World Court Rules Wealthy Nations Must Cut Emissions as Renewables Become Dominant and Cheaper
The International Court of Justice declared that wealthy countries are obligated to reduce emissions or face potential reparations, marking a pivotal moment in climate policy. Two major UN-backed reports found that around 90% of new renewable energy projects globally are now less expensive than fossil fuel alternatives, with renewables accounting for 92.5% of new capacity additions and 74% of generation growth in 2024[1][3].
Solar Power Now 41% Cheaper than Fossil Fuels, UN Reports
A United Nations report revealed that solar energy is now 41% less expensive than the cheapest fossil fuel option, reflecting a dramatic drop in costs over the past decade. The report highlights that solar and wind are now the fastest and most cost-effective forms of new energy generation globally, driving a nearly 20% increase in global renewable capacity additions in 2024[3][7].
US Clean Power Pipeline Grows 12% as 7.4GW of Renewables Added in Q1 2025
In the US, 7.4GW of new renewable energy capacity was added in the first quarter of 2025, with the majority of new projects located in Republican-voting states. The national renewable project pipeline expanded by 12% year-on-year, reaching 184.4GW, while the energy storage pipeline jumped by 57%, signaling strong future investment and deployment[2].
Renewables to Overtake Coal in Global Electricity Generation in 2025
According to the International Energy Agency, renewables-based electricity generation is set to surpass coal-fired generation this year for the first time. Wind and solar are expected to individually overtake nuclear generation by 2026, underscoring the accelerating pace of the global energy transition[4].
Global Push for Long Duration Energy Storage to Support Renewable Expansion
Industry leaders and the World Business Council for Sustainable Development are emphasizing the need to scale up long duration energy storage (LDES) technologies to ensure reliability as renewable penetration increases. LDES is seen as critical to managing the intermittency of renewables and building resilient, decarbonized power systems worldwide[5].