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Solar energy set to eclipse fossil fuels as world passes ‘tipping point’, study reveals
‘The recent progress of renewables means that fossil fuel-dominated projections are no longer realistic,’ says researcher
Anthony Cuthbertson
3 days ago
https://www.independent.co.uk/tech/solar-energy-renewables-fossil-fuels-b2432493.html

Key excerpts:

“Solar energy is the most widely available energy resource on Earth, and its economic attractiveness is improving fast in a cycle of increasing investments,” the researchers wrote in a study detailing their findings.

“We find that, due to technological trajectories set in motion by past policy, a global irreversible solar tipping point may have passed where solar energy gradually comes to dominate global electricity markets, without any further climate policies.”



The latest research comes less than a month after a Berlin-based research institute calculated that fossil fuel-generated power will no longer be economically viable within the next 30 years due to the plummeting costs of solar, batteries and other renewable technologies.

The UK saw a record-breaking year for renewable energy last year, and is on track to do the same in 2023 following the installation of new solar and wind plants.

Wind, solar, biomass and hydro power generated 40 per cent of the country’s electricity in 2022, according to figures compiled by Imperial College London, up 5 per cent from the year before.