Bloomberg Markets - 08.2019 - 09.2019

VOLUME 28 / ISSUE 4 47

The relative costs of solar and wind
will fall well below those of coal and gas.

Clean (and dirty) energy prices vary
globally. Coal is costly in the U.K.

Green Technologies to

Grow More Affordable

Where Green Power Is

Cheapest Today

The Debt Market for

Sustainable Projects Has Exploded

Not Everyone Is Participating

In the New Energy Boom

Green bonds have driven sustainable debt issuance since 2012. Last year, financial,

corporate, and mortgage-backed issuers accounted for two-thirds of sales.

The number of U.S. solar jobs has climbed 159% since 2010, but women are

disproportionately left out of the clean energy workforce—and underpaid within it.

Sustainable debt financing issued

Solar labor

Levelized cost of electricity, 1H 2019

Cost of electricity generation

Total Green bond issuance by type

U.S. solar industry workforce U.S. workforce by gender Median hourly wage, U.S. solar

Men

Women

U.S. dollars per megawatt-hour

Wind

onshore

Coal

Combined cycle

gas turbine

PV (nontracking)

with storage

Utility-scale

battery

Photovoltaic

(nontracking)

Open-cycle gas

turbine

Nuclear

Wind onshore

with storage

Gas reciprocating

engine

Pumped

hydro

U.S. dollars per megawatt-hour, high estimates

U.S. U.K. China

0 $200 $400 0 $30b $60b

Green bonds

Green loans

Social bonds

Sustainability bonds

Sustainability-linked loans

Other

2012 2018

2012 2018

0

$29.19

$21.62

300k

0

50

100

200

150

$250b

’10 ’18

Oil and gas extraction

20%

Clean energy production

13%

Overall

47% women

C hina

U .S.

$70

$20

Project

U.S. municipal

Supranational

Government

agency

Corporate

Financial 0

Mortgage-

backed security

0

Sovereign 0

’19 ’50

Wind†

Solar*

Coal††

Gas††