Energy
Energy Transition
Definition
The global shift from fossil fuels (coal, oil, gas) to renewable energy sources (solar, wind, hydro, nuclear) to address climate change and energy security.
Explanation
Solar PV costs fell 90%+ between 2010-2024. Global renewable capacity additions now exceed fossil fuel additions. China installs more renewables than the rest of the world combined. Key challenges: intermittency, grid infrastructure, energy storage, and ensuring a "just transition" for fossil fuel workers and communities.