Fossil Fuel Production Soaring Despite Data Showing Dropping Renewable Energy Costs

September 25, 2023 12:55:24

Although renewables are performing better than they ever have amid increasing demand and dropping prices, fossil fuel production is still soaring. Solar and wind energy cumulatively accounted for around 12% of global electricity generation in 2023, and experts predict renewable energy production from these sources will increase significantly over the decade.

Wind energy broke the threshold of a terawatt of energy generated this year, which is almost equal to the total capacity of installed wind energy in the…

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