Solar and wind are now almost always the least expensive and fastest option for new energy generation, according to the UN.
Almost all new power capacity built around the world came from renewables, and almost every continent on Earth added more renewables capacity than fossil fuels last year.
Nearly three-quarters of the growth in electricity generated worldwide was from wind, solar and other green sources, according to the UN's multiagency report, called Seizing the Moment of Opportunity.
UN Secretary General Antonio Guterres said it shows “how far we have come in the decade since the Paris Agreement sparked a clean energy revolution.”.
Solar is now 41 per cent cheaper than fossil fuels.
Offshore wind is now also 53 per cent cheaper and is the most affordable source of new renewable energy.
Guterres also pointed out that fossil fuels still get almost nine times the government consumption subsidies as renewables. »