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Costs for switching from coal to renewables has plunged: TransitionZero

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Power workers inspect photovoltaic power generation facilities at a 35-MEGAwatt “fish-light complementary” photovoltaic power station in Binhai New Area, Haian City, East China’s Jiangsu Province, on March 15, 2022.

Costfoto | Future Publishing | Getty Images

Record-high coal and gas prices have been pushing prices higher for consumers and businesses alike, but there could be a silver lining.

According to the findings of climate analytics firm TransitionZero, it is now cheaper to switch from coal to clean energy, compared to switching from coal to gas — thanks to the falling cost of renewables and battery storage, coupled with the rising volatility of gas prices.

“The carbon price needed…



Source cnbc.com

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