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prices

The cost of electric vehicle batteries

April 4, 2025 By EarthWise Leave a Comment

The battery pack in an electric car is the most expensive part of the car. Currently, it accounts for as much as 30% of the price.  But EV batteries last a long time.  Most are guaranteed for 8-10 years and are likely to last as long as 20 years.  In practice, only 1.5% of electric cars need battery replacements for one reason or another.

The economics of EV batteries has changed dramatically over time and will continue to do so.  EV battery capacity is measured in kWh, the units you are charged for your home electricity.  An EV with a 300-mile driving range will have a battery pack that holds something like 75 kWh.

In 2008, when electric cars were just starting to enter the market again after earlier false starts, lithium-ion battery packs cost $1,355 per kWh.  When the Tesla Model S was introduced in 2012, packs were about $800. By 2019, packs broke the $200 per kWh barrier. Last year, lithium-ion battery packs reached $115 per kWh.

A combination of technology improvements and strong market competition with growing supplies is driving prices ever lower.  Industry analysts expect battery prices to drop well below $100 this year and reach about $80 next year.

The result of all of this cost reduction is that EVs will be cheaper than equivalent internal combustion vehicles, which in fact is already the case in China. Apart from cost, batteries for cars continue to improve so that the driving range of EVs will continue to increase making the cars more attractive and very practical for nearly all drivers.

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How Much Do Electric Car Batteries Cost to Replace?

Photo, posted January 22, 2019, courtesy of Steve Rainwater via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Soaring coffee prices

February 20, 2025 By EarthWise Leave a Comment

Coffee prices are soaring again

Wholesale coffee prices hit record highs in the midst of the Trump administration’s deportation and tariff dispute with Colombia.  But coffee prices have already been trading near 50-year highs for a while as a result of shortages related to extreme weather and increased global demand.

In recent years, repeated droughts and flooding have put pressure on the global supply of coffee.  These climate swings have caused prices to soar, much as they have for other staples like cocoa, olive oil, and orange juice.  All the while, the global demand for coffee has kept rising.

Coffee is one of the world’s most consumed beverages, but it can be grown only under very specific conditions, namely in misty, humid, and tropical climates, and in rich soil free of disease.   The United States imports nearly all of its coffee – there is only a small amount grown in Hawaii.  Otherwise, the US is the world’s largest coffee importer.  With a limited number of sources for the beans, global coffee prices are very susceptible to the effects of extreme weather.

More than half of the world’s coffee production comes from arabica beans, and Brazil is the largest exporter.  A severe drought there this summer devastated the harvest that typically runs from May to September.   In Vietnam, a severe drought followed by heavy rains harmed the world’s largest source of robusta, the second most popular coffee variety.

People tend to think of coffee as a commodity and not so much as an agricultural product, subject to the vagaries of weather and having prices that fluctuate accordingly.  The bottom line is that drinking coffee is likely to become a bigger strain on one’s own bottom line.

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Why Coffee Prices Are Soaring (Again)

Photo, posted October 13, 2023, courtesy of Pete via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Climate change and the global food supply

January 8, 2025 By EarthWise Leave a Comment

One of the most troubling aspects of global climate change is its potential to severely disrupt the production, distribution, and quality of food. While food security is already challenged by many factors, including population growth, poverty, and changing eating habits, climate change intensifies these issues by altering weather patterns, causing more frequent droughts, floods, and extreme temperatures that damage crops and reduce yields. 

These shifts not only threaten agricultural productivity and increase food prices, but they also impact water resources, pests, and disease dynamics, further destabilizing food systems and exacerbating vulnerabilities, particularly in regions already facing food insecurity.

According to a new paper, which was co-authored by 21 scientists from 9 different countries, climate change will cause widespread food shortages, leading to famine, mass migration, and global instability, unless swift action is taken to develop climate-resilient crops.

Adding to the urgency is the fact that agriculture itself also contributes approximately 30% of global greenhouse gas emissions, creating a vicious feedback loop that threatens to further accelerate global climate change.

