Renewable energy will be ‘effectively free’ by 2030


Renewable energy will be ‘effectively free’ by 2030

Analysts at Swiss investment bank UBS believe that by 2030, we could all be living without much of a carbon footprint — at least at home. The analysts believe that the cost of renewable energy will continue to dive heading into the next decade, and that by 2030, costs will be so low they will “effectively be free,” according to new research published this morning in the Financial Times (paywall).

The analysis explained that solar and wind farms are getting bigger a move that is “great news for the planet, and probably also for the economy.”

With its increased popularity among consumers and, more importantly, energy providers, the economics of scale come into play. With declining prices, it makes little sense to ignore alternative energy sources, especially those that are renewable. Read More

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