How solar energy got so cheap
Cheap solar is a policy success story.
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Since 2009, the price of solar energy has come down by 90 percent. That’s no accident. It’s the result of policy interventions from the US to Germany to China.
As policy analyst Gregory Nemet puts it, “No one country is responsible. It was a relay race rather than a competition.” The global flow of knowledge, people, technology, and policy helped bring down the price per watt from more than $100 in 1976 to less than $0.50 today, according to this analysis from the folks at Our World in Data. https://ourworldindata.org/cheap-rene...
If we can learn the right lessons from solar’s success, it could help us develop and deploy the technology we need to keep our planet habitable and avoid the worst impacts of climate change.
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Subscribe and turn on notifications 🔔 so you don't miss any videos: http://goo.gl/0bsAjO
Since 2009, the price of solar energy has come down by 90 percent. That’s no accident. It’s the result of policy interventions from the US to Germany to China.
As policy analyst Gregory Nemet puts it, “No one country is responsible. It was a relay race rather than a competition.” The global flow of knowledge, people, technology, and policy helped bring down the price per watt from more than $100 in 1976 to less than $0.50 today, according to this analysis from the folks at Our World in Data. https://ourworldindata.org/cheap-rene...
If we can learn the right lessons from solar’s success, it could help us develop and deploy the technology we need to keep our planet habitable and avoid the worst impacts of climate change.
Make sure you never miss behind-the-scenes content in the Vox Video newsletter, sign up here: http://vox.com/video-newsletter
Vox is an explanatory newsroom on a mission to help everyone understand our weird, wonderful, complicated world, so that we can all help shape it. Part of that mission is keeping our work free.
You can help us do that by making a gift: http://www.vox.com/contribute-now
Watch our full video catalog: http://goo.gl/IZONyE
Follow Vox on TikTok: TikTok: voxdotcom
Check out our articles: https://www.vox.com/
Listen to our podcasts: https://www.vox.com/podcasts
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