Wind and Solar Energy Are the Cheapest Forms of New Renewable Energy Generation in Most of the World Today
Last week, the International Energy Agency stated that wind and solar energy are beginning to surpass coal as the cheapest form of electricity. But there is an economic limit to the growth of these renewable energy sources.
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- Brazilian Shipbuilding Industry Could Reach 80,000 Unemployed by 2020
- Brazilian Heavy Oil Is One of the Factors Contributing to Rising Fuel Prices
- Wind Energy Was Considered the Cheapest Renewable Energy Source Between 2015 and 2019, According to CCEE
Shipbuilding Industry Facing Risks of Revolution in Wind Energy
The shift to renewable energy is likely to transform a number of sectors, particularly maritime transport. One-third of the cargo miles transported by ships come from the transport of fossil fuels around the world, and 70% of that segment is oil.
As renewable energy gains market share in oil, gas, and coal, shipping companies that supply these fuels will suffer. “It is highly likely that there will be a reduction in demand for maritime and rail transport, which could mean lower energy consumption and lower emissions,” said Henbest.
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A study reveals the expansion of renewable energy procurement in Brazil and shows how companies are taking advantage of opportunities to reduce expenses, ensure energy efficiency, and strengthen strategic environmental commitments.
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Mato Grosso do Sul excels in the sugar-energy sector: the state reaches a milestone of 22 operating mills and accelerates the production of clean energy in MS with a focus on sustainability.
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National energy dilemma: Brazilians support clean energy but reject increases in tariff costs to finance the sustainable transition.
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Research indicates that Brazilians support clean energy and wish to advance in the energy transition, but reject paying more on their electricity bill, showing a direct conflict between cost and sustainability.
More Renewable Energy for Homes
Using wind energy to heat homes and power electric cars can save energy and reduce emissions, according to the report. An electric vehicle consumes up to three times less energy than a conventional combustion engine. Switching to heat pumps instead of traditional gas boilers would make building heating much more efficient by several multiples.
It is estimated that melting down old steel and remaking it is five times more energy efficient than making the material from scratch. In energy generation, BNEF estimates that coal is also one of the most inefficient ways to produce electricity, as 65% of the energy is lost in the process of burning the fuel.

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