UN report: Clean power is up, costs are down
The world added record levels of renewable energy capacity in 2016, according to the UN. But the bill was almost a quarter lower than the previous year, thanks to the plunging cost of renewables. Investment in renewables capacity was roughly double that in fossil fuels, says the report from UN Environment. It follows news that the cost of offshore wind power has fallen by around a third since 2012 – far faster than expected.