We’ve all paid a utility bill or purchased gasoline. Those numbers on our bills represent the direct cost of fossil fuels; money paid out of pocket for energy from coal, natural gas, and oil. But those expenses don’t reflect the total cost of fossil fuels to each of us individually, or collectively as a society.
Renewable energy will march forward this year, due to “remorseless reductions in the costs of solar and wind electricity and of lithium-ion batteries,” Angus McCrone, the chief editor of Bloomberg New Energy Finance (BNEF) wrote in a commentary.
As momentum builds for cities around the world to switch from fossil fuels to renewable sources, the number of households reported to be predominantly powered by clean energy has more than doubled since 2015.