The summary findings are bleak. Countries collectively failed to stop the growth in global GHG emissions, meaning that deeper and faster cuts are now required. However, behind the grim headlines, a more differentiated message emerges
from the ten-year summary.
A number of encouraging developments have taken place and the political focus on the climate crisis is growing in several countries, with voters and protestors, particularly youth, making it clear that it is their number one issue. In addition, the technologies for rapid and cost-effective emission reductions have improved significantly.
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| Since 2010, the global weighted average levelized costs of electricity (LCOE) from solar photovoltaic, onshore and offshore wind projects, bioenergy and geothermal, have all reduced and are approaching the lower range of fossil-fuel-fired power generation costs. |
