A Moment Of Opportunity To Embrace Renewables: It's Smart Economics - CleanTechnica

The article from CleanTechnica highlights the compelling economic and security reasons behind the global shift toward renewable energy, as emphasized by UN Secretary-General António Guterres. Despite current global challenges such as conflict, climate crises, and geopolitical tensions, renewables present a transformative opportunity driven by smart economics. Guterres points out that fossil fuels receive disproportionately high subsidies—nine times more than renewables—creating a market distortion worsened by unaccounted climate damages. However, the rapidly falling costs of renewable technologies, such as solar and wind, have made them more cost-competitive than coal and gas, marking a decisive turning point in the energy transition. Guterres identifies three key reasons why the clean energy future is inevitable: market economics, energy security and sovereignty, and ease of access. Economically, renewables are fueling growth, with clean energy sectors contributing 10% to global GDP growth in 2023 and employing nearly 35 million people worldwide. Regions like Texas have embraced renewables for economic