{
Wood Mackenzie Ltd.

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renewable energy costs plummet as solar and wind outpace fossil fuels
Solar and wind power are increasingly dominating new power installations due to their declining costs. Reports indicate that renewable energy technologies are projected to become significantly cheaper than fossil fuels by 2060, with substantial reductions in Levelised Cost of Electricity (LCOE) across various regions, including APAC, North America, Europe, Latin America, and the Middle East and Africa. As these technologies mature, they are set to reshape energy markets and promote sustainability globally.
CleanTechnica
United States Dollar Wood Mackenzie Ltd. Amhed Jameel Abdullah Donald Trump Elon Musk Show more
Finance & Economy, Market Report
16:55 28.10.2024
japan's azec initiative promotes fossil fuels despite climate commitments
Japan's Asia Zero Emission Community (AZEC) initiative, aimed at fostering regional decarbonization, has faced criticism for promoting fossil fuel projects, with over one-third of its agreements supporting such technologies. Critics argue that this approach undermines genuine emissions reductions and perpetuates reliance on fossil fuels, despite Japan's commitment to end financing for unabated fossil energy. While some agreements focus on renewable energy, the majority still favor fossil-based solutions, raising concerns about long-term climate impacts in Southeast Asia.
Climate Home News
Japanese Yen Euro United States Dollar Japan Bank for International Cooperation ALTÉRRA Wood Mackenzie Ltd. AUS IDN GBR CAN JPN DEU MYS THA Ayumi Fukakusa Shigeru Ishiba Fumio Kishida Hanna Hakko Amy Kong Show more
Finance & Economy, News Article
18:42 07.10.2024
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