Cleaning up electricity only gets the world part of the way towards climate targets
On one front at least, it is hard to look ahead to 2025 with optimism. Hopes that climate change can be solved by global political horse-trading were further reined in by a dismal COP29 summit in Baku in November. Donald Trump’s re-election in the US has raised fears about what his return to the White House will mean for green technologies.
But very broadly, systems with perhaps 60 per cent of renewable generation can still be cheaper than the full fossil alternative. In very sunny places the optimal mix is higher. A failed offshore wind auction in December in Denmark — where wind energy already account for more than half of the power mix — suggests that some countries are already bumping up against the limits of what is economically feasible. But elsewhere there is a lot of ground to cover.
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