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.
I recently watched a video with an interesting point on fracking ……
Graphing wells by cost and longevity of production, new oil wells are not only more expensive but also don’t supply as much or last as long. Each time we pay more to get less and ends sooner.
Technology might continue to make additional mineral resources newly exploitable but the math is not on the side of it continuing to be feasible
Not only that but the economics of scale are kicking in for solar power and batteries. While oil and gas are more and more expensive, solar power and batteries are getting cheaper