Skip to main content

Thank you for visiting nature.com. You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser (or turn off compatibility mode in Internet Explorer). In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.

  • News & Views
  • Published:

ENERGY ECONOMICS

Careful currency conversion

International energy economic analysis frequently involves conversion of all monetary figures to a single currency, typically the US dollar. This can cause significant variation in estimation of values that change over time such as learning rates for new energy technologies.

This is a preview of subscription content, access via your institution

Access options

Buy this article

Prices may be subject to local taxes which are calculated during checkout

Fig. 1: Technology learning curve at three different learning rates.

References

  1. Wright, T. P. J. Aeronaut. Sci. 3, 122–128 (1936).

    Article  Google Scholar 

  2. Van Buskirk, R. D., Kantner, C. L. S., Gerke, B. F. & Chu, S. Environ. Res. Lett. 9, 114010 (2014).

    Article  Google Scholar 

  3. Wei, M., Smith, S. J. & Sohn, M. D. Energy Policy 107, 356–469 (2017).

    Article  Google Scholar 

  4. Lillestam, J., Melliger, M., Ollier, L., Schmidt, T. & Steffen, B. Nat. Energy https://doi.org/10.1038/s41560-019-0531-y (2020).

  5. Rubin, E. S., Taylor, M. R., Yeh, S. & Hounshell, D. A. Energy 29, 1551–1559 (2004).

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Sarah Josephine Smith.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Smith, S.J. Careful currency conversion. Nat Energy 5, 14–15 (2020). https://doi.org/10.1038/s41560-019-0539-3

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1038/s41560-019-0539-3

Search

Quick links

Nature Briefing

Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily.

Get the most important science stories of the day, free in your inbox. Sign up for Nature Briefing