Solar & EVs Surge, China Drives Cost Down

Global solar power installations surged to 553 gigawatts, enough to power 100 million American homes, fifteen times the IEAs 2015 prediction. Electric vehicles also saw a dramatic rise, with 20% of new cars sold globally being electric. These trends have improved the global temperature projection to a 2.6°C increase by 2100, down from the previously predicted 4°C. Chinas massive clean energy production has significantly driven down global costs, making renewable energy the most affordable option in many markets. However, a potential second Trump presidency could set back these climate goals with policies focused on maximizing oil and gas production and rolling back environmental regulations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.