Chart: Renewables are on track to keep getting cheaper and cheaper
Chart: Renewables are on track to keep getting cheaper and cheaper A new report says that ongoing improvements in solar and wind tech will keep driving steep cost declines that make them even more competitive against fossil fuels. 1 September 2023 Alison F. Takemura Canary Media’s chart of the week translates crucial data about the clean energy transition into a visual format. Renewable energy already beats fossil fuels on cost globally — and according to analysts, the gap is only going to grow. By 2030 , technology improvements could slash today’s prices by a quarter for wind and by half for solar, according to the authors of a recent report from clean energy think tank RMI . (Canary Media is an independent affiliate of RMI .) These remarkable and ongoing cost declines have made clean energy so attractive that it now outcompetes fossil fuels for new investment: 62 percent of global energy...