The International Energy Agency has a long history in fossil fuels. It is not the first, second, or third organization that would come to mind when thinking of renewable energy bulls or fans. However, its latest report indicates that solar power is now the “cheapest electricity in history.” The International Energy Agency (IEA) said much more than this in its 464-page World Energy Outlook 2020 , but when it comes down to it, this is the line that matters most. The past decade has shown tremendous growth in solar power and wind power worldwide, but the next decade is where they’ll really shine, because the key crossover points have now occurred (like solar becoming cheaper than every other electricity source, on average) or will soon occur (like electricity from new solar power plants becoming cheaper than electricity from existing fossil fuel power plants). Solar is now ‘cheapest electricity in history’, confirms @IEA https://t.co/HdvSn8lDTP #renewables #ClimateChange pic.twitter.com/PQwmy8Q59D — World Economic Forum (@wef) October 18, 2020 Like a couple of other major energy agencies, the IEA has long published absurdly pessimistic reports regarding renewable energy. The reason for that is up for debate, but there is no debating that’s been the […]

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