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2. PART I: How Auctions Helped Solar Become the Cheapest Electricity in the World
- Author:
- Benjamin Attia, Shayle Kann, and Morgan D. Bazilian
- Publication Date:
- 02-2020
- Content Type:
- Special Report
- Institution:
- Georgetown Journal of International Affairs
- Abstract:
- The global energy transition has reached an inflection point. In numerous markets, the declining cost of solar photovoltaics (PV) has already beaten the cost of new-build coal and natural gas and is now chasing down operating costs of existing thermal power plants, forcing a growing crowd of thermal generation assets into early retirement. Perfect comparability between dispatchable and non-dispatchable resources invites debate, but the cost declines in solar PV are irrefutable: the global average unit cost of competitively-procured solar electricity declined by 83 percent from 2010 to 2018. This is due in part to module cost reductions of approximately 90 percent, capacity-weighted average construction cost declines of 74 percent, and a global paradigm shift in renewable energy procurement policies in the last six years.
- Topic:
- Climate Change, Environment, Science and Technology, Natural Resources, Infrastructure, and Electricity
- Political Geography:
- Global Focus
3. Preparing for the Inevitable: Climate Change and the Military
- Author:
- Esther Sperling
- Publication Date:
- 03-2020
- Content Type:
- Special Report
- Institution:
- Georgetown Journal of International Affairs
- Abstract:
- The US military maintains almost $1.2 trillion worth of installations worldwide, allowing the United States to sustain critical capabilities and respond to crises around the globe. Outdated and degraded infrastructure limits the military’s ability to respond. The growing impacts of climate change exacerbate the challenge of modernizing and maintaining infrastructure. Climate change’s impact on military installations can be broken down into four main categories: sea level rise, extreme storms, extreme drought and heat, and Arctic ice melt. While Congress has passed bipartisan legislation to address the threat, the Department of Defense (DoD) must take additional steps to adapt to the challenges of climate change.
- Topic:
- Climate Change, Environment, Military Affairs, and Sustainability
- Political Geography:
- North America, Global Focus, and United States of America