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A 21st-century reinvention of the electric grid is crucial for solving the climate change crisis

Renewable Energy World

Then, beginning around 2009, first wind turbines and then solar photovoltaic panels decreased enough in cost to become competitive in electricity markets. Beginning in 1958, these were augmented by nuclear power plants, which have operated nearly continuously to pay off their large capital investments. electricity.

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'We are the good guys': IRENA's Francesco La Camera on hydrogen, nuclear, and the energy crisis

Business Green

But to deliver this scenario requires investment of around five per cent global GDP each year, amounting to an additional $33tr of additional investment in energy efficiency, renewables, end-use electrification, power grids, flexibility, hydrogen infrastructure, and myriad other clean tech innovations, it said. world alive, he said.