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The renewable energy miracle
8/9/21 00:22![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
kiaaPaul Krugman has been on kind of a tear lately, writing some very insightful columns on the related issues of climate change, pandemics, deforestation, energy subsidies and carbon tariffs. Topics on which the very future of the world depends. In this column, he notes that there has been, yes, a genuine economic miracle in the exponential fall in prices of renewable energy sources such as solar power and wind power, and then explores the reasons why that miracle has taken place:
Who Created the Renewable-Energy Miracle?
Over the past dozen years or so, however, we’ve experienced a technological miracle. As nicely documented in an article by Max Roser, the costs of solar and wind power, once dismissed as foolish hippie fantasies, have plunged to the point that quite modest incentives could lead to a rapid reduction in use of fossil fuels:
Why did renewables become so cheap so fast?
Much more at the link.
Who Created the Renewable-Energy Miracle?
Over the past dozen years or so, however, we’ve experienced a technological miracle. As nicely documented in an article by Max Roser, the costs of solar and wind power, once dismissed as foolish hippie fantasies, have plunged to the point that quite modest incentives could lead to a rapid reduction in use of fossil fuels:
Why did renewables become so cheap so fast?
Much more at the link.
