Green Energy Can Increasingly Match Or Beat Fossil Fuel Prices: Report

"Businesses might not find bargains by turning to fossil fuels in 2017, according to a new report.

Solar and wind power costs have dropped, bearing price tags that are the same as or cheaper than fossil fuels in more than 30 nations as of the end of this year, according to a World Economic Forum (WEF) report published last week. As the cost of generating energy from these renewable, clean sources has become competitive with coal and natural gas production, green energy advocates hope business and investors across the globe could shift their attitude toward environmentally-friendly initiatives, with more focusing their attention and dollars away from fossil fuel production.

'Renewable energy has reached a tipping point – it now constitutes the best chance to reverse global warming,' Michael Drexler, who leads infrastructure and development investing at the WEF, a Swiss nonprofit foundation, said in a statement. 'It is not only a commercially viable option, but an outright compelling investment opportunity with long-term, stable, inflation-protected returns.'"

Amanda Hoover reports for the Christian Science Monitor December 26, 2016.