Renewable energy auctions: bidding our way to a greener future

“Too often we hear, in both developing and developed markets, that renewable energy is too costly because of the subsidies it receives. This was true when the nascent renewables market needed protection — but no longer. Even in emerging markets, it is time to introduce competition. Those who have done so have achieved dramatic results. Renewables are now cost-competitive with fossil fuels in many parts of the world, even taking into account the subsidies that continue to prop up power generation from fossil fuels”

Click here to read more from Financial Times.

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