Green Energy Is Now As Cheap As Fossil Fuels
Renewable energy is now as cheap as fossil fuels, without the added cost of destroying human civilization. Between 2010 and 2017, solar and wind costs decreased by 81% and 62%, respectively. These are dramatic gains, making green energy immediately competitive with fossil fuels. In the long-term, it’s like choosing between a coffee and crystal meth. Both will wake you up, but one will make your teeth fall out.
I’ll take the coffee, please.
As you can see in the graph above, wind and especially solar prices have dropped dramatically, far ahead of predictions.
And investments are following. Renewables are now 61% of net capacity additions globally. In the US alone, the green economy has already created 10 times as many jobs as fossil fuels. In South Africa, they’re looking at a million new jobs from renewable energy by 2050.
Developing countries are increasingly leapfrogging past 1800s era fossil fuel technology straight into renewables. They allow for a more distributed grid and use a resource every country has — sun and wind.