The research, which was recently published in the journal Trends in Plant Science, outlines five key recommendations to address this crisis: Study plants in real-world conditions, strengthen partnerships with farmers, streamline regulations for faster innovation, build public trust in new technologies, and create global research initiatives that unite scientists from developed and developing nations to share resources and expertise.

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Climate Change Threatens Global Food Supply: Scientists Call for Urgent Action

Photo, posted September 21, 2014, courtesy of Peter via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Olive oil and climate change

June 18, 2024 By EarthWise Leave a Comment

Climate change threatens the future of olive oil

Olive oil is a liquid fat obtained by mashing whole olives and extracting the oil.  A superfood staple of the Mediterranean diet, olive oil is used in kitchens around the world for frying, sauteing, baking, and as a condiment.  It can also be widely found in cosmetics, soaps, and pharmaceutical products. 

Globally, 2.6 million tons of olive oil were consumed last year.  Spain is currently the world’s largest producer of this “liquid gold,” accounting for 44% of global production.  The second largest producer of olive oil is Italy, followed by Greece, Tunisia, Turkey, and Morocco.   

But recently, the price of olive oil has been rocketing up.  Droughts, wildfires, floods, and heat waves, combined with pests, have punished olive-producing regions around the world.  The climate-fueled extreme weather has significantly impacted olive oil production in southern Europe.  Olive trees are exceedingly vulnerable to climate change. 

Spain, for example, typically produces somewhere between 1.3 to 1.5 million metric tons of olive oil each harvest.  However, officials expect a production range of only 830,000 to 850,000 metric tons this season. 

This shortage has sent prices soaring.  According to the International Monetary Fund, the average price of olive oil has doubled over the past two years.  In fact, the price is currently hovering at or around $10,000 per metric ton.  And there doesn’t seem to be much relief in sight.  

The record-breaking price has also unsurprisingly fueled a surge in crime, with criminals targeting supermarkets, oil mills, and olive groves. 

The changing climate continues to threaten food security around the world. 

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‘Liquid gold’: An olive oil shortage is fueling record prices and food insecurity fears

Extra virgin olive oil prices tipped to top £16 a litre next month

Photo, posted October 29, 2015, courtesy of the U.S. Department of Agriculture via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

The global chocolate supply is threatened

May 16, 2024 By EarthWise Leave a Comment

The global supply of chocolate is threatened

The world is facing the biggest deficit of cocoa in decades. Most cocoa beans are grown in West Africa, where climate change-induced drought has ravaged crops.  Harvests are forecasted to fall short for the third consecutive year. 

The harvest shortfall has triggered a steep rise in cocoa prices.  In fact, cocoa prices have more than doubled in the first four months of this year, and have more than tripled in the past 12 months.

But drought isn’t the only threat:  A rapidly spreading virus is also threatening the future of chocolate.   

Approximately half of the world’s chocolate originates from cacao trees in Ghana and the Ivory Coast.  The Cacao Swollen Shoot Virus Disease is spread by small insects called mealybugs, which eat the leaves, buds, and flowers of cacao trees.  The virus is attacking cacao trees in Ghana, resulting in harvest losses of 15-50%. 

Pesticides don’t work well against mealybugs.  Farmers can vaccinate trees to inoculate them from the virus.  But the vaccines are expensive, and the vaccinated trees produce a smaller harvest of cacao.

According to a new paper recently published in the journal PLOS ONE, an international team of researchers has developed a new strategy to combat these pests: using mathematical data to determine how far apart vaccinated trees need to be planted in order to stop mealybugs from hopping from tree to tree.  The researchers developed two models that allow farmers to create a defensive ring of vaccinated trees around unvaccinated trees

The research team hopes its models will help farmers protect their crops and achieve better harvests in the future. 

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Cacao sustainability: The case of cacao swollen-shoot virus co-infection

Will rising cocoa prices trigger a chocolate crisis?

