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ENERGY: ‘Insanely cheap energy’: solar power continues to shock the world

Solar is now officially cheapest form of energy – IEA

IEA’s Executive Director, Dr. Faith Birol

May 02, 2021 – Kaieteur News – According to the estimations of the Paris-based International Energy Agency (IEA), solar energy has not only become the cheapest form of energy, but is also poised to become king of global electricity markets.

The intergovernmental organisation which works with countries around the world to shape energy policies for a secure and sustainable future, made this conclusion known in its recent publication of World Energy Outlook 2020. This document is a yearly study that allows the agency to map possibilities for the future.

In the WEO-2020, the agency outlines the “extraordinarily turbulent” impact of the coronavirus on the now “highly uncertain” future of global energy use over the next two decades. The IEA in its highly influential annual outlook offers four global energy “pathways” to 2040, all of which see a major rise in renewables.        Continue reading

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