The latest research wanted to find out when a solar power tipping point would occur. Instead the researchers found it already has.
Electricity powers the world. It lights our homes, runs our factories, and soon will be the energy source of choice for our transportation needs. It can be generated by burning fossil fuels, by wind turbines, or. Using the energy of the sun to create electricity is completely logical. Sunlight is free, and the cost of solar power has dropped dramatically over the past two decades.
“Due to the reinforcing co-evolution of technology costs and deployment, our analysis establishes quantitative empirical evidence, from current and historical data trends, that. Once the combined cost of solar and storage crosses cost parity with all alternative technologies in several key markets, its widespread deployment and further costs declines globally could become irreversible.
“These projections and sensitivities give us some confidence to suggest that realistic energy model baselines should, from now on, include substantially larger shares of solar energy than what is commonly assumed, as they make coal and gas-dominated baseline scenarios largely unrealistic. The main scenario framework assessed in the IPCC reports, the socialeconomic pathways , include scenarios with increasing reliance on coal to the energy mix.
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