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The international agency for renewable energies has its main quarter in Masdar City, in the Arab emirat Abu Dhabi. (Image: IRENA/flickr.com/CC BY-NC-SA 2.0)
Abu Dhabi (energate) - A new report by Irena, the intergovernmental agency for the global energy transition, shows that two-thirds of the renewables added in 2021 cost less than the cheapest coal-fired plants in the G20 countries. Irena estimates that, given the high price of fossil fuels, the addition of renewable energy in 2021 will reduce global energy production costs by around 55 billion US dollars in 2022. In 2021, renewable energy costs have continued to fall as supply co ...
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