Real Economic Competition Is Coming to the Clean Energy Space
The first box is being checked, leading to increasing adoption. The second appears poised to get its own check mark, and that could be significant for patient investors.
“Prices for wind and solar have collapsed in the past three years, meaning that by the end of the decade, 90% will be economically competitive with fossil fuels, according to a report by U.K.-based think tank Carbontracker,” reports Leslie Norton for Barron’s. “Already, some 60% of global solar resources and 15% of wind are competitive. By 2030, that will be all of solar and more than half of wind, the report says.”
26 April 2021
One of the oft-sung laments about wind and solar is that they are not, will not and can not replace fossil fuel generation at the speed needed to meet the world’s climate targets, or even match the speed of the transitions to coal, nuclear or gas that have preceded them.
We are still at the beginnings of the wind and solar transition but it’s already clear that those claims are not true. The roll-out of of wind and solar in their first 20 years of deployment has, in fact, easily exceeded that of any technology that preceded them.
How Renewables Could Kill Off Fossil Fuel Electricity By 2035: New Report forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
The tumbling costs of wind and solar can unlock demand that could power the world 100 times over, with a new report from think tank Carbon Tracker finding that renewables are set to push fossil fuels out of the electricity mix by the mid-2030s.
23 April 2021
CarbonTracker’s Kingsmill Bond on his new report showing why wind and solar are already driving the most rapid energy transition the world has seen. Plus: Biden’s stunning climate pledge, Morrison digs in, and the AGL break-up.
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