US EditionUN Chief Declares Renewable Energy Cost Tipping Point and Urges 100% Green Power for Data Centers
NEW YORK, UNITED STATES, JUL 22 – Renewable energy investments reached $2 trillion in 2024, surpassing fossil fuels by $800 billion despite fossil fuel subsidies totaling $620 billion globally, the UN reported.
- On Tuesday at UN headquarters, Secretary-General Antonio Guterres unveiled reports highlighting a tipping point in renewable energy adoption worldwide.
- This event followed a background of growing renewable capacity and fossil fuel subsidies reaching $620 billion in 2023, compared to $70 billion for renewables.
- The reports showed 92.5 percent of new global electricity capacity in 2024 came from renewables, with electric vehicle sales rising from 500,000 in 2015 to over 17 million in 2024.
- Guterres emphasized that the era of fossil fuels is declining, highlighted renewables as the best path to energy security, and encouraged technology companies to transition their data centers to run entirely on renewable energy by 2030.
- He warned that nations clinging to fossil fuels risk economic harm, emphasizing the clean energy future is inevitable and pressing for accelerated energy transition efforts.
170 Articles
170 Articles
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Get latest articles and stories on India at LatestLY. The installed capacity of renewables has helped the country save Rs 4 lakh crore in fossil fuel and pollution-related costs in 2024, Union Minister Pralhad Joshi said on Thursday. India News | Renewables Helped India Save Rs 4 Lakh Cr in Fossil Fuel, Pollution-related Costs in 2024: Pralhad Joshi.
From the UN General Secretariat, its holder Antonio Guterres has made it clear that we must bet globally on renewable energies, because it is the ideal way to make a plausible and necessary energy transition. This is the time to do so, because climate conditioning is showing us that global warming is going to be more and that the cessation of GHG emissions is the only solution to stop this phenomenon that we humans themselves have unleashed and …
Can data centers run on 100% renewable energy? The UN thinks so
The United Nations Secretary-General, António Guterres, urged Big Tech to run data centers on 100% renewable energy by 2030. While the cost of renewables continues to decline, significant advancements are needed in grid management and the development of clean, base-load power for data centers to operate without relying on coal or gas-fired power plants. “AI can boost efficiency, innovation and resilience in energy systems, and we must make profi…
U.N. says booming solar, wind and other green energy hits global tipping point for even lower costs
The global switch to renewable energy has passed a “positive tipping point” where solar and wind power will become even cheaper and more widespread, according to two United Nations reports released Tuesday, describing a bright spot amid otherwise gloomy progress to curb climate change. Last year, 74% of the growth…
Clean energy costs drop below fossil fuels as UN urges rapid shift
The United Nations secretary general called on governments to abandon fossil fuels and speed investment in renewables, citing record-low costs and rising energy demands from heat and technology.Fiona Harvey reports for The Guardian.In short:Solar and wind energy projects now outcompete fossil fuels on cost, with renewables attracting $2 trillion in investment last year — $800 billion more than fossil fuels.António Guterres warned that rising pow…
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