“falling photovoltaic (PV), wind, and battery costs will cause the dramatic shift in investment, Bloomberg New Energy Finance (BNEF) notes. “PV and wind are already cheaper than building new large-scale coal or gas plants,” the 2018 report says. In addition, BNEF expects that more than $500 billion will be invested in batteries by 2050, with two-thirds of that investment going to installations on the grid and one-third of that investment happening at a residential level.”
See Report: World trending to hit 50% renewables, 11% coal by 2050My little contributions may not be a huge percentage globally but they are here and now. TLW and I already live in a very efficient house with geothermal and passive solar heating. We drive an hybrid SUV gas-guzzler. Soon I will have a BEV (Battery Electric Vehicle) and local solar panels and battery for charging it. Our utility uses mainly hydroelectricity with some wind power. Others can wait to 2050 to see the end of fossil fuel but it’s happening here and now. I hope soon to see the day when the only fossil fuel I consume will be in the lawn-mower and roto-tiller. The yard is still too large for those to be run by battery-power unless they come with robots and self-contained charging systems. That could happen for the mower but I’m still concerned about kids running into one on the lawn.
BTW, Trump will also be gone along with coal by 2050. It’s all good.