And Mexico will pay for “the wall”…I know a lot about walls.
The stunning fall in the costs of wind, solar and storage – estimated on a global scale – has already put the fossil fuel industry on notice, as we reported earlier this week.
Now, we can publish the BloombergNEF cost estimates for Australia, and they reveal an even more devastating outcome for the fossil fuel industry and their cheer leaders in politics and the media.
This graph above prepared by BloomberNEF shows how.
The headline number is the cost of “bulk energy”, where unsubsidised solar and wind easily beat coal and gas. Even the highest priced wind and solar is cheaper than the lowest cost estimate for coal, so the Coalition might as well save $10 million to taxpayers funds and stop the feasibility study for the new Queensland coal generator now. We already…
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