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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

Green Car Congress

2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA. Click to enlarge.

Cost Of 150
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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 billion) and South Africa ($5.5 Wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1% billion), India ($7.4

2014 150
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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

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The largest percentage increases we recommend compared to 2009 funding levels are for energy storage, buildings, bioenergy, and solar photovoltaics. The ETIP project is part of the Science, Technology, and Public Policy Program and Environment and Natural Resources Program at the Kennedy School.

Energy 231
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We Need More Than Just Electric Vehicles

Cars That Think

And it produces almost all its electricity from hydro and solar. Just two countries—Chile and Australia—account for over two-thirds of global lithium reserves, and South Africa, Brazil, Ukraine, and Australia have almost all the manganese reserves. Norway has the highest per capita number of EVs, which represented.