Is Alternative Energy Cheaper Than Fossil Fuels

New report predicts renewable energy will be cheaper than fossil fuels by 2020 turning to renewables for new power generation is not simply an environmentally conscious decision it is now.

Is alternative energy cheaper than fossil fuels.

Although coal use has declined in recent years natural gas use has soared while oil s share of the nation s energy tab has fluctuated between 35 and 40. Renewable energy has reached an important milestone. The world economic forum wef has determined that in many parts of the world solar energy is now the same price or even cheaper than fossil fuels for the first time. Renewable energy is now a compelling alternative as it costs less than fossil fuels says michael milken published thu sep 19 2019 3 21 am edt updated thu sep 19 2019 3 43 am edt huileng tan.

Renewable energy will be cheaper than fossil fuels in two years according to a new report. In 2018 those fossil fuels fed about 80 of the nation s energy demand down slightly from 84 a decade earlier. In the past few years the industry surpassed this goal as solar and wind energy are now cheaper than fossil fuels in many areas. For renewables to be a viable replacement for fossil fuels companies need to price them similarly.

Experts predict that investment in green infrastructure projects will lead to decreases in the cost of. When comparing renewable energy to fossil fuels remember that renewable energy generation is cleaner easier to sustain over time expanding more rapidly and sometimes even cheaper than fossil fuels.