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- By 2021, solar is gonna
be cheaper than coal,

a new report from Bloomberg
New Energy Finance suggests.

The new report shows
that the price of solar

is dropping rapidly,
much faster than originally anticipated.
The lead author, Seb Henbest, said,
"Costs of new energy
technologies are falling

"in a way that is more a
matter of when than if."

If their report is correct,
then we could see a decline

in global CO2 levels as early
as 2026, which is much sooner

than the International
Energy Agency forecast.

China and India are the biggest markets
for these new solar farms
and account for $4 trillion

of investment, which is about
39% of the overall industry.

Now, these two countries
are still spinning up

coal plants really fast, but I
think once the price of solar

gets below where it is for
the other types of energy,

we're gonna see a big
shift really quickly.

In fact, China aims to spend
at least 360 billion with a B

on renewable energy by 2020
to fight climate change.

This is of course to help them deal
with the severe pollution in their cities.
Now, China is also
incentivizing their consumers,

their citizens, to buy electric vehicles,
and in fact last year they had
over 350,000 electric vehicles sold,
which is far and away the most
out of any country in the world.
In one way, you could say
that they're the world leaders

in shifting us into more
renewable forms of energy

and forms of transportation
such as electric vehicles.

In the US, besides Donald Trump saying,
"We're gonna bring back the coal industry,
"save the coal industry,"
we're gonna see prices for
solar continue to drop.

The report predicts that in the US,
solar costs will drop by 67%
in 2040 and 63% in Canada.

That's huge but still
doesn't hold a candle

to the 85% price drop predicted in Japan.
In fact, they're looking at
a 70% price drop by 2022.

That's only five years from now.
Now, I have to pause here
for a second and talk

a little bit about why I
focus on the price so much.

You see, in the US, we've
politicized the argument

over climate change, whereas
most of the rest of the world

really doesn't see it
as an argument anymore,

as more a fact and something
that we need to act upon.

That's why literally
every country in the world

signed onto the Paris Accord.
So, when you have something
that is objectively

cheaper and better in every way,
no one is gonna stop this from happening.
No one's gonna stand in the way and say,
"Let's pay more for the same thing
"that we could get cheaper and
better and easier over here."

It just doesn't work that way.
In fact, the reason oil
and things like plastic

have been with us for
so many centuries now

is because of how cheap
and efficient they are.

If we found a better
way to do this earlier,

then we would've already made
the switch, but we haven't,

and until we started to realize the impact
that this industry is
having on our environment,

we really didn't open
our eyes to even looking

because we didn't realize
why we would want that.

Don't think for a second, though,
that this will spell doom and gloom
for big oil or Opec or any of those folks.
Companies like BP are making
their first investment

into renewables in half a decade.
Even Opec's top producer, Saudi Arabia,
a country synonymous with big oil,
is planning to develop 30 solar
and wind projects over the next 10 years.
This is part of the
kingdom's $50 billion program

to boost power generation
and reduce oil consumption.

Their goal is to produce
10% of their power

from renewables by 2023.
That's only six years from now.
In the EU, things are
headed this way, also

and the report from Bloomberg
New Energy Finance projects

that by 2040, the desire or demand for oil
will drop by about 87%
due to the increased cost

put in place by the laws
that they've enacted

to help fight climate change.
So all together, we're
looking at zero emission tech

like Teslas, other electric
vehicles, and home batteries

skyrocketing as the source
of energy for those products

becomes more renewable, as well,
and all of this adds up to
a cleaner, brighter future

for us and for our children
and our children's children,

and this is where today's
sponsor comes into play.

In 2016, 39% of new generation
capacity brought online

was solar, which is leading to the boom
in residential and
commercial solar projects.

This is why they're
offering you as an investor

up to eight and a half percent annually
to help fund the transition to solar
for small and medium sized businesses.
You see, banks don't understand
how to finance these things

and this is where Wunder Capital comes in.
They help small and
medium sized businesses

convert their business over
to solar by providing them

the financial tools necessary to do so.
As an investor, it helps you
because you get to diversify

your portfolio, earn up to eight
and a half percent returns,

and fight climate change
all at the same time.

In 2017, Wunder Capital is looking
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meaning there's a lot of opportunity
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So if you wanna support
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and thanks for watching this episode
and I'll see you back here next time.
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Solar Cheaper Than Coal By 2021

148 Folder Collection
Ntiana published on December 14, 2017
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