Part 4/12:
A common barrier cited against renewable adoption is cost. However, the speaker counters this, pointing out that renewables have become increasingly competitive over recent years. In many regions—especially in the developing world—renewable energy now often outpaces fossil fuels in cost.
Recent trends show a surge in renewable installation capacity, with China leading the charge—particularly in solar power, where it accounted for around 40% of new capacity last year. The decline in renewable costs, combined with technological improvements, makes a compelling case that cleaner energy is also more economical.