Renewables are often the cheapest source of energy , according to the European Bank for Reconstruction and Development . It electricity prices had fallen to $ 0.025 / kWh in some countries thanks to competition , policy changes and incentives . The bank itself has invested € ##500 ( $ 30bn ) in Green Economy Transition projects since 2006 , including $ 6.3bn on renewable energy . It now wants what it calls a “ step change ” in renewable investment , and plans to launch the FT Climate Finance Summit in London to promote its involvement in renewable energy projects in 38 emerging markets .
Renewables are often the cheapest source of energy, according to the European Bank for Reconstruction and Development. It said prices had fallen to $0.025/kWh in some countries thanks to competition, policy changes and investment. The bank itself has invested €26bn ($30bn) in Green Economy Transition projects since 2006, including €6.3bn on renewable energy. It now wants what it calls a “step change” in renewables investment, and plans to join the FT Climate Finance Summit in London to promote its involvement in renewable energy projects in 38 emerging markets.