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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Report highlights include: Cape Wind’s troubles. Source: IRENA.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Global energy consumption grew by 2.5% globally, and 8.4% Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total. of global energy use, losing share for 12 consecutive years. Oil remains the world’s leading fuel, but its 33.1%

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