Research analysts at Morgan Stanley believe that renewable energy like solar and wind power are hurtling towards a level of ubiquity where not even politics can hinder them. Renewable energy is simply becoming the cheapest option, fast. Basic economics, the analysts say, suggest that the US will exceed its commitments in the Paris agreement regardless of whether or not president Donald Trump withdraws, as he’s stated he will.
“We project that by 2020, renewables will be the cheapest form of new-power generation across the globe,” with the exception of a few countries in Southeast Asia, the Morgan Stanley analysts said in a report published Thursday.
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