The rise of renewable energy is driven by dramatically falling renewable energy costs across the technology spectrum.

Since 2009, solar PV module costs have fallen by more than 80%. The power generated by solar PV declined by 73 per cent between 2010 and 2017.

Onshore wind costs have also fallen sharply. The global weighted average cost of electricity from onshore wind fell by 22% between 2010 and 2017, making it one of the most competitive sources of electricity available today.

The cost declines do not end there. By 2020, the average cost of power generation from all commercially available renewable energy technologies will be competitive with fossil fuels.