According to Electrek, by the year 2025 the cost of electricity could fall below $10-megawatt hour (1¢/kWh) in the sunniest parts of the world, causing a drastic drop in price of oil. Interestingly, the article cites that switching to renewables isn't due to a sudden concern about the environment, but simply to cost.
As we’ve seen in the past year, the price of utility scale solar electricity in sunny climates has plummeted. This has led to significant thought about what the results of “quasi-infinite and free energy” could lead toward. Israel has solved water problems in a desert with the largest solar desalination plant on the planet. China has suggested a $50 trillion global HVDC electricity grid to take advantage of global renewable energy resources. Not to mention that a massive build out of solar power would add tens of millions of jobs globally.
The addition of more jobs may be needed: already mining operations are almost fully automated, while half of all jobs are expected to disappear in the next two decades, with some already warning us that we should prepare before it's too late.
|"Two-thirds of all jobs in developing countries might be lost to automation."|
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|"Half of students are chasing careers that will be made obsolete by advances in technology and automation."|
|"Think about what a child born today could plausibly expect to witness in her or his lifetime."|
|WannaCry is Childsplay Compared to This|
|Schools Monitoring Students' Social Media Feeds|
|“We have to forget steel as a core employer.”|
|“It’s not something you would expect to see there and not something we’ve seen there before.”|
|"Is meant to produce more energy than it consumes."|
|"The first to target civilians and the first such malware built to target a nation’s power supply."|
|“Drone carrying defibrillators could begin operating in Sweden.”|
|“Making paper out of stone.”|
|Making a Movie Inside a Video Game|
|"Its tilted axis makes orbit, showing the position of the sun and the time."|
|It's a Commercial About a Sweater|
|"Technological transformation first reduced the income of the populations for decades, although societies became wealthier in the long term."|