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2w ago

UN Chief Declares Renewable Energy Cost Tipping Point and Urges 100% Green Power for Data Centers

He highlighted solar and wind costs plunging over 40% below fossil fuels before issuing a September deadline for nations to revise their Paris climate plans.

Sheep graze under solar panels in Hainan prefecture of western China's Qinghai province on Tuesday, July 1, 2025. (AP Photo/Ng Han Guan)
FILE - Employees carry solar panels at the Adani New Industries Limited in the port town of Mundra in Western India's Gujarat state, India, Sept. 20, 2023. (AP Photo/Rafiq Maqbool, File)
FILE - Workers install panels at a solar project May 21, 2025, in Galena, Alaska. (AP Photo/John Locher, File)
Wind and solar farm, Germany. Credit: Jochen Tack / Alamy Stock Photo

Overview

  • Renewables accounted for 92.5% of new power capacity added worldwide in 2024.
  • Global investment in green energy reached $2 trillion last year, exceeding fossil fuel funding by about $800 billion.
  • Guterres urged major tech firms to power all new data centers with 100% renewable energy by 2030.
  • He asked governments to submit updated climate plans by September to align national targets with the renewables surge.
  • Fossil fuel subsidies totaled $620 billion in 2023 compared with $70 billion for renewables, underscoring policy disparities.