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Clean Energy Should Get Cheaper and Grow Even Faster
J. Doyne Farmer is the director of the complexity economics program at the Institute for New Economic Thinking in Oxford's research and policy unit. And he reminds us that solar and wind energy "are very likely to get even less expensive and grow quickly," pointing out that "the rate at which a giv...
And he reminds us that solar and wind energy "are very likely to get even less expensive and grow quickly," pointing out that "the rate at which a given kind of technology improves is remarkably predictable." Lithium batteries have cheapened at a comparable pace, and the cost of wind turbines has dropped steadily too, albeit at a slower rate. And in addition, "The future savings more than offset present investments to the extent that the transition would make sense from a purely economic standpoint even if we weren't worried about climate change.
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