In 2017, renewable energy reached a breakthrough in Europe, when it became cheaper to install offshore wind power than to build new fossil-fuel based power plants.
This is a remarkable achievement on its own. It confirms that it’s economically viable to build a European economy that runs on green energy. And this is vital if Europe is to meet its commitment in the Paris Agreement to limit global temperature increases to 2 degrees above preindustrial levels by 2100, while striving towards 1.5 degrees.
It also means that the focus of debate in this important arena is now shifting from “how much green energy can we afford?” to “what type of green transformation do we want to see and what framework can enable it?”
Read the full report here.