Renewable Energy Could Basically Be Free by 2030, According to New Analysis


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According to (This article and its images were originally posted on Inverse August 13, 2018 at 01:10PM.)

A research analyst at Swiss investment bank UBS believes the cost of energy renewables could be so near to zero by 2030 “it will effectively be free,” according to a projections published on Monday. If renewables could soon be cheaper than all the alternative energy sources, and that this “is great news for the planet, and probably also for the economy.”

The analysis, published in the Financial Times, explains that solar and wind farms are getting bigger, and that the potential of this sort of cheap, green energy is far-reaching and will only get cheaper. “In 2010, using solar power to boil your kettle would have cost you about £0.03,” the analyst writes in FT. “By 2020, according to estimates by our research team at UBS, the cost will have fallen to half a penny.” And just ten years later, the costs will be so minuscule, it will practically be free.

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This article and images were originally posted on [Inverse] August 13, 2018 at 01:10PM. Credit to Author Josie Rhodes Cook and Inverse | ESIST.T>G>S Recommended Articles Of The Day.

 

 

 

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