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21.11 - 12:49
World leaders announce plan to make green tech cheaper than alternatives
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A plan to coordinate the global introduction of clean technologies in order to rapidly drive down their cost has been agreed at the Cop26 summit by world leaders representing two-thirds of the world’s economy.
A global transition to green energy and vehicles is vital in tackling the climate crisis, and economies of scale mean that costs plummet as production increases – as already seen with solar panels and LED lightbulbs.
More than 40 nations said they would align standards and coordinate investments to speed up production and bring forward the “tipping point” at which green technologies are more affordable and accessible than fossil-fuelled alternatives. At that point, the green transition and cuts in climate emissions accelerate rapidly
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