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Reproduced from the Goldman School of Public Policy; Chart: Axios Visuals

Declining costs for renewables and battery storage could enable a nearly carbon-free U.S. electricity mix by 2035 without raising consumers' power bills, a new report argues.

Why it matters: The report's pathway for deeply decarbonizing the electricity mix is faster than what's envisioned under various state-level and power company targets.

  • The analysis, from a UC Berkeley public policy school and the nonprofit GridLab, also arrives as activists are pushing Joe Biden to adopt more aggressive policies.
  • Standing reminder: Biden's current plan is already a heavy political and technological lift and goes far beyond Obama-era policies.

What they're saying: Amol Phadke, a scientist with Berkeley's Center for Environmental Public Policy, said cost declines have occurred faster than anticipated.

  • “This is the first report to integrate the latest low prices for renewable energy and storage and shows it is technically and economically feasible to deliver 90 percent carbon-free electricity on the U.S. power grid by 2035," Phadke said in a statement alongside the report.

But, but, but: The "90% clean" goal of the report, which envisions no new natural gas plants and a phase-out of coal, rests on a series of substantial federal and state policy changes and incentives proposed in an accompanying memo from the firm Energy Innovation.

Go deeper

Scientific American backs Biden in first endorsement in 175-year history

Photo: Sean Rayford/Getty Images

Scientific American backed former Vice President Joe Biden for president on Tuesday — marking the first time the publication has made a presidential endorsement in its 175-year history.

The big picture: The magazine's editors excoriated President Trump's response to the coronavirus pandemic in an op-ed — arguing that he "rejects evidence and science," contributing to the country's death toll of nearly 200,000.

The startup that wants to disrupt big internet providers

Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.

1 hour ago - World

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Gen. Mark Milley. Photo: Rod Lamkey-Pool/Getty Images

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, warned Wednesday that China's test of a hypersonic missile is "very concerning" and "very close" to the kind of "Sputnik moment" that triggered the Space Race during the Cold War.

Why it matters: The comments by America's top uniformed general underscore the depths of U.S. concerns about China's rapid military expansion and development of advanced weaponry.