Renewable energy is not just better for the environment, it’s also becoming cheaper than coal for electricity generation in many parts of the world, according to a new report. Over 60% of current coal-fired power plants are producing electricity at a higher cost than new wind or solar installations would, according to findings of the Carbon Tracker Initiative , a self-described “not-for-profit financial think tank” focused on needling capital markets to adopt more climate-friendly policies. More renewable energy generating capacity would also help further lower the overall carbon emissions of electric cars charged from the grid. By 2030, it will be cheaper to build new wind or solar generating capacity than to continue operating coal power plants in all markets, according to the report. In the European Union, 96% of existing coal generating capacity already costs more than it would to build new wind or solar installations, the report […]