Nijsse, Femke J.M.M.;
Mercure, Jean-Francois;
Ameli, Nadia;
Larosa, Francesca;
Kothari, Sumit;
Pollitt, Hector;
Rickman, Jamie;
... Vercoulen, Pim; + view all
(2022)
A solar future inevitable? How to shape policies to capture the opportunities of cheap solar.
(Policy brief
).
Economics of Energy Innovation System Transition (EEIST): Exeter, UK.
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Abstract
Solar power has already grown much faster globally than most governments and analysts expected. This looks set to continue: our model suggests solar is on track to dominate the global power sector even with no additional deployment subsidies. Its deployment will increase faster than is typically assumed, and we project costs including storage to continue falling. New coal and gas plants are set to become uneconomic earlier than anticipated, potentially costing twice as much as solar power with energy storage by the end of this decade. Grid upgrades and policies to support the deployment of energy storage will be important to taking full advantage of this opportunity.
| Type: | Working / discussion paper |
|---|---|
| Title: | A solar future inevitable? How to shape policies to capture the opportunities of cheap solar |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://eeist.co.uk/policybriefs/ |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10171183 |
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