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The cost of energy production

The technological innovations are happening on an exponential curve.

If you understand what this means, you will never look at future in the same way. The technology as we know it will see hundreds of generations within our lifetime. What we buy, use and are used to will be totally different and obsolete in a very short time.

Contrary to what one may expect the per capita energy consumption is likely to rise many folds over next few decades. The innovations though will come in the way we produce this energy. We now know what can be produced and have a blue print of that, it is just a matter of time we can hit the innovation curve.

Innovations in renewable energy have not been high on the list because of no investments going in to its research. With the focus shifting back to them, the RE energy innovations are likely to hit booster button and the costs associated with these energies are going to decrease exponentially. One such IEA estimate is given below.

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