Solar power is no longer just a substitute for fossil fuels; with Australia’s lead and the help of Chinese industries, it’s going to be the primary energy source of the foreseeable future.
It was only two decades ago when the International Energy Agency (IEA) made a prediction, saying that the world will have a total of 18 gigawatts of photovoltaic solar capacity. But since then, they’ve been proven wrong, and it took less than one year to make this happen.
For decades, the IEA’s World Energy Outlook has been an essential read for policymakers worldwide. This year’s annual edition of the World Energy Outlook has been essential reading around worldwide1974 and re. It remains its most popular publications to date, with readership in over 100 countries across all continents.
The yearly report evaluates energy trends and forecasts future supply prospects, demand patterns, and climate change impacts on our world’s resources through 2100. It also examines what these changes will mean for global policy challenges such as security of supply, economic development opportunities or environmental sustainability.
IEA’s consistent underestimation of the renewable energy sector has caused a huge, missed opportunity to curtail greenhouse gas emissions. The IEA was established in response to the 1973 and 1979 oil crises as an intergovernmental agency with one primary goal: providing reliable information on international developments in crude oil markets and related items that affect global economic decisions.
Unfortunately, the agency has consistently been underestimating solar panels Adelaide uptake rates across most nations worldwide. These false predictions have made it much more complicated than necessary for global policymakers to make good climate change mitigation strategies mainly because they are often based on flawed data sources.
There have been promising trends as of late — that’s the good news, and it is primarily attributed to the work of an Australian research team and the Chinese industrial might.
It’s the story of how China is dominating solar power, and it could spell doom for coal. China has dominated solar manufacturing since the 1970s, but in recent years American capital backed by European political sensibilities have helped them leapfrog ahead to dominate global PV production as well.
The real success story here is that Australian scientists pioneered a new material that led to cheaper silicon, making today’s rapidly falling prices with supply outpacing demand for solar panels Adelaide. The costs continue their free-fall thanks primarily due mainly because this one breakthrough innovation from Australia was arguably more influential than any other single development on our changing energy landscape over these past few decades.
The International Energy Agency acknowledges that solar power is providing the cheapest energy in the world’s history. The truth is we’re headed towards a future of economical, sustainable and reliable energy. There no longer is a question of reliability because renewable sources are sufficient to meet demand. We are hoping to see a much better future in terms of energy consumption and sustainability.