According to the findings of climate analytics firm TransitionZero, it is now cheaper to switch from coal to clean energy, compared to switching from coal to gas.

That’s thanks to the falling cost of renewables and battery storage, coupled with the rising volatility of gas prices.

Investing in renewables provides a hedge against climate change risks, said Jacqueline Tao, an analyst at TransitionZero.

Costs for switching from coal to renewables has plunged: TransitionZero