Mmastodon EnvironmentEnvironment first seen 21 h ago, last 48 min ago, peak #1

Emerging Economies Leapfrogging Fossil Fuels with Renewables

Original: 📰 Emerging Economies Are Leapfrogging Fossil Fuels 🌍 Asia & Africa: Renewable electricity here is scaling faster than in

Renewable electricity is scaling faster in Asia and Africa than in Europe or the US, according to a widely shared analysis. Almost all new global power capacity added in 2023 came from solar and wind, and solar is now cheaper than fossil-fuel electricity in many regions, allowing emerging economies to skip fossil-fuel-heavy development paths.

Why now: Falling solar costs and rapid renewable buildout in developing regions challenge assumptions about the global energy transition.

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Evidence

• 📰 Emerging Economies Are Leapfrogging Fossil Fuels 🌍 Asia & Africa: Renewable electricity here is scaling faster than in Europe or the US. In 2023, almost all new global power capacity came from solar and wind. 🔆 Solar is now cheaper than fossil electricity in many regions.… · joewynne@mindly.social · 42

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