The world is burning – we need a renewables revolution

To that end, I have called on G20 governments to dismantle coal infrastructure, with a full phase-out by 2030 forand 2040 for all others. I have urged financial actors to abandon fossil fuel finance and invest in renewable energy. And I have proposed a five-point plan to boost renewable energy around the world.

In 2020, the world installed five gigawatts of battery storage. We need 600 gigawatts of storage capacity by 2030. Clearly, we need a global coalition to get there. Shipping bottlenecks and supply-chain constraints, as well as higher costs for lithium and other battery metals, are hurting deployment of such technologies and materials just as we need them most.

And fifth, we need to triple investments in renewables. This includes multilateral development banks and development finance institutions, as well as commercial banks. All must step up and dramatically boost investments in renewables. There is no excuse for anyone to reject a renewables revolution. While oil and gas prices have reached record price levels, renewables are getting cheaper all the time. The cost of solar energy and batteries has plummeted 85% over the past decade. The cost of wind power fell by 55%. And investment in renewables creates three times more jobs than fossil fuels.

Crazy statement . Renewable energy is intermittent, how the hell do you associate it with energy security?

🤦🏾‍♀️ renewable and energy security or stable power don’t go hand in hand

Thats nonsense the project failed in Germany and khantri now you media are going with the nonsense of renewables energy why misleading the people Bathong 🙄

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