SINGAPORE (July 31): The support for green energy is often dampened by its prohibitive price tag but that may change soon, according to European fund management group Schroders.

Over the next 10 years, the cost to produce renewable energy is expected to decrease, putting downward pressure on energy prices, says Simon Webber, lead portfolio manager at Schroders, in a July 19 note.

That may seem impossible at present, says Webber, given 30% of power production in Europe that comes from renewables is still funded substantially with taxpayer money.

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