Photo, posted April 1, 2019, courtesy of Konrad Lembcke via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

EV battery costs continue to drop

January 10, 2024 By EarthWise Leave a Comment

EV battery costs keep falling

Electric vehicles have historically been more expensive than their gas-powered counterparts primarily because of the cost of the batteries that power them.  Today’s EV battery packs range in size from about 40 kWh to as much as 200 kWh, where kWh measure the amount of energy stored in pack.

The batteries in EVs are lithium-ion batteries, the same technology used to power cell phones, tablets, and computers.  A decade ago, the batteries averaged $668 per kilowatt-hour and packs as large as those in some of today’s vehicles were simply unthinkable from a price standpoint. 

Over the years, government subsidies, increased competition, higher volume, improvements in battery technology, and reductions in the cost of raw materials such as lithium have combined to drive continuous and dramatic reductions in battery costs.  By March 2022, the average price for lithium-ion batteries was $146 per kWh.  This past August, battery costs broke the $100 per kilowatt-hour barrier.

Industry analysts have long maintained that once the $100 barrier has been reached, EVs could achieve price parity with their fossil-fuel counterparts.  Electric cars would no longer be more expensive to buy than equivalent gas cars.

Projections are that battery prices will continue to fall by something like 10% a year for the rest of this decade.  All else being equal, EVs should be cheaper to buy than gas cars.  Of course, they have already been cheaper to operate for a long time. 

None of this means that car prices will go down in general.  That will depend on trends in inflation and those are pretty hard to predict.

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EVs Set to Match Gas Guzzlers in Price as Battery Costs Plummet

Photo, posted May 9, 2018, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Wind And Solar Pass Coal | Earth Wise

August 3, 2023 By EarthWise Leave a Comment

For the first five months of this year, wind and solar generated more electricity than coal in the United States.  This is a first.  Total renewable energy generation exceeded coal-fired power in both 2020 and 2022, but that counted hydroelectric power as one of the renewable sources.

This year, wind and solar alone generated a total of 252 terawatt-hours of energy through May compared with coal’s output of 249 terawatt-hours.  Hydropower generated an additional 117 terawatt-hours during that period.

While solar and wind power have been expanding at a rapid rate, the biggest change this year has been a precipitous drop in coal-fired generation due to a combination of low natural gas prices, a mild winter, and a series of coal plant retirements.

Coal generated almost half of the country’s electricity as recently as 2008.  Since then, coal has steadily declined as older coal plants shut down and were replaced by natural gas plants and renewable energy sources.  The coal industry had a bit of a reprieve last year when natural gas prices spiked in response to the disruptions in gas supplies in Europe due to the war in Ukraine.  The benchmark for natural gas prices – known as Henry Hub – was $8.81 in August 2022.  In May of this year, it was $2.15.  Given this trend, the demand for coal has steadily declined. 

The US has retired another 7% of the coal fleet – 14 gigawatts of capacity – since the start of 2022.  Meanwhile, power companies have added 22.5 GW of wind and solar capacity in just the past 12 months.

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In a First, Wind and Solar Generated More Power Than Coal in U.S.

Photo, posted September 20, 2016, courtesy of Bureau of Land Management via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Explosive Growth Of Electric Vehicles | Earth Wise

May 25, 2023 By EarthWise Leave a Comment

Not long ago, electric cars were a rarity.  Ten years ago, annual global sales of EVs were only a few hundred thousand.  As of today, globally, still less than one percent of all the cars on the road are electric.  But that is changing rapidly.

In fact, electric vehicles are expected to capture nearly 20% of the global market this year.  Global sales of EVs were 3 million in 2020 and 6.6 million in 2021.  Last year, sales of electric vehicles hit 10 million and are expected to reach 14 million this year according to the International Energy Agency.

Analysts at the IEA have had to repeatedly revise their projections for future EV sales as the numbers keep going up faster than predicted.  Last year, they projected that EVs would account for 21% of global sales by 2030.  Now, they expect that EVs will reach 35% of sales by that year.

