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It's Official: Solar Is Becoming World's Cheapest Form of New Electricity
By Nadia Prupis
While unsubsidized solar has occasionally done better than coal and gas in individual projects, 2016 marked the first time that the renewable energy source has out-performed fossil fuels on a large scale—and new solar projects are also turning out to be cheaper than new wind power projects, BNEF reports in its new analysis, Climatescope.
The cost of solar in 58 developing nations dropped to about a third of 2010 levels, with China in particular adding a record number of solar projects. And as the Independent notes, solar "has proved a godsend for remote islands such as Ta'u, part of America Samoa, in the South Pacific."
In fact, Ta'u has been able to abandon the use of fossil fuels altogether and power itself almost entirely on renewable energy.
"Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot," said Ethan Zindler, head of BNEF's U.S. policy analysis.
Disclosed capex for onshore wind and PV projects in 58 non-OECD countries.Bloomberg New Energy Finance
BNEF chairman Michael Liebreich also told investors this week that "[r]enewables are robustly entering the era of undercutting" fossil fuel prices.
Unsurprisingly, developing countries are at the forefront of this advancement, having invested in clean energy economies to stave off the catastrophic effects of climate change at a greater rate than wealthy nations.
"[F]or populations still relying on expensive kerosene generators, or who have no electricity at all, and for those living in the dangerous smog of thickly populated cities," Bloomberg reports, "the shift to renewables and increasingly to solar can't come soon enough."
Reposted with permission from our media associate Common Dreams.
EcoWatch Daily Newsletter
By Gretchen Goldman
The Independent Particulate Matter Review Panel has released their consensus recommendations to the EPA administrator on the National Ambient Air Quality Standards for Particulate Matter. The group of 20 independent experts, that were disbanded by Administrator Wheeler last October and reconvened last week, hosted by the Union of Concerned Scientists, has now made clear that the current particulate pollution standards don't protect public health and welfare.
By Julia Ries
- Antibiotic resistance has doubled in the last 20 years.
- Additionally a new study found one patient developed resistance to a last resort antibiotic in a matter of weeks.
- Health experts say antibiotic prescriptions should only be given when absolutely necessary in order to avoid growing resistance.
Over the past decade, antibiotic resistance has emerged as one of the greatest public health threats.
By Simon Evans
Renewable sources of electricity are set for rapid growth over the next five years, which could see them match the output of the world's coal-fired power stations for the first time ever.