3 ms·
Photovoltaics and batteries have been on a multi-decade exponential decline in cost. The world is installing about twice as much PV capacity every day in 2024 a
by svara 2y ago
Photovoltaics and batteries have been on a multi-decade exponential decline in cost. The world is installing about twice as much PV capacity every day in 2024 as it did in all of 2004. (1)
The dynamics are so crazy, anything you've read or learnt about this 2 years ago is already outdated.
Extrapolating this another 2 decades into the future, all of the world's primary energy consumption will be covered by PV.
Those subsidies, in particular those in Germany, have had an important role in enabling this.
Now, what Germany did with nuclear is still insane, and it's not all smooth sailing to a carbon free 2045, but I think that should pretty clearly help you understand why people think that way.
(1) https://www.economist.com/interactive/essay/2024/06/20/solar-power-is-going-to-be-huge https://www.economist.com/interactive/essay/2024/06/20/solar...