Renewables cheapest energy for Asia in 10 years

Just imagine the business opportunities for Australia to embark on a massive research and build of renewables. We are perfectly placed to make hay while the sun shines so to speak. Think of the manufacturing opportunities, the jobs. In ten years renewables will be the cheapest form of energy in Asia. This is no longer about just saving the planet, but about saving Australia's economy as well.

But no, it's all about digging up coal.....

A new study demonstrates that an energy system based completely on renewable forms of energy will be economically viable in the future. Research done at Lappeenranta University of Technology (LUT) shows that it will be worthwhile for North-East Asia, and China in particular, to switch to a completely renewable energy system within 5–10 years. According to the Neo-Carbon Energy project, which conducted the research, the price of solar electricity will drop by half by 2025−2030. 

Completed at the end of last year, the study concluded that within ten years solar and wind power will be the cheapest forms of energy production for Asia's largest energy markets. According to LUT Professor of Solar Economy Christian Breyer, this is because renewable energy is the cheapest way of producing energy in Asia. 

Economic viability has been one of the challenges of making the transition to renewable energy sources and doing so on the terms of the market. The research now performed shows that sun and wind will become viable sources of energy within 5–10 years. This is due to the fact that costs fall by 20% every time capacity is doubled. - See more