An idea whose time has come
Time is of the essence in tackling the climate crisis
The need to replace fossil fuels
That points to two requirements. First, there is the need to generate electricity from renewable sources; second, the necessity of using it to replace fossil fuel in end-use sectors.
Given that the cost of generating renewable energy has plunged by over 70% since 2010, the price of making the transition is falling – some less developed nations may even be able to avoid investing in giant power stations entirely, moving directly to a model based on renewables.
Flexibility to manage demand
Committed to renewable energy
Euro earmarked for investments
Raised capacity in 2023
Euro in the coming decade