The report from the Committee on Climate Change arguing that investing in renewable energy would eventually save consumers a lot of money is spot on.
We are regularly told by conventional utility companies, many politicians and commentators that energies such as solar and wind are hopelessly expensive and reliant on enormous subsidy.
But this is simply wrong. Renewables have seen such dramatic price falls in the past few years that they are threatening to upset the world as we know it and usher in an almost unprecedented boom in the spread of cheap, clean, home-produced energy.
Solar will be the cheapest form of power in many countries within just a few years. In places such as California and Italy it has already reached so-called “grid parity”. Onshore wind, on a piece of land not constrained by years of planning delays, is already the cheapest form of energy on earth. These are not wild claims – those are figures from General Electric, Citibank and others.