Energy stands at the forefront of the climate crisis, acting as both the challenge and the solution.

The burning of fossil fuels for electricity and heat is a significant source of greenhouse gases, responsible for over 75% of global emissions and almost 90% of carbon dioxide emissions.

Clear scientific consensus dictates a need to cut emissions by nearly half by 2030, achieving net-zero emissions by 2050 to avert severe climate consequences.

The pathway to this goal lies in transitioning away from fossil fuels and embracing clean, accessible, affordable, sustainable, and reliable alternative energy sources. Renewable energy, harnessed from the sun, wind, water, waste, and geothermal heat, offers a compelling solution.

Remarkably, it has become the most cost-effective energy option globally, with solar power costs plummeting by 85% and onshore/offshore wind costs decreasing by 56% and 48% respectively between 2010 and 2020.

These falling costs make renewable energy increasingly viable, particularly for low- and middle-income countries where substantial growth in global electricity demand is anticipated. By 2030, affordable renewable electricity is projected to constitute 65% of the world's total supply, contributing significantly to decarbonizing 90% of the power sector by 2050.

While solar and wind costs are expected to rise slightly in 2022 and 2023, their competitiveness has improved compared to fossil fuels due to increased prices in natural gas and coal. Despite fossil fuels still dominating global energy production, approximately 29% of electricity is now sourced from renewables.

The transition to cleaner energy is not only an environmental imperative but also crucial for public health. The World Health Organization reports that 99% of the world's population breathes air exceeding quality limits, causing over 13 million avoidable deaths annually. Fossil fuel-driven air pollution led to staggering health and economic costs of $2.9 trillion in 2018.

Switching to cleaner energy sources, such as wind and solar, not only combats climate change but also addresses air pollution, offering a dual solution to health and environmental challenges.

As the world grapples with the urgency of climate action, investing in renewable energy emerges not just as a means of combating global warming but as a holistic strategy for a healthier, more sustainable future.

The urgency to confront climate change pivots on transforming our energy landscape. Fossil fuels, responsible for a staggering 80% of global energy production, are the predominant source of greenhouse gas emissions, necessitating a seismic shift towards sustainable alternatives.

Renewable energy, abundant in the form of solar, wind, hydro, and geothermal power, emerges as a beacon of hope. Notably, falling costs have propelled renewables to the forefront, making them not just environmentally sound but economically viable.

Between 2010 and 2020, the cost of solar power plummeted by an impressive 85%, while onshore and offshore wind costs saw reductions of 56% and 48%, respectively.

This affordability opens doors for nations, particularly low- and middle-income countries, to embrace clean energy solutions. Projections indicate that by 2030, renewable sources will contribute a substantial 65% to the global electricity supply, a remarkable stride toward achieving net-zero emissions by 2050.

Beyond climate considerations, the health implications of fossil fuel reliance are stark. Air pollution, largely fueled by fossil fuel combustion, results in over 13 million avoidable deaths annually, carrying a hefty economic cost of $2.9 trillion in 2018 alone.