Version: 1.0.0 | Published: 21 Nov 2024 | Updated: 217 days ago
IPCC AR6 Synthesis Report LR Figure 2.4 (a): Market Cost
Dataset
Summary
Citation:
Intergovernmental Panel on Climate Change (IPCC) , 2024, IPCC AR6 Synthesis
Report LR Figure 2.4 (a): Market Cost, NASA Socioeconomic Data and Applications
Center (SEDAC), IPCC DDC, https://doi.org/10.7927/7apv-rv15
DOI Name:
Documentation
Associated Media:
Description:
This panel shows the global market costs per unit of energy (USD per MWh) for some rapidly changing mitigation technologies. Solid blue lines indicate average unit cost in each year. Light blue shaded areas show the range between the 5th and 95th percentiles in each year. The vertical dashed line is placed in 2010 to indicate the change over the past decade. Yellow shading indicates the range of unit costs for new fossil fuel (coal and gas) power in 2020 (corresponding to USD55–148 per MWh). In 2020, the levelised costs of energy (LCOE) of the three renewable energy technologies could compete with fossil fuels in many places. For batteries, costs shown are for 1 kWh of battery storage capacity; for the others, costs are LCOE, which includes installation, capital, operations, and maintenance costs per MWh of electricity produced. The literature uses LCOE because it allows consistent comparisons of cost trends across a diverse set of energy technologies to be made. However, it does not include the costs of grid integration or climate impacts. Further, LCOE does not take into account other environmental and social externalities that may modify the overall (monetary and nonmonetary) costs of technologies and alter their deployment.
Is Part Of:
IPCC AR6 Synthesis Report
Coverage
Spatial Coverage:
Global
Start Date:
01 January 2000
End Date:
31 December 2020
Provenance
Source:
Nemet, G., 2022, Data for Figure SPM.3 - Summary for Policymakers of the Working
Group III Contribution to the IPCC Sixth Assessment Report, MetadataWorks,
https://doi.org/10.48490/bt54-cr34
Purpose:
Show the global costs per unit of energy (USD per MWh) for photovoltaics (PV),
onshore wind, offshore wind, and passenger electric vehicle.
Accessibility
Access
Access URL:
Format:
Tabular
Usage
Is Referenced By:
Resource Creator:
Intergovernmental Panel on Climate Change (IPCC)
Origin
Name:
IPCC Data Catalogue