Building and running new renewable energy is now cheaper than just running old coal and nuclear plants. The lowest price for solar power last year is the highestprice now. Battery prices were cut in half just since 2014. And who could have imagined — just a few years after Tesla put a defibrillator to the flat-lined electric vehicle market — that China would announce plans to join the rapidly expanding list of countries planning to phase out fossil fuel-burning cars in the next decade or two, a list that by year’s end included the UK, France, Norway, and India? It must always be repeated that the clean energy revolution can’t prevent catastrophic climate change without far more aggressive government policies to speed the transition off fossil fuels. And President Donald Trump can at least temporarily slow the revolution in the U.S. with his pro-polluter policies. But the revolution is now unstoppable at a global level. That means the super-cheap solution to climate change is at hand — and in 2017, these individual technologies started to team up, joining their powers like the Marvel superheroes in the Avengers movies. Solar remains the most amazing story. Solar panel prices plunged by a shocking 26 percent in the last year — despite having already dropped 80 percent in price in the previous 10 years and 99 percent since the late 1970s.
Renew Economy 15th Dec 2017 read more »