The global energy crisis is accelerating a shift to renewable sources and hastening the end of the dominance of fossil fuels, according to India’s Power and Renewable Energy Minister Raj Kumar Singh.
Renewables paired with energy storage are now cheaper than coal after the fuel’s price surged in recent months, while fossil sources are also experiencing a lack of investment in new production, Singh said Wednesday in a speech at the Sydney Energy Forum.
“This will actually hasten the energy transition,” Singh said. “Once you have round-the-clock renew