The scale of Chinese production since 2010 has driven the price of these technologies down by 60 to 90 percent, the researchers found. And last year, more than 90 percent of wind and solar projects commissioned worldwide produced power more cheaply than the cheapest available fossil-fuel alternative, they said. That cost advantage might have seemed laughable before China began pumping billions of dollars of subsidies into the sector.
We’re
going to beso far behind.the thing is that what really drives manufacturing is mostly two things: a growing market and cheap supply of energy.
If energy was free, approximately every country on earth would dramatically increase the amount of goods it produces. And that’s what’s happening right now: As solar power becomes cheaper and cheaper, more and more companies will have an incentive to produce more goods, simply because the costs for resources (energy) are dropping. That, in turn, stimulates consumerism.