A cost-of-energy analysis of different sources of electricity generation shows that solar, wind, and batteries offer some of the cheapest sources of power on offer. Still, there are challenges slowing faster deployment.
In its latest report, the IPCC said that greenhouse gas emissions need to halve by the end of the decade to avoid catastrophic warming. That means slashing the production and consumption of fossil fuels.
A growing number of European countries are looking to quit the Energy Charter Treaty, a controversial international accord that protects energy investments and that environmentalists say is jeopardizing climate transition efforts in member countries, sparking new hopes that the agreement might eventually be shelved.
Brazil’s president-elect Luiz Inácio Lula da Silva wants to reassert some form of state control over motor fuel prices and steer state-run Petrobras back into refining, but analysts say he will have limited political and economic scope for major near-term fossil fuels policy changes.
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