This is the most important chart in global energy

From World Economic Forum Agenda.

The beautiful math of solar power: Every time the world’s solar power doubles, the cost of panels falls 26%

If there is one graphic that neatly sums up the long-term sustainability of renewable energy, then this could be it, according to a new Bloomberg Report.
It shows the maths of the rapidly declining costs of solar energy. Falling costs are driving increases in global production of solar energy, reducing our reliance on fossil fuels and are a key part of the battle against climate change. This chart is a powerful reminder of the progress we are making.
“It describes a pattern so consistent, and so powerful, that industries set their clocks by it,” explains Bloomberg in a news article accompanying the report.


Povl Tiedemann
July 2016


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