New Database Aims to Correct Overly Pessimistic Clean Energy Cost Forecasts
Energy system models relying on outdated cost projections risk steering investments toward less effective technologies, analysts suggest. A new harmonized database addresses this gap with current data for key clean technologies. The compilation aims to prevent misguided infrastructure planning that could slow the clean energy transition.
The Problem with Pessimistic Projections
Energy system models crucial for guiding policymakers, researchers, and industry leaders toward a sustainable energy future are often hampered by overly pessimistic cost projections, according to recent analysis. Sources indicate that these inaccurate forecasts particularly affect rapidly advancing technologies like solar photovoltaics and batteries, potentially biasing scenario outcomes and misguiding infrastructure planning.