Plummeting Costs are Fueling the Green Energy Transition in the US
Falling energy costs are accelerating America’s transition from fossil fuels to renewables. The green transition in the U.S. is gaining increasing momentum amidst plummeting prices, particularly in the solar energy segment, and bringing the country closer to eliminating coal, oil, and other polluting fossil fuels from its energy mix. Solar energy costs have plummeted by more than 99% over the past two decades, making it the most dominant renewable form of energy in the U.S. and other major markets. Although natural gas and renewables have trended upwards at the expense of coal for years now, the 2022 Inflation Reduction Act…