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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Main Authors:	Gang He, Jiang Lin, Froylan Sifuentes, Xu Liu, Nikit Abhyankar, Amol Phadke
Format:	article
Language:	EN
Published:	Nature Portfolio 2020
Subjects:	Science Q
Online Access:	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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Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system

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