Chart: Renewables are on track to keep getting cheaper and cheaper

Wed, 25 Oct 2023 14:15:29 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.canarymedia.com/articles/clean-energy/charts-renewables-are-on-track-to-keep-getting-cheaper-and-cheaper>

"Renewable energy already beats fossil fuels on cost globally — and according
to analysts, the gap is only going to grow.

By 2030, technology improvements could slash today’s prices by a quarter for
wind and by half for solar, according to the authors of a recent report from
clean energy think tank RMI. (Canary Media is an independent affiliate of RMI.)

These remarkable and ongoing cost declines have made clean energy so attractive
that it now outcompetes fossil fuels for new investment: 62 percent of global
energy investment is expected to flow to clean energy technologies this year.

That cash is helping push renewables to new heights. According to estimates
from the International Energy Agency, global clean energy capacity is expected
to jump a jaw-dropping 107 gigawatts to more than 440 gigawatts this year — its
largest increase ever.

What we’re living in ​“is an energy technology revolution,” said report
co-author Kingsmill Bond, an energy strategist at RMI. It’s obvious from the
data, yet the point is often lost in ​“a consistent drumbeat of
counternarratives” about how difficult it is, and will be, to leave fossil
fuels behind, he added.

“U.S. fossil-fuel demand peaked 15 years ago,” Bond said. ​“This is happening;
people have just missed it.”"

Via Future Crunch:
<https://futurecrunch.com/good-news-abortion-mexico-vaccine-indonesia-conservation-alaska/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

Comment via email

Home E-Mail Sponsors Index Search About Us