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2035 REPORT: Plummeting Solar, Wind, and Battery Costs Can Accelerate our Clean Electricity Future

2035 REPORT: Plummeting Solar, Wind, and Battery Costs Can Accelerate our Clean Electricity Future

Full Title: 2035 REPORT: Plummeting Solar, Wind, and Battery Costs Can Accelerate our Clean Electricity Future
Author(s): Amol Phadke, Umed Paliwal, Nikit Abhyankar, Taylor McNair, Ben Paulos, David Wooley, Ric O’Connell
Publisher(s): Goldman School of Public Policy, University of California Berkeley
Publication Date: June 9, 2020
Full Text: Download Resource
Description (excerpt):

Global carbon emissions must be halved by 2030 to limit warming to 1.5°C and avoid catastrophic climate impacts. Most existing studies, however, examine 2050 as the year that deep decarbonization of electric power systems can be achieved—a timeline that would also hinder decarbonization of the buildings, industrial, and transportation sectors.

In light of recent trends, these studies present overly conservative estimates of decarbonization potential. Plummeting costs for wind and solar energy have dramatically changed the prospects for rapid, cost-effective expansion of renewable energy. At the same time, battery energy storage has become a viable option for costeffectively integrating high levels of wind and solar generation into electricity grids.

This report uses the latest renewable energy and battery cost data to demonstrate the technical and economic feasibility of achieving
90% clean (carbon-free) electricity in the United States by 2035.

Two central cases are simulated using state-of-the-art capacityexpansion and production-cost models: The No New Policy case assumes continuation of current state and federal policies; and the 90% Clean case requires that a 90% clean electricity share is reached by 2035.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of OurEnergyPolicy.org, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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