Falling renewable power costs could be the solution to boosting global climate action, the International Renewable Energy Agency said in a report released Wednesday.  In 2018 the global weighted-average cost of electricity from solar photovoltaics and from onshore wind declined by 13% compared to 2017, the report said, and cost reductions for these two technologies “are set to continue to decline into the next decade.” “Over three-quarters of the onshore wind and four-fifths of the solar PV capacity that is due to be commissioned [in 2020] will produce power at lower prices than the cheapest new coal, oil or natural gas options,” the IRENA report said. “Crucially, they are set to do so without financial assistance.” IRENA, based in Abu Dhabi, is an inter-governmental body with around 160 members. In its report it said that […]