Global energy markets are reaching a tipping point. A pathway has opened for climate progress, but only if governments, business and public’s recognize and exploit the opportunity.

For the first time, a large fraction of the world’s fossil fuels could be replaced at a lower cost by clean energy, with today’s renewable technologies and prices. And virtually no further investments in fossil fuels make long-term economic sense because higher fossil fuel prices over their useful life will be exorbitant.

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