Solar is now ‘cheapest electricity in history’, confirms IEA

Categories: Big picture
Published on: October 16, 2020

Carbon Brief / Josh Gabbatiss, Simon Evans / 13 October 2020

The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries.

That is according to the International Energy Agency’s World Energy Outlook 2020. The 464-page outlook, published today by the IEA, also outlines the “extraordinarily turbulent” impact of coronavirus and the “highly uncertain” future of global energy use over the next two decades.

Reflecting this uncertainty, this year’s version of the highly influential annual outlook offers four “pathways” to 2040, all of which see a major rise in renewables.

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