EMEA > Africa > Renewables a ‘geopolitical shock absorber’ and their cost advantage over fossil fuels keeps widening, says IRENA

Renewables a ‘geopolitical shock absorber’ and their cost advantage over fossil fuels keeps widening, says IRENA

Published 14:50 on July 2, 2026 / Last updated at 14:50 on July 2, 2026 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Pacific), EMEA (Africa, Europe, Middle East), Net Zero Transition (Power/Electrification, Transport & Heating Fuels)

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The cost advantage of renewable energy over fossil fuels continues to widen - helping to avoid an estimated $480 billion in fossil fuel-related costs last year and about 8.4 bln tonnes of CO2 emissions - turning clean energy into a "geopolitical shock absorber" during times of energy crisis, said the International Renewable Energy Agency (IRENA) in new analysis.
The cost advantage of renewable energy over fossil fuels continues to widen - helping to avoid an estimated $480 billion in fossil fuel-related costs last year and about 8.4 bln tonnes of CO2 emissions - turning clean energy into a "geopolitical shock absorber" during times of energy crisis, said the International Renewable Energy Agency (IRENA) in new analysis.


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