Donald Trump's second term has seen opposition to clean energy projects while attempting to revive coal, which energy experts criticize as economically and environmentally misguided. An International Renewable Energy Agency report reveals that 91% of renewable projects commissioned in 2024 are more cost-effective than new fossil fuels. Solar electricity is 41% cheaper than fossil fuels, and onshore wind is 53% cheaper. Governments heavily subsidize fossil fuels, totaling $620 billion in 2023, overshadowing $70 billion for clean energy. The UN emphasizes the economic risks of fossil fuel dependence, presenting renewables as a significant opportunity.
Electricity generated from solar power is now 41% cheaper than the cheapest fossil fuel alternative, and onshore wind is 53% cheaper. In 2024, renewables helped avoid $467 billion in fossil fuel costs.
Countries that cling to fossil fuels are not protecting their economies-they are sabotaging them. Driving up costs. Undermining competitiveness. Locking in stranded assets. And missing the greatest economic opportunity of the 21st century.
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