The best minds in energy keep underestimating what solar and wind can do. Since 2000, the International Energy Agency has raised its long-term solar forecast 14 times and its wind forecast five times. Every time global wind power doubles, there’s a 19 percent drop in cost, according to BNEF, and every time solar power doubles, costs fall 24 percent.And while BNEF says the shift to renewable energy isn’t happening fast enough to avoid the catastrophic legacy of fossil-fuel dependence—climate change—it’s definitely happening.
Source: Wind and Solar Are Crushing Fossil Fuels – Bloomberg