RE ‘lowest cost’ power by 2030
Greenpeace report released ahead of G20 meeting on 7–8 July
Wind and solar electricity will be the cheapest forms of power generation in every G20 country by 2030, according to a Greenpeace report.
The Greenpeace Germany-commissioned study also found that in about half of the G20 countries renewable energy has been cheaper or equal in price to electricity generated from coal or nuclear since 2015.
The report, which was carried out by the Finnish Lappeenranta University of Technology, has been released ahead of the G20 Summit in Hamburg on 7–8 July.
It calculated the electricity generation costs in all G20 countries for the years 2015 and 2030.
Greenpeace Germany energy expert Tobias Austrup said: “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.
“Any G20 country that is still investing in coal and nuclear power plants is wasting their money on technology that will not be competitive in coming years.”