In the US, the EU, and China, policy efforts are in place to boost EV sales.  In the US, the Inflation Reduction Act both supports the EV industry and subsidizes consumer purchases with tax credits. As a result of such policies, the IEA expects electric vehicles to account for 60% of sales across these three large markets by 2030.

Part of what is driving the boom in EV sales is that prices continue to come down for the vehicles.  When operating and maintenance costs are figured in, the EVs come out considerably cheaper to own.  In addition, there are starting to be price wars in the EV industry as competition heats up in the sector.

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EVs to Capture One-Fifth of Global Market This Year Amid ‘Explosive Growth’

Photo, posted May 7, 2022, courtesy of Sharon Hahn Darlin via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Falling Lithium Prices | Earth Wise

May 1, 2023 By EarthWise Leave a Comment

Producers still working out how to meet the surging demand for lithium

Lithium, the key element in the batteries that power electric cars, as well as smartphones, tablets, and laptop computers, is sometimes called white gold.  Over time, the price of the metal has gone up and up.  But recently, and surprisingly, the price of lithium has actually gone down, helping to make electric vehicles more affordable.

Over the first couple of months of this year, the price of lithium has dropped by nearly 20%.  The price of cobalt, another important component of vehicle batteries, has fallen by more than half.  Even copper, another battery material, has seen its price drop by 18%.

Many analysts predicted that prices of these commodities would stay high or even climb higher.  The reason for the decline, as well as whether it is likely to persist, is the subject of much debate.

Some experts believe that the price drops are a result of demand not being as high as expected, perhaps related to slowing sales growth of EVs in Europe and China after certain subsidies expired.  Other industry experts said that the drop was a result of new mines and processing plants providing additional supply sooner than was thought possible.

Despite the price drops, mining and processing lithium remains an extraordinarily profitable business.  It costs from $5,000 to $8,000 to produce a ton of lithium that sells for ten times that amount.  With such fat profit margins, there is no shortage of banks and investors eager to finance lithium mining and processing projects.  Such profit margins are probably not sustainable and that will likely result in more reasonable prices over time.

There is plenty of lithium in the world.  The huge demand for it is a recent phenomenon and the world is still working out how to meet that demand.

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Falling Lithium Prices Are Making Electric Cars More Affordable

Photo, posted January 9, 2023, courtesy of Phillip Pessar via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Renewables Will Overtake Coal | Earth Wise

January 17, 2023 By EarthWise Leave a Comment

According to a recent report by the International Energy Agency, worldwide growth in renewable power capacity is set to double in the next five years.  In fact, by 2027, the world will add as much renewable power as it did over the previous 20 years.

Of particular significance is that renewables are going to overtake coal as the largest source of electricity generation by early 2025.

The global energy crisis triggered by the war in Ukraine has had multiple effects on the evolution of the energy system.  While the war has driven a resurgence in fossil fuel consumption in Europe in order to replace gas from Russia, that resurgence is expected to be short-lived.  Instead, the current energy crisis may turn out to be an historic turning point toward a cleaner and more secure energy system.

Soaring fossil-fuel prices triggered by the war have caused many countries to respond by embracing wind turbines, solar panels, nuclear power plants, hydrogen fuels, electric vehicles, and electric heat pumps.  In the US, Congress approved more than $370 billion in spending for clean energy technologies as part of the Inflation Reduction Act.  China, India, South Korea, and Japan have all increased their national targets for renewable power.   However, heating and cooling buildings with renewable power remains a sector needing larger improvement, according to the energy agency.

Overall, the expansion of renewable power over the next five years is now projected to happen much faster than what was projected just one year ago. The new IEA report revised last year’s forecast for renewables growth by 30% as a result of the introduction of new policies by many of the world’s largest greenhouse gas emitters.

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Renewables Will Overtake Coal by Early 2025, Energy Agency Says

Photo, posted March 8, 2021, courtesy of Stanze via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Low Fares Clean German Air | Earth Wise

September 29, 2022 By EarthWise Leave a Comment

Low fare for public transportation help clean the air in Germany

Germany’s parliament set summer public transport fares at 9 euros a month as a way to slash pollution and reduce imports of Russian oil.   The low price included all buses, trams, subways, and regional trains, effectively lowering prices by more than 90% in some cities.  Berliners saved 98 euros on their monthly travel pass; commuters in Hamburg saved even more.

