Energy Transition

Renewables were the world’s cheapest source of energy in 2020, new report shows

renewable-cheapest-source-of-energy

Renewables are now significantly undercutting fossil fuels as the world’s cheapest source of power, according to a new report. Image: REUTERS/Javier Barbancho

Victoria Masterson
Senior Writer, Forum Agenda
Share:
Our Impact
The Big Picture
Explore and monitor how Energy Transition is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Energy Transition

Listen to the article

cost-of-renewable-energy-falling.
The cost of renewable energy is falling. Image: Renewable Power Generation Costs in 2020, IRENA

Savings from a clean energy transition.
Savings from a clean energy transition. Image: Renewable Power Generation Costs in 2020, IRENA

Discover

What's the World Economic Forum doing about the transition to clean energy?

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Energy TransitionSDG 07: Affordable and Clean EnergySDG 13: Climate Action
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

More on Energy Transition
See all

Have we reached peak greenhouse gas emissions?

Homi Kharas and Wolfgang Fengler

December 8, 2023

1:47

This is a new kind of wind turbine

About Us

Events

Media

More from the Forum

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum