Mmastodon EnvironmentEnvironment first seen 2 d ago, last 16 min ago, peak #1
Emerging Economies Are Leapfrogging Fossil Fuels
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 United States, according to widely shared commentary on global energy trends. In 2023, almost all new power capacity added worldwide came from solar and wind, and solar is now cheaper than fossil-fuel electricity in many regions. The shift suggests developing economies may skip the fossil-fuel-heavy stage of industrialisation that wealthier nations went through.
Why now: Falling solar costs and record renewable capacity additions are drawing attention to how quickly developing countries are adopting clean energy.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1500853