The program began June 1 and ended August 31.  The bargain rates drove widespread use of public transport and discouraged the use of cars, which already was undesirable due to high gasoline prices.   Over the three-month period, transit authorities sold over 50 million subsidized tickets.  One out of five travelers were using public transport for the first time, according to surveys.

According to an estimate from the Association of German Transport Companies, the program helped to avoid 1.8 million tons of carbon dioxide emissions.  This is roughly equivalent to taking 1.5 million cars off the road for the summer or planting 30 million trees.

The discount transit program had a clearly positive effect on the climate and, obviously, was a source of financial relief for German citizens.  Last year, Germany was the largest buyer of Russian oil in Europe and it wanted to make drastic reductions in its purchases.  The success of the program prompted many to ask for it to be continued.  However, the program cost the government about 2.5 billion euros in reimbursements to transit companies.  The German government has said it would not be extended.

Nonetheless, German policymakers are weighing other proposals for low-cost public transit.  Clearly encouraging people to use public transit pays dividends.

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Germany’s Cheap Summer Train Fares Prevented 1.8 Million Tons of Carbon Pollution

Photo, posted June 6, 2022, courtesy of 7C0 via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Assessing Human-Caused Wildlife Mortality | Earth Wise

May 31, 2022 By EarthWise Leave a Comment

Assessing the impact humans have on wildlife mortality

Bycatch is the fishing industry term used to describe the deaths of non-target fish and ocean wildlife during the fishing process.  Some bycatch species are thrown away because regulations prohibit them from being kept.  Others are thrown out because they won’t fetch high enough prices.  According to some estimates, global bycatch amounts to about 10% of the world’s total catch. 

Approximately half of global bycatch is a result of trawling.  Trawling is a method of commercial fishing that involves pulling or dragging a fishing net – called a trawl – through the water or across the seabed in hopes of catching fish.  Commercial fishing companies favor towing trawl nets because large quantities of fish can be caught.  But the method is destructive to the seafloor and leads to the indiscriminate catch of all sorts of species, including whales, dolphins, porpoises, sharks, seals, rays, turtles, and seabirds. 

Researchers have developed a new method to assess the sustainable levels of human-caused wildlife mortality.  When this method is applied to a trawl fishery in Australia, it shows that the dolphin capture is not sustainable.  The study, led by scientists at the University of Bristol in the U.K. and United Arab Emirates University, modeled different levels of dolphin capture, including those reported in logbooks and those reported by independent observers.  According to the findings, which were recently published in the journal Conservation Biology, even the lowest recorded dolphin capture rates are not sustainable. 

The new approach is extremely adept at assessing human-caused mortality to wildlife, and can be applied to fisheries bycatch, hunting, lethal control measures, or even wind turbine collisions.

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Wasted Catch

Dolphin bycatch from fishing practices unsustainable, study finds

Photo, posted May 18, 2011, courtesy of Pete Markham via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Peak Natural Gas Generation | Earth Wise

May 17, 2022 By EarthWise Leave a Comment

Peak natural gas generation is in the past

According to a new report from the Institute for Energy Economics and Finance (the IEEFA), the U.S. most likely hit its peak usage of natural gas to generate electricity in 2020.  Growth in wind and solar power are beginning to erode the use of natural gas.

At the moment, natural gas prices are unusually high as a result of supply chain issues and the war in Ukraine.  The U.S. is shipping record amounts of gas to Europe in order to help allies to wean off of Russian gas imports.  As a result, U.S. natural gas prices are at their highest level in more than 13 years.  Heating bills in the Northeast have been exceptionally high this past winter.

