Greening China to drive global cost reductions
Date Added: 25 Sep 2017 from BusinessNZ Energy Council
The rapid "greening" of the Chinese economy may continue to help drive down the manufacturing costs of renewable energy technologies, a visiting academic says.
Wind, solar, battery and electric vehicle technology have seen cost reductions "because, as the market expands, so the efficiencies improve and the costs come down and the more the costs come down the more the market expands and this is a virtuous circle," professor John Mathews told a Business NZ Energy Council meeting in Wellington last Friday...
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