Renewables have changed the economics of the power industry
Wind and solar approach critical deployment level
As technologies approach milestone, they could scale even faster
Wind and solar are approaching a 10pc share of global electricity production and will likely reach the milestone at some point this year. The technologies reached a 9.4pc share last year, up from 4.65pc in 2015, according to data from UK based thinktank Ember. The 10pc milestone matters because, in the history of new technology adoption, the 5-10pc market share level is a reliable takeoff point for further market integration. 10pc – Share of US households with a car in 1915 It is traditionally difficult for any new product to dislodge incumbents and gain 1-3pc share in any market. But attaining market share levels above 5pc often indicate further gains, because it indicates the prod
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
