Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system

Gang He, Jiang Lin (), Froylan Sifuentes, Xu Liu, Nikit Abhyankar and Amol Phadke ()
Additional contact information
Jiang Lin: Lawrence Berkeley National Laboratory
Froylan Sifuentes: Lawrence Berkeley National Laboratory
Xu Liu: Lawrence Berkeley National Laboratory
Nikit Abhyankar: Lawrence Berkeley National Laboratory
Amol Phadke: Lawrence Berkeley National Laboratory

Nature Communications, 2020, vol. 11, issue 1, 1-9

Abstract: Abstract The costs for solar photovoltaics, wind, and battery storage have dropped markedly since 2010, however, many recent studies and reports around the world have not adequately captured such dramatic decrease. Those costs are projected to decline further in the near future, bringing new prospects for the widespread penetration of renewables and extensive power-sector decarbonization that previous policy discussions did not fully consider. Here we show if cost trends for renewables continue, 62% of China’s electricity could come from non-fossil sources by 2030 at a cost that is 11% lower than achieved through a business-as-usual approach. Further, China’s power sector could cut half of its 2015 carbon emissions at a cost about 6% lower compared to business-as-usual conditions.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (50)

Downloads: (external link)
https://www.nature.com/articles/s41467-020-16184-x Abstract (text/html)

Related works:
Working Paper: Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nat:natcom:v:11:y:2020:i:1:d:10.1038_s41467-020-16184-x

Ordering information: This journal article can be ordered from
https://www.nature.com/ncomms/

DOI: 10.1038/s41467-020-16184-x

Access Statistics for this article

Nature Communications is currently edited by Nathalie Le Bot, Enda Bergin and Fiona Gillespie

More articles in Nature Communications from Nature
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().