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World may have crossed solar power ‘tipping point’

 The world may have crossed a “tipping point” that will inevitably make
solar power our main source of energy, new research suggests. The study,
based on a data-driven model of technology and economics, finds that solar
PV (photovoltaics) is likely to become the dominant power source before
2050 – even without support from more ambitious climate policies.

However, it warns four “barriers” could hamper this: creation of stable
power grids, financing solar in developing economies, capacity of supply
chains, and political resistance from regions that lose jobs.

The researchers say policies resolving these barriers may be more effective
than price instruments such as carbon taxes in accelerating the clean
energy transition. The study, led by the University of Exeter and
University College London, is part of the Economics of Energy Innovation
and System Transition (EEIST) project, funded by the UK Government’s
Department for Energy Security and Net Zero and the Children’s Investment
Fund Foundation (CIFF).

“The recent progress of renewables means that
fossil fuel-dominated projections are no longer realistic,” Dr Femke
Nijsse, from Exeter’s Global Systems Institute.

 Exeter University 17th Oct 2023 #nuclear #antinuclear #nuclearfree #NoNukes

October 20, 2023 - Posted by Christina Macpherson | renewable