31 Jul '15, 9am

The $7 trillion solar tsunami in our midst

The $7 trillion solar tsunami in our midst

Up to $7 trillion through 2030 is available to back renewable energy projects, with possibly up to half flowing into emerging markets. That's the kind of climate action that actually produces results. While world leaders have been talking a lot but doing little in the run-up to the UN climate conference in December, the private sector has been forcefully tackling climate change. A solar tsunami is sweeping across the globe and politicians would do well to recognise its importance and help it along. Falling costs and financial market innovations are making solar the preferred power option in many countries - and the tsunami is only getting started. Solar energy is already the cheapest form of electricity in many countries - well on its way to becoming the absolute cheapest everywhere by 2025 . In many countries endowed with sun, the cost of solar power generation is already...

Full article: http://www.theecologist.org/blogs_and_comments/commentato...

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