Friday, April 7, 2017

UN report: Clean power is up, costs are down

Roger Harrabin reports for the BBC:
wind powerImage copyrightGETTY IMAGES
Image captionThe cost of offshore wind energy installations has tumbled over the past three years
The world added record levels of renewable energy capacity in 2016, according to the UN.
But the bill was almost a quarter lower than the previous year, thanks to the plunging cost of renewables.
Investment in renewables capacity was roughly double that in fossil fuels, says the report from UN Environment.
It follows news that the cost of offshore wind power has fallen by around a third since 2012 – far faster than expected.
But the report’s authors sound the alarm that just as costs are plunging, some major nations are scaling back their green energy investments.
This, they say, reduces the likelihood of meeting the Paris climate agreement.
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