"The cost of reaching global climate goals is falling rapidly as wind and solar prices plummet and policy makers push electrification as the main tool to cut pollution, the International Renewable Energy Agency said.
The group known as Irena revised down its estimates for global investments needed by 2050 in clean energy to meet targets under the Paris Agreement on climate change. The Abu Dhabi-based group now says $115 trillion is needed, down from $125 trillion a year ago, reflecting lower costs to build wind and solar farms.
The global energy shift needs significant investments but they will more than pay off in curbing emissions and in health and environmental benefits, Irena’s new Director-General Francesco La Camera said by email. Green energy costs are falling rapidly, he said."
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