Solar and Wind Now Cheapest Energy, Al Gore Tells Davos

The future of energy isn't a political debate anymore, according to former Vice President Al Gore. It's simple economics pointing in one direction.

Speaking at Bloomberg House during the World Economic Forum in Davos, Gore made a striking declaration about solar and wind power. "We really don't have any choice about this," he said, explaining that renewables have become the cheapest forms of electricity available today.

The transition is already happening faster than many realize. "Renewable is taking over" in powering the ongoing electrification of economies worldwide, Gore told interviewer David Rubenstein.

His comments come as the clean energy sector faces renewed political challenges in the United States. Federal judges recently allowed offshore wind projects in New York, Rhode Island, and Virginia to resume construction after temporary halts, showing the momentum behind these developments.

Other industry leaders at Davos echoed the optimism about clean energy's economic advantages. Andrés Gluski, CEO of renewable power company AES Corporation, urged moving past political divisions on energy choices.

The International Energy Agency's Fatih Birol shared forecasts showing global electricity demand will grow three times faster than total energy demand. AI data centers, air conditioners, and electric cars are driving the surge, and renewables, natural gas, and nuclear power will fill the gap.

The numbers tell a compelling story about energy markets shifting beneath our feet. Oil prices have dropped 20% in the past year as renewable capacity expands, according to the IEA.

Why This Inspires

This isn't about wishful thinking or environmental activism winning policy battles. It's about fundamental economics making the choice for us. When the cheapest option also happens to be the cleanest, progress becomes inevitable rather than aspirational.

Investment dollars are following the math, with companies worldwide choosing renewables not because they're required to, but because it makes business sense.

The energy transformation that once seemed decades away is unfolding in real time, driven by markets rather than mandates.