Green energy has passed the “positive turning point” and the cost will decrease, the United Nations says

The global transformation of renewable energy has exceeded a “positive turning point” where solar energy and wind will become cheaper and more widespread, according to Tuesday’s UN reporters describing a luminous spot amid dark progress on climate change.

Last year, 74 percent of the growth in electricity generated all over the world from wind, solar energy and other green sources, according to the United Nations multi -agent report, is called so -called Take the moment of opportunities.

It found that 92.5 percent of all new electricity capacity added to the network all over the world in that time period came from renewable energy sources. Meanwhile, sales of electric cars increased from 500,000 in 2015 to more than 17 million in 2024.

The three cheapest electricity sources around the world last year were wild winds, solar panels and new hydroelectric power, according to the energy cost report issued by the International Renewable Energy Agency (IRNA).

Reports said that solar energy is now 41 percent cheaper and wind power by 53 percent worldwide than fossil fuels are less expensive. It includes fossil fuels, which are the main cause of climate change, coal, oil and natural gas.

“The era of fossil fuels collapses and fails.” “We are at the dawn of the new energy age. A era where cheap, clean and abundant energy works on a world rich in economic opportunity.

“You only need to follow the funds,” said Guterres, quoting reports last year that there are 2 trillion US dollars from investing in green energy, which is approximately 800 billion US dollars more than fossil fuels.

Renewable energy sources grow despite the high fossil fuel subsidies

However, UN officials said that the transition to renewable energy, although it is wonderful compared to 10 years, does not happen quickly enough.

The growth of global renewable energy was mostly in developed countries such as China-where one of the 10 economy is associated with green energy-as well as countries like India and Brazil.

However, Africa represented less than two percent of the new green energy capacity that was installed last year despite the presence of large electrical needs, according to reports. UN officials blame the high cost of capital in the global south.

“The global south to generate its electricity should be enabled without adding to the level of debts that are not already sustainable,” said Adele Thomas, climate scientist Adele Thomas of the Council of Natural Resources.

Thomas, who did not work in the reports, added that they describe the legend that clean energy cannot compete with fossil fuels, and instead, showing the future of clean energy is not possible but it is possible that it is inevitable.

Jonathan Overbick, Dean of the Faculty of Environment and Sustainability at the University of Michigan, said that United Nations reports are “right to money.” Overpeck, who was not part of the studies, said the economic turning point leads to a course that continues to lead renewable costs and makes fossil fuel energy less and less desire.

Renewable validity materials thrive, although fossil fuels get government consumption benefits for nearly nine times as do, Guetris and reports. In 2023, global fossil fuel subsidies amounted to $ 620 billion, compared to $ 70 billion to confront renewable energy, the United Nations said.

But just as renewable energy sources flourish, the production of fossil fuels in the world is still increasing, rather than descending in response. UN officials said this is due to the increased energy demand in general, driven by developing countries, artificial intelligence databases and the need to cool down in a warm world.

Guterres said: “The model of the model intelligence data center deals with a lot of electricity that reaches 100,000 homes, and called on the world’s main technology companies to completely energy data centers with renewable energy sources by 2030,” Guterres said.

Solar energy and wind programs cut us in us

In the United States, solar energy and wind were growing at a rate of 12.3 percent annually from 2018 to 2023, the iRena report said. But since President Donald Trump took office in January, his administration withdrew the nation from the Paris Teacher Convention on Climate Change and has reduced many federal renewable energy programs, with a renewed focus on fossil fuel.

Guterres has warned that the countries hanging on fossil fuels were heading to a dangerous path that would make them poorer, not richer, without specifically naming the United States.

He said: “Countries clinging to fossil fuel does not protect their economies, they sabotage them. Increased costs. Understanding competitiveness. Lock the assets that were cut off.”

Guterres said renewable energy sources are the smart way to go to energy security. With renewable energy sources, “There are no price mutations for sunlight. There is no ban on the wind.”