Renewables cheaper than fossil fuel plants by 2030

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

January 15, 2021 Max Hall

More grim news on the world's global heating prospects.

Image: qimono/Pixabay

From pv magazine International

Solar and wind power will dominate the global energy market at the end of the decade as they become cheaper to install than the operational costs of fossil fuel facilities, according to a report published today by U.S.-based management consultancy McKinsey & Company.

The 2021 Global Energy Perspective study predicts solar and wind power plants will make up almost half the world’s power generation capacity by 2035 and cites the cost competitiveness of renewables-powered green hydrogen by 2030 as another game changer for the energy transition.

With global coal-fired power demand having already peaked, according to the report, the high point for oil will be hit in 2029 and for gas, in 2037, McKinsey has predicted. That would add up to the world’s thirst for all fossil fuels combined peaking in 2027.

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Economics is just one of the many “inputs” into a future without Pollution that kills ~9 Million/yr and causes 275DALY of Suffering around the Globe…. are we implying that if Renewable Energy was more expensive than Pollution based Fossil and Nuclear Energy…. we would go back to our “dirty ways”…. ??? …. again…???
Mankind has gone down that path before….

Let us not muddy the waters by bringing the “Cheapest Energy at ANY COST” argument back to the Table…. again… and repeat our mistakes from the past…

If a REAL NEWSMAKER EXISTS… it is how QUICKLY CAN WE ELIMINATE POLLUTION so these KILLING FIELDS OF POLLUTING FACILITIES can be STOPPED…. ASAP…

If by some “magic” ALL POLLUTING FACILITIES AROUND THE GLOBE WOULD BE ELIMINATED TODAY… and NOT 2050…. would the Benefit to Mankind not be to eliminate / avoid …. 270Million PreMature Deaths and Billions of DALY of Suffering …
Hence…. mankind must “do it’s best” and not keep wavering in favor of “lower costs”… Asset Protection over Human Luves and Suffering….

How many wars have been fought on “saving money ” alone….???

Just as a reminder…. during the Ten years of World War-I & II…. 100 Million (Military and Civilians) Perished…. or 10 Million/yr …. while Pollution has been “quietly killing” almost the same number with many more, 275Million DALY of, Suffering EVERY YEAR…. IF FIGHTING POLLUTION IS NOT WAR… then what is?
IS THE GLOBAL FIGHT AGAINST COVID, that has shutdown the world, NOT A WAR…. and that too with “barely” 2 Million Deaths and 100Million Affected (much less than 100Million DALY) during 2020.

The “news” that Solar Energy is/will be cheaper than other electricity, is “NO NEWS” it is as irrelevent as the discovery or confirmation today that the earth is round not flat, or that the Earth rotates around the Sun and not the other way around….

We maynot have that “magic wand”… but the longer we hesitate and timble, the more will Die and Suffer …. as Pollution continues its ” killing and inhimane ways”… millions and hundreds of millions more respectively due to our inability to “put our shoulders” to the yoke…. and do what has to be done as BEST AND SOON as we can….

1 comment

Ajay Goyal says:
January 21, 2021 at 9:25 pm
Economics is just one of the many “inputs” into a future without Pollution that kills ~9 Million/yr and causes 275DALY of Suffering around the Globe…. are we implying that if Renewable Energy was more expensive than Pollution based Fossil and Nuclear Energy…. we would go back to our “dirty ways”…. ??? …. again…???
Mankind has gone down that path before….
Let us not muddy the waters by bringing the “Cheapest Energy at ANY COST” argument back to the Table…. again… and repeat our mistakes from the past…
If a REAL NEWSMAKER EXISTS… it is how QUICKLY CAN WE ELIMINATE POLLUTION so these KILLING FIELDS OF POLLUTING FACILITIES can be STOPPED…. ASAP…
If by some “magic” ALL POLLUTING FACILITIES AROUND THE GLOBE WOULD BE ELIMINATED TODAY… and NOT 2050…. would the Benefit to Mankind not be to eliminate / avoid …. 270Million PreMature Deaths and Billions of DALY of Suffering …
Hence…. mankind must “do it’s best” and not keep wavering in favor of “lower costs”… Asset Protection over Human Luves and Suffering….
How many wars have been fought on “saving money ” alone….???
Just as a reminder…. during the Ten years of World War-I & II…. 100 Million (Military and Civilians) Perished…. or 10 Million/yr …. while Pollution has been “quietly killing” almost the same number with many more, 275Million DALY of, Suffering EVERY YEAR…. IF FIGHTING POLLUTION IS NOT WAR… then what is?
IS THE GLOBAL FIGHT AGAINST COVID, that has shutdown the world, NOT A WAR…. and that too with “barely” 2 Million Deaths and 100Million Affected (much less than 100Million DALY) during 2020.
The “news” that Solar Energy is/will be cheaper than other electricity, is “NO NEWS” it is as irrelevent as the discovery or confirmation today that the earth is round not flat, or that the Earth rotates around the Sun and not the other way around….
We maynot have that “magic wand”… but the longer we hesitate and timble, the more will Die and Suffer …. as Pollution continues its ” killing and inhimane ways”… millions and hundreds of millions more respectively due to our inability to “put our shoulders” to the yoke…. and do what has to be done as BEST AND SOON as we can….