Climate Change / Energy

US will meet Paris accord commitments even if Donald Trump withdraws, says report

Renewable energy will be the cheapest form of power in almost every country by 2020, analysts claim

Wind turbines have become increasingly efficient, as longer wind blades have been developed. photo: Christian Charisius/Reuters

LONDON, ENGLAND — “The plummeting cost of renewable energy means even if Donald Trump pulls the US out of the Paris climate change accord, America will still meet its commitments in the agreement, a new report has said.

Analysts at investment company Morgan Stanley say prices for clean energy will soon sink to lower than more polluting sources.

With the exception of a few countries in Southeast Asia, renewable energy will be the cheapest form of power in almost every country by 2020, the report said.

‘We project that by 2020, renewables will be the cheapest form of new-power generation across the globe,’ the company wrote.

‘By our forecasts, in most cases favourable renewables economics rather than government policy will be the primary driver of changes to utilities’ carbon emissions levels.'”

— Harriet Agerholm, Independent UK

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