Project News Details
Title
Falling battery costs to push solar, wind to 50% electricity generation by 2050, but electricity still failing CO₂ reduction targets – BNEF
Detail
Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Non-Renewable Energy Solar Photovoltaic PV Energy Electricity Construction Energy-Power and Electrical Computer Hardwares and Consumables Petroleum Products
Published Date
18.06.2018
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