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

The decrease in costs of renewable energy and storage has not been well accounted for in energy modelling, which however will have a large effect on energy system investment and policies. Here the authors incorporated recent decrease in costs of renewable energy and storages to refine the pathways t...

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Autores principales: Gang He, Jiang Lin, Froylan Sifuentes, Xu Liu, Nikit Abhyankar, Amol Phadke
Formato: article
Lenguaje:EN
Publicado: Nature Portfolio 2020
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Acceso en línea:https://doaj.org/article/5a0731d385c4488bb053fa8d1fcb34f5
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spelling oai:doaj.org-article:5a0731d385c4488bb053fa8d1fcb34f52021-12-02T15:45:18ZRapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system10.1038/s41467-020-16184-x2041-1723https://doaj.org/article/5a0731d385c4488bb053fa8d1fcb34f52020-05-01T00:00:00Zhttps://doi.org/10.1038/s41467-020-16184-xhttps://doaj.org/toc/2041-1723The decrease in costs of renewable energy and storage has not been well accounted for in energy modelling, which however will have a large effect on energy system investment and policies. Here the authors incorporated recent decrease in costs of renewable energy and storages to refine the pathways to decarbonize China’s power system by 2030 and show that if such cost trends for renewables continue, more than 60% of China’s electricity could come from non-fossil sources by 2030 at a cost that is about 10% lower than achieved through a business-as-usual approach.Gang HeJiang LinFroylan SifuentesXu LiuNikit AbhyankarAmol PhadkeNature PortfolioarticleScienceQENNature Communications, Vol 11, Iss 1, Pp 1-9 (2020)
institution DOAJ
collection DOAJ
language EN
topic Science
Q
spellingShingle Science
Q
Gang He
Jiang Lin
Froylan Sifuentes
Xu Liu
Nikit Abhyankar
Amol Phadke
Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system
description The decrease in costs of renewable energy and storage has not been well accounted for in energy modelling, which however will have a large effect on energy system investment and policies. Here the authors incorporated recent decrease in costs of renewable energy and storages to refine the pathways to decarbonize China’s power system by 2030 and show that if such cost trends for renewables continue, more than 60% of China’s electricity could come from non-fossil sources by 2030 at a cost that is about 10% lower than achieved through a business-as-usual approach.
format article
author Gang He
Jiang Lin
Froylan Sifuentes
Xu Liu
Nikit Abhyankar
Amol Phadke
author_facet Gang He
Jiang Lin
Froylan Sifuentes
Xu Liu
Nikit Abhyankar
Amol Phadke
author_sort Gang He
title Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system
title_short Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system
title_full Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system
title_fullStr Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system
title_full_unstemmed Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system
title_sort rapid cost decrease of renewables and storage accelerates the decarbonization of china’s power system
publisher Nature Portfolio
publishDate 2020
url https://doaj.org/article/5a0731d385c4488bb053fa8d1fcb34f5
work_keys_str_mv AT ganghe rapidcostdecreaseofrenewablesandstorageacceleratesthedecarbonizationofchinaspowersystem
AT jianglin rapidcostdecreaseofrenewablesandstorageacceleratesthedecarbonizationofchinaspowersystem
AT froylansifuentes rapidcostdecreaseofrenewablesandstorageacceleratesthedecarbonizationofchinaspowersystem
AT xuliu rapidcostdecreaseofrenewablesandstorageacceleratesthedecarbonizationofchinaspowersystem
AT nikitabhyankar rapidcostdecreaseofrenewablesandstorageacceleratesthedecarbonizationofchinaspowersystem
AT amolphadke rapidcostdecreaseofrenewablesandstorageacceleratesthedecarbonizationofchinaspowersystem
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