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Emerging Economies Leapfrogging Fossil Fuels with Renewables

Original: 📰 Emerging Economies Are Leapfrogging Fossil Fuels 🌍 Asia & Africa: Renewable electricity here is scaling faster than in

Renewable electricity is scaling faster in Asia and Africa than in Europe or the US, with emerging economies skipping fossil fuel buildout in favour of clean power. In 2023, almost all new global power capacity came from solar and wind, and solar is now cheaper than fossil electricity in many regions. Commenters are highlighting the shift as evidence that developing nations may lead the world's energy transition.

Why now: New data showing emerging economies adopting renewables faster than wealthy nations is striking to energy watchers

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• 📰 Emerging Economies Are Leapfrogging Fossil Fuels 🌍 Asia & Africa: Renewable electricity here is scaling faster than in Europe or the US. In 2023, almost all new global power capacity came from solar and wind. 🔆 Solar is now cheaper than fossil electricity in many regions.… · joewynne@mindly.social · 42

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