I hope everyone had an enjoyable holiday weekend.
In my posts last week, I eluded to the trade press printing a multitude of articles touting the impressive percentage growth in various sectors of the cleantech industry. Most notable are solar and battery storage.
Why not start the week with an example.
BloombergNEF has provided its updated projections for solar installations. The EIA has also weighed in. Though the numbers vary, regardless of the forecast, the growth in solar has been dramatic.
I’ve never disputed the momentum behind solar. My concern has – and continues to be – on relying on solar almost exclusively to solve the world’s carbon emissions problem. So far, the record levels of solar have not put much of a dent in emissions. And BNEF is indicating we have to triple the current level of solar installations to hit net-zero by 2050.
Record growth but we need to triple it to hit the targets? Doesn’t sound like a viable strategy to me. Particularly when you consider that one country is responsible for the majority of the global growth in solar. And that country’s economy may be hitting a major wall. It’s time to start putting our eggs in many more baskets.
#climatechangeisreal #solarenergy #windenergy #solarenergysolutions #netzero
