Renewable energy sources (RES) allowed the global economy to save about $500 billion in 2025 and another $265 billion in the first six months of 2026. This is what the Executive Secretary of the United Nations Framework Convention on Climate Change, Simon Steel, said at the opening of the COP31 climate conference in Antalya.
Steele, citing data from the International Renewable Energy Agency (IRENA), noted that 90% of large renewable energy projects are now more cost-effective than fossil fuel alternatives.
Unstable fossil fuel prices this year have caused a global upheaval, severely affecting household budgets and causing uncontrollable inflation, he said. The socio-economic and political consequences of this crisis have been extremely serious, and the practical implementation of climate solutions will allow their benefits to spread more quickly to more people in different parts of the world, added Steele.
Energopole in Max.
"Energy Policy" website.