World must add 53GW solar PV a year to address climate change

Home / environment / World must add 53GW solar PV a year to address climate change

A new report has suggested the world will need to install solar PV at an average rate of 53GW a year from 2013-2020 as it transforms its energy mix to prevent dangerous climate change.

As reported here, global investment bank Citigroup has become the latest authoritative source to warn of the high cost – economic and environmental – of inaction on climate change action, and to tally the economic benefits of shifting to low-carbon energy, transport and industrial systems.

Energy markets – as the single biggest emitter of greenhouse gases – are, of course, a big focus. And according to Citi’s ‘action’ scenario, we will need to add a lot of renewable energy to the global power mix if we are to avoid dangerous climate change – and a great deal of that will need to be solar PV.

Read the rest of the story at REneweconomy.com.au

Share the joy
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
John Weaver
Solar Power Plant Project Developer at Commercial Solar Guy
John Fitzgerald Weaver is a solar consultant - aka The Commercial Solar Guy. As a project developer and installer, he's sold and managed 50+ solar projects worth more than $10 million, ranging from 5kW to 1500kW. He’s been involved in many aspects of the solar supply chain - as a company founder, developer, project manager, manufacturer, permit runner, salesman, contractor and financier, climbs mountains, played football, enjoys an IPA or scotch, needs to get away, and really loves this strange connection between politics, energy, finance, environment, etc in the energy world, and likes run on sentences.

Current and occasional stock positions that I have written about are ASYS, TSLA, CAFD and TAN - plus Bitcoin and Etherium.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: