Podcasts Government Asia's Developing Future Solar energy use is growing fast as production costs plunge

Solar energy use is growing fast as production costs plunge

Published: Aug. 15, 2018, midnight

b'Solar energy is growing fast as total capacity worldwide surges with the decline of solar-panel prices. It\\u2019s cheap and it works.\\n\\nHow to further reduce the price of solar panels has become an important topic as solar electricity\\u2019s share of the overall energy supply grows globally. Several studies have focused on manufacturing and technological developments as the main reasons behind the most recent drop in global solar-panel prices. \\n\\nBut a more recent study done for the Asian Development Bank Institute says that monetary variables, oil prices, and demand for solar panels due to environmental concerns also determine solar-panel prices. \\n\\nRead the transcript\\nhttps://bit.ly/2waSto2\\n\\nRead the working paper\\nhttps://bit.ly/3s6Nhx7\\n\\nAbout the authors\\nFarhad Taghizadeh-Hesary is assistant professor of economics at Waseda University, Tokyo.\\nNaoyuki Yoshino is the dean of ADBI.\\nYugo Inagaki is an alumnus of Keio University.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2MbErO1\\nhttps://bit.ly/2MlDL7P'