Skip to content
Subscriber Only

Cheap Renewables Shave $10 Trillion Off Cost to Curb Warming

  • Renewable energy group says wind and solar costs are plunging
  • Abu Dhabi-based researcher calls for shift toward electricity
Wildfires Thicken Air Over Thailand Into Planet's Most Toxic
Photographer: Brent Lewin/Bloomberg
Updated on

The cost of reaching global climate goals is falling rapidly as wind and solar prices plummet and policy makers push electrification as the main tool to cut pollution, the International Renewable Energy Agency said.

The group known as Irena revised down its estimates for global investments needed by 2050 in clean energy to meet targets under the Paris Agreement on climate change. The Abu Dhabi-based group now says $115 trillion is needed, down from $125 trillion a year ago, reflecting lower costs to build wind and solar farms.