Despite the political insufficiency to address the climate challenges of our time – debating endlessly about whether climate change is engraved by human activity or not – solutions are here today and they’re working. The IPCC has calculated the global “carbon budget” we can spend until 2050. If we want to stay under the 2°C temperature rise, which is generally accepted as the tipping point to unleash feedback loops in our climate system, we can only burn fossil fuels for another 17 years at the current rate (see blue scenario on graph below). It’s obvious we need to shift to renewable solutions, now. Luckily there are more and more investors who seem to have noticed this. Get ready for some nice facts and figures about the solar photovoltaic power industry. Unless otherwise stated, all graphs are produced by the Renewable Energy Policy Network for the 21st century (REN21) and published in their global status report 2014. (more…)
