The solar revolution by Bloomberg

Energy, CO2, global warming, renewables, fossil, report, solar power, electricity

The shift to renewables is happening shockingly fast, but not fast enough to prevent perilous levels of global warming.

A new report from Bloomberg, looking ahead to the next 25 years of renewables, has been containing something new. But for who want to know the highlights. Here they come. 

  • The costs of a power plant based on solar panels, will be halve, the next 25 years

  • The rising star of Solar Energy is mainly coming from households that install solar panels. Also because of the rapidly sinking prices of batteries
  • Because of increasing efficiency, the energy demand will remain the same, despite increasing use of devices
  • The fossil fuels share will lower from 66% to 44% of the electricity market over the next 25 years

But … despite dramatic increases in solar energy into electricity, CO2 emissions continue to grow until 2029! Still the global temperature will rise by 2 degrees Celsius.

The shift to renewables is happening shockingly fast, but not fast enough to prevent perilous levels of global warming.

Accelerated by wealth

The richer a country, the more efficient energy use.

Link to the report 

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