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Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system
Open accessAbstract
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.
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Cited by
Challenges and opportunities for carbon neutrality in China
Liu, Z., Deng, Z., He, G., Wang, H., Zhang, X., Lin, J., Qi, Y., & Liang, X. (2021) · Nature Reviews Earth & Environment · doi:10.1038/s43017-021-00244-x · Cited by 1,748
Self-citationEmpirically grounded technology forecasts and the energy transition
Way, R., Ives, M. C., Mealy, P., & Farmer, J. D. (2022) · Joule · doi:10.1016/j.joule.2022.08.009 · Cited by 607
Hepburn, C., Qi, Y., Stern, N., Ward, B., Xie, C., & Zenghelis, D. (2021) · Environmental Science and Ecotechnology · doi:10.1016/j.ese.2021.100130 · Cited by 583
China’s Energy Transition Pathway in a Carbon Neutral Vision
Zhang, S., & Chen, W. (2022) · Engineering · doi:10.1016/j.eng.2021.09.004 · Cited by 280
Metadata
- Authors
- He, G., Lin, J., Sifuentes, F., Liu, X., Abhyankar, N., & Phadke, A.
- Venue
- Nature Communications
- Published
- 2020-05-19
- Volume
- 11
- Issue
- 1
- Pages
- 2486-2486
- ISSN
- 2041-1723 (ISSN-L)
- OpenAlex
- W3027765077
- Cited by
- 430
- References
- 0
- FWCI
- 16.63
- Type
- journal article
- Language
- en
- Open access
- gold
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- He, G., Lin, J., Sifuentes, F., Liu, X., Abhyankar, N., & Phadke, A. (2020). Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system. Nature Communications. https://doi.org/10.1038/s41467-020-16184-x
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