Plunging price of renewable energy makes end of fossil fuels inevitable, says report

Plunging price of renewable energy makes end of fossil fuels inevitable, says report

The transition from fossil fuels to renewable energy “now appears irreversible” as the cost of green power plunges, according to a new report. In The Transition Takes Hold, Clean Energy Canada said some 6.7 million people were working in the sector worldwide with one out of every 50 new jobs in the US being created by the solar industry alone. And it highlighted prediction that generation costs for large-scale solar power plants were expected to drop by a massive 57 per cent by 2025, with onshore and offshore wind expected to become 26 and 35 per cent respectively.

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