Comparing electricity production costs of renewables to fossil and nuclear power plants in G20 countries
Wind energy and solar power will be the cheapest form of power generation in every G20 country by the year 2030 at the latest, a new Greenpeace Germany report has found. Ahead of the G20 Summit in Hamburg, the Greenpeace Germany-commissioned study also found that in about half of the G20 countries, renewable energy has been cheaper or equal in price to electricity generated from dirty coal or hazardous nuclear power plants since 2015. There can be no excuses anymore. Climate protection increasingly makes economic sense across the G20 as renewable energy becomes cheaper than dirty coal and nuclear, Greenpeace Germany energy expert Tobias Austrup said. Any G20 country that is still investing in coal and nuclear power plants is wasting their money on technology that will not be competitive in coming years. The G20 now has a responsibility to send a clear signal that accelerating the clean energy transition is not only the right thing to do for the climate, but also for the economy.