Yesterday’s News 2026-07-16

curated news excerpts & citations
… trying to ‘unbury the lede’

money on fire

Bill McKibben:
Setting money on fire

(Also the planet)

… I will try to see clearly enough to discern some of the latest numbers in the climate and energy battle—numbers which prove to me the economic folly of staying on our current course.

… There is at this point no doubt that the world would operate more cheaply on clean energy, which is a lucky thing, and one that needs to be hammered home till the conventional wisdom (that sun and wind and batteries are a luxury) is finally routed.

The most basic point, of course, and yet one often lost in the debate is that once you’ve installed renewable energy you no longer have to pay for fuel. …

In 2025, renewables helped to avoid an estimated USD 480 billion in fossil fuel costs and around 8.4 gigatonnes of carbon dioxide emissions.

If we round the number of our fellow humans off to about 8 billion, that’s $60 for every man, woman and child on the face of the planet, even though we’re still fairly early on the adoption curve for clean power. The numbers are stark:

Since 2010, the cost of solar PV has fallen by 89%, onshore wind by 71%, and offshore wind by 63%. This highlights how renewables are now the cheapest source of new electricity in most markets. In 2025, more than 90% of newly commissioned, utility-scale capacity delivered power at a lower cost than the cheapest, newly-installed fossil-fuel-based alternative.

Just to reiterate: instead of speeding the conversion to clean cheap energy, which would save households huge amounts of money, we’re instead shoveling taxpayer cash to the fossil fuel industry, and in the process overheating the earth, which will be the most expensive thing that ever happened, by orders of magnitude. …

(Bill McKibben   more…)


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