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The Renewables 2017 Global Status Report, published by international renewable body Ren21, found solar panels made up nearly half, 47 per cent, of the extra capacity added, followed by wind on 34 per cent and hydro-electric schemes on 15.5 per cent.
In a statement, Ren21 said: “Renewables are becoming the least cost option.
And, in a further sign of the tumbling price of low-carbon electricity, Denmark, Egypt, India, Mexico, Peru and the United Arab Emirates are all now receiving supplies at less than five US cents (about 4p) per kilowatt-hour, “well below” fossil fuels and nuclear.“Winners of two recent auctions for offshore wind in Germany have done so relying only on the wholesale price of power without the need for government support, demonstrating that renewables can be the least cost option.” Christine Lins, executive secretary of REN21, said the “world is in a race against time”.She added: “The single most important thing we could do to reduce carbon dioxide emissions quickly and cost-effectively, is phase-out coal and speed up investments in energy efficiency and renewables.” “When China announced in January that it was cancelling more than 100 coal plants currently in development, they set an example for governments everywhere: change happens quickly when governments act – by establishing clear, long-term policy and financial signals and incentives.” In total, more renewable capacity was added that the total extra capacity from all fossil fuels combined.Get dating advice and anecdotes from our very own Match bloggers on all things relationships!
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