SKIPPING OUR WORST MISTAKE:
The solar boom is rapidly transforming emerging economies: Renewable electricity is cheaper than ever. So while the West got rich on coal and oil, some of the poorest countries in the world are banking on solar, wind and water instead. (Kira Schacht, 10/07/26, Deutsche-Welle)
Many of the same countries that became economically powerful off the back of fossil fuels are now trying to transition to renewables. But they are held back by centuries of legacy infrastructure.
Because a gas boiler won’t run on wind power, and a diesel truck cannot be solar-powered, societies looking to shift to green energy need to use more electricity and increase their share of renewables.
That is where many middle- and lower-income countries have an advantage. With less existing energy infrastructure built around fossil fuels, they are better placed for a faster rollout of renewable electricity sources.
In many instances, solar power in particular is now cheaper to produce than fossil electricity. And unlike large coal or gas plants, which take years to construct and millions in investments, solar and wind farms can be built quickly and with much less upfront cost.
