Recent technology cost forecasts underestimate the pace of technological change

(CMCC Foundation - Euro-Mediterranean Center on Climate Change) A comparison of observed global energy technology costs, with forecasts generated by models and forecasts predicted by human experts, showed that both forecasting methods underestimated cost reductions. This suggests that decisions based on forecasts may be overestimating the cost of climate mitigation and points to the need to further improve forecasting methods.
Source: EurekAlert! - Social and Behavioral Science - Category: International Medicine & Public Health Source Type: news