Table of Contents
The Observation
2020 has been a year of pandemics and politics..!!
- But finally some good new out of 2020..!!
- The world has overlooked an undeniable silver lining: the arrival of the green future.
- Lets hope that the 2020s will be the decade in which the planet finally closes the chapter on destruction and pollution by fossil fuels and enters a new realm of clean energy.
2020 – The year of Green wave
- In 2020, the world spent half a trillion dollars on renewable power, electric vehicles, and other clean technologies.
- This was highest funding for clean energy in one single year especially on electric vehicles.
2020 – The year of Green wave
- The average cost of lithium-ion battery packs, critical to electric vehicles, plunged from more than $1,100 per kilowatt-hour a decade ago to below $140 in 2020.
- Some factories in China dropped their prices below $100.
- Although lithium-ion battery prices are not on a Moore’s Law curve of decline, they are dropping at an inflation-adjusted rate of roughly 13 percent per year—halving over four years.
2020 – The year of Green wave
The Possible Green Future
- The cost of renewable energy price is declining steadily.
- Once they become competitive & cheap enough then it will transmit over wires to our homes, businesses etc.
- Once this happens, power-intensive industries will be disrupted.
- As electricity prices fall, industries will make a switch to electrical furnaces, the cost of the required equipment and industrial plants should fall, and production will become environmentally far cleaner.
Latest Burning Issues | Free PDF
WhatsApp