Falling Costs for Clean Energy Technologies
The Art
The Graph
What’s Inspiring
In 2015 the US Dept of Energy updated its "Revolution Now" report which highlights "four transformational technologies: land-based wind power, silicon photovoltaic (PV) solar modules, light-emitting diodes (LEDS) and electric vehicles (EVs)." The report shows how "dramatic reductions in cost are driving a surge in consumer, industrial and commercial adoption for these clean energy technologies..."
In Nov. 2018 The International Energy Administration reported that the average cost of solar power declined 65% over the previous 5 years, and the costs of onshore wind power declined by 15%. It projects renewable energy will represent 40% of the world’s electricity by 2040.
