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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One Response to The solar revolution by Bloomberg

  1. Chile’s solar market has been named the fastest growing region in the world for the third year in a row. With projects such as Abengoa’s $1.2 billion Atacama 2 project, the country is predicted to add a further 770MW of solar PV capacity by the end of 2015. With the Chilean government strongly supporting solar power, grid parity is not just an objective, it’s already a reality.

    ChileSOL is the largest solar conference in Chile, where you can meet with all relevant stakeholders including off-takers, developers, transmission companies and financiers.

    21-22 July 2015 | Santiago

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