Takeaways:

  • Thanks to the falling cost of renewables and battery storage long with the rise in gas prices, it is now cheaper to switch from coal to clean energy.
  • The global average cost of switching from coal to renewable energy has plunged by 99% since 2010.
  • The carbon price of switching from coal to clean energy has decreased to -$62 per ton of carbon dioxide emitted on average in 2022.

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