Renewables Hit Economic Inevitability Point Despite Climate Timeline Gaps
Solar costs have halved since 2023 to 10.5 cents/watt, making solar-plus-batteries cheaper than new fossil plants in sunny regions. Energy experts now declare the transition "completely unstoppable" due to superior economics, with renewables meeting 90% of global demand growth. However, this accelerating pace still falls short of 2°C climate targets.
The transition has crossed from policy-driven to economics-driven, creating unstoppable momentum but requiring additional interventions to meet climate deadlines.
solar
renewables
economics
climate targets