The momentum of the solar energy transition
University of Exeter · World Bank · +5 more institutions
Abstract
Decarbonisation plans across the globe require zero-carbon energy sources to be widely deployed by 2050 or 2060. Solar energy is the most widely available energy resource on Earth, and its economic attractiveness is improving fast in a cycle of increasing investments. Here we use data-driven conditional technology and economic forecasting modelling to establish which zero carbon power sources could become dominant worldwide. We find that, due to technological trajectories set in motion by past policy, a global irreversible solar tipping point may have passed where solar energy gradually comes to dominate global electricity markets, without any further climate policies. Uncertainties arise, however, over grid…
Citation impact
- FWCI
- 18.28
- Percentile
- 100%
- References
- 62
Authors
8- FJFemke J. M. M. NijsseCorresponding
University of Exeter
- JMJean-François Mercure
World Bank, University of Exeter, University of Cambridge
- NANadia Ameli
Centre for Sustainable Energy, University College London
- FLFrancesca Larosa
Centre for Sustainable Energy, University College London, KTH Royal Institute of Technology
- SKSumit Kothari
Centre for Sustainable Energy, University College London
Topics & keywords
- Renewable energy
- Energy transition
- Natural resource economics
- Tipping point (physics)
- Photovoltaic system
- Solar energy
- Feed-in tariff
- Solar power