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 Egypt 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.