Part 2/7:
As outlined in the report, prices for renewable energy solutions are expected to decrease significantly—between 22% and 49% by 2035. Already, there's evidence of this downward trend: the cost of a typical solar farm has dropped by 21% globally, with many solar modules now available at prices below their production costs. This trend shows no signs of abating, fueled in part by intensified competition from Chinese manufacturers, who produce green energy at costs ranging from 11% to 64% lower than their counterparts across the globe.
While some governments might consider implementing trade barriers to protect their local industries from this influx of affordable Chinese technology, analysts believe that such measures will not entirely halt the price decline.