Wind and solar will reach 50% of global generation by 2050

Analysts are now predicting that wind and solar power will reach 50 percent of all electricity generation by 2050.

Steep cost reductions coupled with cheap batteries will make the drive towards renewable energy unstoppable.

65 researchers from Bloomberg New Energy Finance (BNEF) pooled together data on the evolving cost of clean energy technologies across the world.

Their analysis shines a light on the vital role that falling costs in battery storage will have in the future. Lithium-ion batteries have already dropped in price by 80 percent since 2010, and this is anticipated to continue with the attending growth in electric vehicles.

Read the ClimateAction story -  “Wind and solar will reach 50% of global generation by 2050.”