THE GND IS TOO CAUTIOUS:

1) Clean energy is a smart investment

Fossil fuels used to be less expensive than cleaner energy, but this is changing. Renewables are becoming more affordable every year, and some options are now cheaper than fossil fuels. The price of solar has decreased by 89 percent since 2010. It is now cheaper to go solar than to build new coal power plants in most countries, and solar is now the cheapest electricity in history. Amid an exceptionally challenging year, and despite suffering setbacks, the renewables sector has shown some resilience.

This fall in price, coupled with technological progress and the introduction of innovative business models, means we are now at a tipping point. Energy efficiency technologies can also deliver climate benefits. The right efficiency policies could enable the world to achieve more than 40 percent of the emissions cuts needed to even without new technology.

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