Yet ratepayers have not been able to benefit from these significantly lower costs of clean energy

Tom Greatrex, CEO of the UK Nuclear Industry Association, said in a statement that, to reach net-zero emissions by 2050, and power a boom in electric vehicles and heating, the UK needed to quadruple its production of clean power.

Academics and concerned citizens often ask "how long" will it take for the global economy to transition to zero carbon energy systems in the transportation, electric generation and heavy industry sectors.

Nuclear power provides about 10% of the world’s electricity and contributes one third of all low-carbon electricity.

Energy ministers from across Central Asia committed their countries to collaborating on meeting the United Nations' seventh Sustainable Development Goal (SDG), which pledges 'affordable and clean energy' by 2030. The meeting is the first time they have come together to discuss the region's common energy challenges.

The Mohammed bin Rashid Al Maktoum Solar Park is the world’s largest single-site project to generate renewable energy. It will have a capacity of 5,000 megawatts (MW) by 2030 with investments of AED 50 billion. It is based on the independent power producer (IPP) model. This model contributed to world record prices for solar energy projects. According to a study published by Japan's Nikkei Asian Review, the UAE's interest in renewable energy production has contributed to its global cost reduction. Through its projects, the solar park will accelerate the shift towards adopting and using solar energy.

Investment in new renewable energy is on course to total $2.6 trillion in the years from 2010 through the end of 2019, according to a study by BloombergNEF for the United Nations Environment Program and Frankfurt School’s UNEP Center published Thursday.

Operators of Belarus, Ukrainian, Hungarian and Slovakian sections of troubled Druzhba network have agreed on technical measures to clean contaminated oil from part of the system and expect normal quality oil from Russia to start entering Belarus and Urkaine in the coming days, Ukrainian pipeline operator Ukrtransnafta said Tuesday.

IEA - Dr Fatih Birol, the International Energy Agency’s Executive Director, met Monday with Peter Altmaier, Germany’s Minister of Economy and Energy. The bilateral meeting focused on the IEA’s role in the global clean energy transition thanks to its expertise across all fuels and energy technologies, as well as energy efficiency.

BLOOMBERG - Mexico, Chile and Peru offer strong potential for growth in renewable energy, and governments in the region are courting international investors to help diversify the electricity mix.