BNEF study: Falling renewables' costs are 'chilling' news for fossil fuel industries

BusinessGreen staff
clock
Credit: GE
Image:

Credit: GE

'Spectacular' reduction in cost for wind, solar and batteries is threatening fossil fuel dominance in the global energy mix, according to latest BNEF report

The "spectacular" ongoing cost reduction of renewables technologies such as wind, solar and batteries is threatening the dominance of fossil fuels in the global energy mix, a new analysis by Bloomberg...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Targets are not enough: Truss and Sunak must outline their plans to get to net zero

Targets are not enough: Truss and Sunak must outline their plans to get to net zero

Establishing stability and delivering the legislation needed to deliver net zero should be top of the next PM's to-do list, writes the REA's Amy MacConnachie

Amy MacConnachie, REA
clock 05 August 2022 • 4 min read
Cement packs sit in a warehouse | Credit: YCC

Collaboration, risk sharing, and common standards: What are the key accelerators of industrial decarbonisation?

A new report from WEF and Accenture sets out recommendations for how financiers, businesses, and government can work together to decarbonise some of the world's most hard-to-abate sectors

Cecilia Keating
clock 04 August 2022 • 5 min read
The cure to the cost-of-living crisis? A fossil fuel detox and retrofit revolution

The cure to the cost-of-living crisis? A fossil fuel detox and retrofit revolution

The government must revamp its 'half-hearted' windfall tax to divert fossil fuel firms' bumper profits into home energy efficiency upgrades and support for low-income households, writes Ashden's Harriet Lamb

Harriet Lamb, Ashden
clock 04 August 2022 • 4 min read