These high gas prices have also thrown a temporary lifeline to coal, which has seen a recent surge.  Despite this, coal in the U.S. is continuing its long-term decline.  Several of the largest power companies – including the Tennessee Valley Authority, Duke Energy, and Georgia Power – are planning to phase out coal entirely by 2035 and shift to renewable power.

The surging prices in fossil fuels – at the gas pump and in the home – along with multiple disruptions in energy security, are supercharging the already rapid pace of growth in solar, wind, and battery energy storage projects.

Wind, solar, and hydropower currently account for about 20% of U.S. power generation.  According to the IEEFA, these renewable sources could provide more than a third of our power by 2027.  Including both renewables and nuclear power plants, the U.S. could generate more than half of its electricity from carbon-free sources by that year, which represents a massive transition from just five years ago.

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U.S. May Have Hit Peak Natural Gas Power Generation, Report Says

Photo, posted July 11, 2017, courtesy of John Ciccarelli / BLM via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Iron Flow Batteries | Earth Wise

November 15, 2021 By EarthWise Leave a Comment

Lithium-ion batteries power computers, cell phones, and increasingly, automobiles.  They started out being rather expensive but have become dramatically cheaper over the last decade, with prices dropping about 90%.  Batteries are needed to store clean power from wind and solar generation and lithium-ion batteries are increasingly being used for that purpose as well.

Utility-scale energy storage requires substantial battery installations and battery cost is still very much an inhibiting factor in the widespread adoption of the technology.  Lithium-ion battery costs continue to drop but because they require expensive materials like lithium and cobalt, there are limits to how low their prices are likely to get.

As a result, researchers have continued to seek ways to produce batteries made out of cheaper materials.  Among the more promising technologies are flow batteries, which are rechargeable batteries in which electrolyte flows through electrochemical cells from tanks. 

Flow batteries are much larger than lithium-ion batteries and include physical pumps to move electrolytes.  They typically are sold inside shipping containers.  Clearly, such batteries are not suitable for use in vehicles, much less in consumer electronics.  Nevertheless, they represent a practical option for grid storage.

A company called ESS has developed an iron flow battery suitable for utility energy storage.  Clean energy firm CSB Energy plans to install iron flow batteries at several solar projects across the U.S. that will store enough energy to provide power 50,000 homes for a day.  According to ESS, the iron-based batteries should sell for about half the price of lithium-ion batteries by 2025 and be able to store energy for longer periods.

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New Iron-Based Batteries Offer an Alternative to Lithium

Photo, posted March 21, 2021, courtesy of Nenad Stojkovic via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Have We Reached Peak Internal Combustion Engine? | Earth Wise

August 3, 2021 By EarthWise 1 Comment

Global sales of gas-powered cars may have peaked in 2017

According to new analysis from Bloomberg New Energy Finance, global sales of gas-powered cars may well have peaked in 2017, representing a significant milestone in the transition to electric vehicles.

Demand for gas cars dropped in 2018 and 2019, and then plummeted in 2020 as a result of the coronavirus pandemic.  While sales are surely picking up as the pandemic ebbs, the increasing demand (and supply as well) for plug-in vehicles is likely to put gas-powered cars in a state of permanent decline.

Global EV sales are projected to go from 3.1 million last year to 14 million in 2025.  The growth is being driven by falling battery prices, government policies, and increasing choices of vehicles.  Virtually all automobile manufacturers are introducing electric vehicles over the next couple of years and increasing numbers of them are planning a complete transition to EVs in the near future.  Projections are that EVs will account for the majority of new car sales by 2035.

While all this progress is encouraging, there are still over a billion gas- and diesel-powered cars on the road and the fleet turns over slowly.  The current average operating life of cars here in the US is 12 years.

To reach the net-zero carbon emission goals by 2050 as many governments have mandated, additional policies and regulations will be needed.  For example, electric cars will need to account for essentially all new sales by 2035, not just the majority.  Reaching net-zero by mid-century will require all hands on deck, including trucks and heavy commercial vehicles that have barely started to become electrified.

