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Renewable energy becomes cost competitive
Nov 18: Projections show that nearly 60% of all new power generation capacity to 2040 comes from renewables and, by 2040, the majority of renewables-based generation is competitive without any subsidies.
8In a scenario compatible with 2 °C, significantly faster growth means that, in the four largest power markets (China, the United States, the European Union and India), variable renewables become the largest source of generation.
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