The cost of clean energy technologies worldwide, such as wind, solar and battery storage, are expected to fall further this year, a report by BloombergNEF showed on Thursday, despite rising protectionism in the form of tariffs on green energy imports. New wind and solar farms already undercut the production costs of new coal and gas plants in nearly every market worldwide. Cheaper renewable energy enables countries to move away from fossil fuels in the fight against climate change. China’s clean technology manufacturing overcapacity drove cost declines last year and countries such as the U.S. and European nations have slapped tariffs on Chinese imports such as solar components and electric vehicles to protect domestic manufacturing. On average, the China can produce a megawatt-hour of electricity from major power-generating technologies 11-64% cheaper than other markets, the report said.

Full report : Clean energy costs to continue to fall this year.