Solar Energy Would Become Cheaper Than Fossil Fuels
What He Predicted
In his TED Talk 'Innovating to Zero!' (2010), Gates argued that energy innovation was critical for climate and predicted that with sustained R&D investment, renewable energy — particularly solar — could achieve cost parity with fossil fuels within a decade.
What Actually Happened
Solar panel costs fell over 90% between 2010 and 2023. By 2020, solar was the cheapest source of electricity ever recorded in history, according to the IEA. Wind and solar together now represent the majority of new electricity generation capacity installed globally each year.
Source: https://www.ted.com/talks/bill_gates_innovating_to_zero
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