Outdated perceptions of the costs of clean energy remain a major barrier to the energy transition. Despite the dramatic fall in prices across these technologies, the dialogue surrounding “cheap” fossil fuels and “expensive” renewable energy endures, and must be changed.

Australian residential solar photovoltaic (PV) systems now have some of the lowest costs in the world, encouraging households to invest in rooftop solar PV at a time of rising energy prices.

Europe has vast renewables potential which can supply the bulk of its energy needs in a fully decarbonised energy system.

The synergies between electrification of end-use sectors and accelerated renewables deployment are very strong. But during the conference it was stressed that smart approaches to electrification are crucial to harness the synergies. 

An overview of renewable energy costs based on the Renewable Power Generation Costs in 2021 report.