Mainstream may be seen to have a vested interest in this but the numbers make a compelling case that the game has really changed. As well as being environmentally and ethically desirable, renewables have become the ultimate disrupter in the energy sector in an analogous way the iPhone did with mobile telephony.
According to financial advisors Lazard, the cost to build a utility-scale solar photovoltaic plant fell by about 80 percent from 2009 to 2014 while wind projects dropped by 60 percent. More recently, the International Renewable Energy Agency anticipates a further drop of 43 percent to 65 percent for solar costs by 2025. Adnan Amin, IRENA’s director general believes “these are game-changing numbers, and it’s becoming normal in more and more markets” More & more countries are fast-tracking the transition to renewable energy in order to assure the sustainability of their environment and economies. China’s pollution crisis is the most shocking example of the effects on human health and economic activity of the reliance on polluting fossil fuels, and this has in part driven the country’s decision to invest USD352bn into renewable energy by 2020 in a decisive shift from coal..