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New Analysis Suggests We Have Already Hit Peak Internal Combustion Engine

Photo, posted December 23, 2017, courtesy of Davide Gambino via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Ever Cheaper Solar Power | Earth Wise

May 14, 2021 By EarthWise Leave a Comment

The cost of solar panels continues to decline

The price of electricity from solar panels has been dropping dramatically over the last decade.  The average cost of utility-scale solar power has gone down more than 80% since 1980, making it the least expensive power source in many places.  The plunging price of solar power is one of the driving forces behind the transition to clean energy. 

The 2020 average cost of solar power was 4.6 cents per kilowatt-hour.  The Department of Energy has recently set a target of reducing the cost of solar power by more than half again by 2030, to an unsubsidized average of 2 cents per kilowatt-hour.  The 2-cent goal is not just the ordinary cost of electricity; it is the levelized cost of energy which is based on a formula that includes the cost of construction and operation of a power plant.

If the least expensive power source becomes that much cheaper, it will really shake the foundation of many energy debates.  One of these debates is how to meet the need for more interstate power lines to transport renewable energy from rural areas to population centers.   If large amounts of additional renewable energy sources are added, policymakers will need to work harder to reform the regulatory system to make sure that new interstate power lines get built.

If the average cost of solar power reaches 2 cents a kilowatt-hour, the actual price will be lower in sunnier regions and higher in those that get less sun.  However, the continuing decrease in solar electricity costs will actually have the greatest impact in the northern, less sunny regions, because solar power may not currently be the least expensive option there but it will become the cheapest alternative over time.

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Inside Clean Energy: What Happens When Solar Power Gets Much, Much Cheaper?

Photo, posted May 14, 2020, courtesy of Courtney Celley/USFWS via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Grid-Scale Battery Storage is on the Rise | Earth Wise

February 4, 2021 By EarthWise Leave a Comment

Record growth in grid-scale battery storage

Driven by steeply falling prices and improving technology, grid-scale battery storage systems are seeing record growth in the U.S. and around the world. Battery storage is a way to overcome one of the biggest obstacles to renewable energy:  the cycling between oversupply when the sun shines or the wind blows, and shortage when the sun sets or the wind drops.  Storing excess energy in battery banks can smooth imbalances between supply and demand.

In California, a 300-megawatt lithium-ion battery plant is being readied for operation with another 100 megawatts to come online in 2021.  The system will be able to power roughly 300,000 California homes for four-hour periods when energy demand outstrips supply.  It will be the world’s largest battery system for a while until even larger systems in Florida and in Saudi Arabia come online.

Nationwide, a record 1.2 gigawatts of storage were installed last year and that number is projected to jump dramatically over the next five years to nearly 7.5 gigawatts in 2025.

The price tag for utility-scale battery storage in the U.S. has plummeted, dropping nearly 70% just between 2015 and 2018.  Prices are expected to drop by a further 45% over the next decade.  Battery performance has continued to improve dramatically with increased power capacity and the ability to store and discharge energy over ever-longer periods of time. 

Favorable energy policies including renewable energy mandates coupled with continued price drops will drive the widespread expansion of battery energy storage.

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In Boost for Renewables, Grid-Scale Battery Storage Is on the Rise

Photo, posted November 17, 2016, courtesy of Steve Ryan via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Shifting Climate Attitudes – Even In Texas | Earth Wise

January 25, 2021 By EarthWise Leave a Comment

Attitudes on climate change continue to evolve

Any conversation about climate policy and energy in the United States has to take Texas into consideration.  Texas leads the nation in energy production, providing more than one-fifth of U.S. domestically produced energy.  Texas also uses more energy than any other state and accounts for almost one-seventh of total U.S. energy consumption.  The state’s industrial sector, which includes petroleum refining and chemical manufacturing, accounts for almost half of Texas energy consumption.

As a result, longstanding skepticism among Texans toward the climate movement has represented a real impediment in developing and implementing effective climate policy in this country.  But according to new research at the University of Houston, attitudes in Texas have changed and now mirror those in the rest of the United States.

