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Version: 0.0.1 | Published: 4 Apr 2022 | Updated: 988 days ago

Data for Figure SPM.3 - Summary for Policymakers of the Working Group III Contribution to the IPCC Sixth Assessment Report

Dataset

Summary

Citation:

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

DOI Name:

https://doi.org/10.48490/bt54-cr34

Documentation

Description:

Figure legend: The top panel shows global costs per unit of energy (USD/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. Grey 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 four 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 non-monetary) costs of technologies and alter their deployment. The bottom panel shows cumulative global adoption for each technology, in GW of installed capacity for renewable energy and in millions of vehicles for battery-electric vehicles. A vertical dashed line is placed in 2010 to indicate the change since AR5. Shares of electricity produced and share of passenger vehicle fleet are indicated in text for 2020 based on provisional data, i.e., percentage of total electricity production (for PV, onshore wind, offshore wind, CSP) and of total stock of passenger vehicles (for electric vehicles). The electricity production share reflects different capacity factors; e.g., for the same amount of installed capacity, wind produces about twice as much electricity as solar PV. {2.5, 6.4} Renewable energy and battery technologies were selected as illustrative examples because they have recently shown rapid changes in costs and adoption, and because consistent data are available. Other mitigation options assessed in the report are not included as they do not meet these criteria.

Is Part Of:

Summary for Policymakers of the Working Group III Contribution to the IPCC AR6

Coverage

Spatial Aggregation:

Global

Spatial Coverage:

Global

Start Date:

01 January 2000

End Date:

31 December 2020

Geographic Bounding Box

Lower Left Latitude:

-90.0000

Lower Left Longitude:

-180.0000

Upper Right Latitude:

90.0000

Upper Right Longitude:

180.0000

Provenance

Source:

Based on data from IRENA (2021) “Renewable Power Generation Costs in 2020“ IRENA (2020) “Renewable Power Generation Costs in 2019“ IRENA (2019) “Renewable Power Generation Costs in 2018“ BNEF https://about.bnef.com/blog/battery-pack-prices-fall-to-an-average-of-132-kwh-but-rising-commodity-prices-start-to-bite/ Data processing or treatment: Almost all data values were obtained in year 2020 constant dollars. Where conversions were needed to put into 2020 dollar terms, we used price deflators from the US Bureau of Economic Analysis, National Income and Product Account Tables: https://apps.bea.gov/iTable/index_nipa.cfm

Purpose:

Data used by Intergovernmental Panel on Climate Change (IPCC) authors and supplied for archiving to MetadataWorks Ltd by the Technical Support Unit (TSU) for IPCC Working Group III (WG III).