inevitable that renewable energy sources will win out in the not-so-long run. “There can be no excuses anymore. Climate protection increasingly makes economic sense across the G20 as renewable energy becomes cheaper than dirty coal and nuclear,” Greenpeace Germany energy expert Tobias Austrup said.
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