About 80% of Americans believe that climate change is happening, and now about 81% of Texans hold the same view.  Two out of three Americans are worried about climate change; more than 60% of Texans agree.

Nationwide, 55% agree that the oil and gas industries have deliberately misled people on climate change; 49% of Texans agree. 64% of Americans say hydraulic fracking has a negative effect on the environment and 61% of Texans agree.  People everywhere are willing to pay more for carbon-neutral energy, and a higher premium for gasoline as well.

Mitigation strategies for climate change are not well understood.  While 61% nationwide have heard of carbon taxes, less than half are familiar with carbon management, and only a third have heard of carbon pricing.

As the U.S. heads toward reengaging in efforts to address climate change, Texans appear to have caught up with the rest of the nation.

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Attitudes About Climate Change Are Shifting, Even in Texas

Photo, posted October 1, 2011, courtesy of Steve Rainwater via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Renewable Energy And The Post-COVID World | Earth Wise

June 2, 2020 By EarthWise Leave a Comment

As is the case for virtually all sectors of the global economy, the short-term prospects for wind and solar power look pretty grim.  Lockdowns, social distancing requirements, and financial upheavals have put many new projects on ice and have halted production at factories making solar panels and wind turbines.  Sales of home solar have struggled as people have put off spending during the economic slowdown.

Ironically, the shutdowns aimed at reducing the spread of the Coronavirus have led to renewable sources accounting for an increased share of power generation.  Global energy demand has plummeted and, because of the low cost of solar and wind power, sources like coal and nuclear power have been curtailed in favor of the renewables.  The dramatically reduced demand has pushed oil and gas prices to historic lows and has left fossil fuel companies struggling to find storage space for the glut of product.

When the world emerges from the pandemic, the question is whether renewable energy will end up on a faster track than before or will end up in a long-term slowdown.  The answer will depend to large extent on the choices political leaders make.

Leaders will unquestionably be designing economic recovery packages.  Such packages could accelerate the shift towards wind and solar power, or they could prop up the fossil fuel economy.  Unfortunately, leaders are prone to be motivated by lobbyists more than by the greater needs of society.  The global economic upheaval represents a real opportunity to change the pace of efforts to address climate change.  Whether that change is a positive one or a negative one is just another looming question facing society when we emerge from the pandemic.

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How Renewable Energy Could Emerge on Top After the Pandemic

Photo, posted April 12, 2020, courtesy of Jeremy Segrott via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Coronavirus And European Energy | Earth Wise

April 23, 2020 By EarthWise Leave a Comment

Coronavirus Boosts European Renewable Energy

As people all over the world shelter in place and much ordinary commerce and other activities have ground to a halt, there have been big changes in energy usage.   With production halted, offices shut down, schools closed, and public transport operated on reduced timetables, the demand for energy has decreased dramatically.

In Europe, as a result of all this, during the first quarter of this year, renewables’ share of total energy production was greater than 60%.  Wind farms provided more than 40% of the renewables’ share of total electricity generation.   During February, Denmark, Germany and Ireland saw nearly 50% of their electricity demand met with wind power.  Hydroelectric power was the second largest source of renewable energy during the first quarter, with Norway providing the largest share of this.  In contrast, generation from nuclear plants was at its lowest first quarter figure for the past five years.

The large shift to renewable generation was in great part due to the overall reduction in demand.  This impacts nuclear and fossil-fuel generation much more than renewables because those plants can be throttled back or shut down entirely so as not to needlessly consume costly fuels.   Generation that runs on sunlight, wind, or flowing water does not require fuel expenses, so it makes sense to prefer them when demand is reduced.

The reduction in demand has in turn had a major effect on fuel costs as oil reached low prices that haven’t been seen in years.

The decline in demand and fuel prices and the enhanced role of renewables are expected to continue in the current quarter as the timetable for renewed economic activity remains unknown.

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Renewables achieve clean energy record as COVID-19 hits demand

Photo, posted June 25, 2010, courtesy of Martin Abegglen via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

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