In most of the world, renewable electricity is already competitive in terms of price with fossil fuels. That’s good news, but according to a new report, renewable energy is set to get the upper hand by 2020. In the report, analysts predicted that all forms of renewable electricity will be consistently cheaper than power produced by burning fossil fuels. Today, fossil-fuel power typically costs between $0.05 to $0.17 per kWh. By comparison, all forms of renewables are expected to be under the threshold of $0.10 per kWh by 2020, with hydropower, onshore wind, bioenergy and geothermal all sitting under $0.07 per kWh already.
Renewables will be consistently cheaper than fossil fuels by 2020
More of Today's Solutions
The power of “solar balconies”: Germany’s solar revolution ...
In Germany's busiest cities, a quiet shift is taking place on apartment balconies. While rooftop solar has long been seen as a key component of ...
Read MoreThe science behind laughter in babies and children
Children's laughter is frequently interpreted as a simple display of joy, but scientific research reveals a deeper meaning lies beyond the surface. Contrary to ...
Read MoreStudy suggests an underripe banana a day lowers risk of a range of cancers
A new longitudinal study spanning almost two decades has produced some intriguing results regarding resistant starch. What you ask, is 'resistant starch'? It is ...
Read MoreOpting out: 4 alternative movements to redefine Black Friday
Right now, the Black Friday shopping festivities are undoubtedly engulfing our screens and storefronts. It's easy for consumerism to take center stage, but nonetheless, ...
Read More
