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And those costs won't fall unless there's either a huge technological breakthrough or utilities invest a lot more of their own money in building new plants.
"There isn't a massive single piece of this that represents some huge technological breakthrough," Bali admitted.
And barring some combination of a massive reversal in popularity, huge technological breakthrough and reintroduction of competition, it's hard to imagine that changing any time soon.
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Things we take for granted today were, not that long ago, huge technological breakthroughs.
"It is becoming less and less possible to reach the target if there are not major huge technological breakthroughs and huge political breakthroughs.
IEA Executive Director Fatih Birol said the world is unlikely to achieve its Paris Agreement obligations without "major, huge technological breakthroughs," but the 2018 federal budget could spur a breakthrough in carbon capture and sequestration.
"I am not very hopeful now that we will be able to reach our targets unless there are major, huge technological breakthroughs". One culprit Birol named is the 220 gigawatts of coal-fired power plants under construction in Asia.
"I am not very hopeful now that we will be able to reach our targets unless there are major, huge technological breakthroughs," Birol told David Victor, who co-chairs the Cross-Brookings Initiative on Energy & Climate.
This harder, more versatile metal represented a huge technological breakthrough.The arrival of the European Iron Age, in around 1000 BC, was a time of huge social as well as technological change.
It's how some small new technological breakthrough can have huge, unexpected, world-changing consequences.
Technological breakthrough?
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