The Role of Baseload Low-Carbon Electricity in Decarbonization
The last decade has seen tremendous progress in renewable energy. The cost of manufacturing solar panels and wind turbines has fallen precipitously. Thanks to ongoing policy support in the form of mandates and subsidies, world solar photovoltaic capacity reached 227 GW in 2015, up from just 40 GW in 2010. World wind capacity, meanwhile, has more than doubled since 2010, hitting 433 GW in 2015.