In our ESG and climate piece yesterday we discussed rising costs of climate-related actions, with a focus on some of the likely inflation in renewable power costs. The optimists are looking at the Exhibit below, and what were falling module costs through 2020, and concluding that solar installations can grow and that costs can still fall. While the module shipment growth in 2020 was impressive at 33%, some of the forecasts of what will be needed call for a much more dramatic rate of module growth than we saw in 2020.
