Still reading through Way 2022
The growth of technologies follows an S-Curve. Both Wright’s law and Moore’s law fit the exponential stages of these curves. Production costs declines slow eventually.
Just going to continue reading the results, get one more pass through.
You have this drastic under assessment of progress in the LCOE from IEA and IPCC projections. Improvement rates were estimated at about 35 but the actual was closer to 15% (figure 3).
How are these projections integrated into a energy system transition model?