Chapter Five: Electricity and How Politics can Incentivize a Shift to Renewable Energy Sources

Figure 1: Kavlak et al. (2018) show the drastic decrease of costs of solar PV since the mid-70s at a logarithmic scale.
Figure 2: Kavlak et al. (2018) show the components contributing to the cost decrease.
Figure 3: At the beginning of cost declines, there are many “knobs to turn,” while later cost declines are attributed to economies of scale. Public policies can speed this up (Roberts, 2018).

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