Excerpt from a new report from CarbonTracker

“Renewable electricity from solar and wind costs less than electricity from gas and coal, … giving rise to a trillion dollar energy windfall. … Renewable costs are below those of fossil fuels …. for two thirds of the world, renewable electricity is the cheapest source of new baseload. By the early 2020s it will be every major country. … The cost of new renewables will become cheaper than fossil operating costs during the 2020s, …. Renewables … cut deaths from air pollution, … enhance energy independence …. produce more local jobs, increase social justice and are extremely popular. … The world can now enjoy a renewable energy … trillion dollar windfall. Add in the value of renewables in cutting the externality costs of fossil fuels, and you rapidly get to a much larger number. The reward to successful policymakers will be greater wealth, cleaner air, reduced global warming, energy independence and electoral success.”