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Solar Energy to Cost Less Than Coal by 2021

Solar Energy to Cost Less Than Coal by 2021
Despite President Donald Trump’s decision to pull out of the Paris Agreement on climate change
and his stated commitment to bringing back the U. S. coal industry, BNEF expects the world’s hunger for coal to subside in less than 20 years as governments work together to reduce emissions.
Wind and solar are expected to make up nearly half of the world’s total installed generation capacity by 2040, compared to just 12% now.
Total coal-powered generation in the United States is estimated to be slashed in half by 2040, compared
to an 87% drop in Europe, where environmental laws have increased the price of using fossil fuels.
The study concluded that in the U. S. and Germany, solar already rivals the cost of new coal power plants,
and is expected to do the same in high-growth markets such as China and India by 2021.
The cost of electricity from solar energy, or photovoltaic panels has fallen nearly 25% since 2009, and is expected to to decline another 66% by 2040.
A recent survey by Bloomberg New Energy Finance expects solar energy to outrun coal
and natural gas with lower costs much sooner than previously forecasted.
If the projections turn out correct, total global carbon dioxide pollution from fossil fuels may actually begin to decline after 2026.

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Posted: 21 June 2017

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PDF [Download] Solar Revolution: The Economic Transformation of the Global Energy Industry (MIT

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Posted: 17 June 2017

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Posted: 15 June 2017

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Posted: 17 June 2017

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Posted: 15 June 2017

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