THE ROAD UP AHEAD: Solar Energy Now Cheaper Than Oil, But Dirty Habits Die Hard (Archive)

“In Europe, the incumbent power companies are fighting for survival using the political influence they have. What we have seen in the last 18 months or so in most developed countries is a priority shift from supporting renewable (energy) to protecting incumbent power companies. That’s not the case in countries like China, which is rushing into solar and other renewables, driven by a desire to produce more power without worsening smog, and to make money by becoming a leader in a growing industry.’

SM's avatarRIELPOLITIK

Source – real-leaders.com

“…There is plenty of good news on clean energy, the experts said. The sums invested in renewables have stagnated in recent years – but that is largely because solar power costs have fallen 90 percent since 2009, requiring much less money to buy the same amount of equipment”:

Solar Energy Now Cheaper Than Oil, But Dirty Habits Die Hard

Solar power is becoming so cheap so fast that in Abu Dhabi it’s now less costly to produce a unit of energy from the sun than from oil, leading energy experts said this week.

But that doesn’t mean a global switch to renewable energy will be inevitable or speedy, they told a London conference.

Difficult and sometimes unexpected problems still stand in the way, including pension funds heavily invested in fossil fuels, upfront costs for clean power, political flip-flops in key nations, and the lobbying prowess of…

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2 thoughts on “THE ROAD UP AHEAD: Solar Energy Now Cheaper Than Oil, But Dirty Habits Die Hard (Archive)

  1. There are many First World NGOs that support solar development in parts of the Third World that have never had electricity at all. They’re hoping to spare them the fossil fuel trap. The technical term for this is “leap-frogging.”

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