Switch from coal to renewables cheaper than shifting to gas, report finds

Published 00:01 on May 10, 2022  /  Last updated at 21:33 on May 13, 2022  /  Americas, Asia Pacific, Carbon Taxes, China, EMEA, EU ETS, International, Japan, US  /  No Comments

The rapidly declining cost of renewable energy with battery storage, coupled with increasing volatility in gas prices, now reflect that it is cheaper to make the switch from coal to clean sources of electricity than it is to shift from coal to gas-fired power, research released on Tuesday has found.

The rapidly declining cost of renewable energy with battery storage, coupled with increasing volatility in gas prices, now reflect that it is cheaper to make the switch from coal to clean sources of electricity than it is to shift from coal to gas-fired power, research released on Tuesday has found.

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