Renewables remain the cheapest source of new electricity in most markets and have further strengthened their cost advantage over fossil fuels. New cost data from IRENA, the International Renewable Energy Agency, shows that renewables helped avoid an estimated USD 480 billion in fossil-fuel costs in 2025, protecting users against fuel-price volatility. So the story so far is a good one - a technological and economic success, for wind and solar especially. With costs falling dramatically, they have both boomed globally and look likely to continue to do so, with wind going offshore and into deeper water, thanks to floating systems, and floating solar PV arrays also spreading on lakes and reservoirs. Agri-solar/ solar grazing projects are also getting popular. Projections see solar beating all comers globally in the years ahead. What about the other renewables? Although so far less developed, new wave and tidal projects also continue to emerge around the world, t...
The heatwave across Europe over the last month, with temperatures reaching 40 C and more, had a big impact and seems consistent with what might expect from climate change . The record-breaking temperatures recorded over Europe would have been ‘virtually impossible’ 50 years ago, according to the World Weather Attribution service, with climate change being ‘unequivocally to blame’. It certainly is worrying , with the excess death statistics across Europe rising- including over 1000 in initial reports from France and up to 900 reported in Spain , all this being coupled with huge economic disruption costs. It’s still continuing as I write. And we are likely to see more regularly repeated extreme heatwave episodes like in the years ahead, with even higher peak temperatures – and with the impacts of rising heat in some parts of the word already being much more severe than in Europe. In India especially. In addition, there are the other impacts of global clim...