The United Nations reports that the world has reached a 'positive tipping point' in the transition to renewable energy, with 92.5% of new electricity capacity in 2024 coming from renewables.
Solar and wind power are now significantly cheaper than fossil fuels, with around 90% of new renewable projects costing less than traditional energy sources. UN Secretary-General António Guterres emphasized that the era of fossil fuels is 'flailing and failing,' urging governments and tech companies to accelerate the shift to clean energy, especially as AI and data centers drive up electricity demand. The UN warns that while progress is remarkable, the transition must speed up to meet climate goals.
The shift is now seen as 'smart economics,' making renewables not just environmentally necessary but also financially advantageous.
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