Solar Power Poised to Become Leading Global Energy Source by 2050, Says New Study
A groundbreaking study led by the University of Exeter and University College London reveals that solar power is on the brink of surpassing all other energy sources to become the world's primary energy provider by 2050.
October 21, 2023. By News Bureau
This remarkable shift is anticipated even in the absence of an aggressive push from global climate policies.
Dr. Femke Nijsse from Exeter's Global Systems Institute emphasised that the growing momentum of renewables challenges outdated projections dominated by fossil fuels. She noted, "There's an ongoing, beneficial cycle between the deployment of technologies and the increasing affordability of these implementations, driving the rapid growth of solar energy."
This research indicates a paradigm-shifting acceleration of renewables. However, the study also identifies key challenges that may impede solar energy's expansion, including its inherent variability. Solutions proposed include diversification with other renewables, improved transmission infrastructure, enhanced energy storage, and policy development.
Access to financing is another hurdle, especially for nations with limited resources. Dr. Nadia Ameli from UCL's Institute for Sustainable Resources stressed the importance of fair and appropriate financing to expedite the global shift away from carbon.
The impending solar-driven future will also trigger increased demand for essential minerals, potentially affecting the livelihoods of those currently employed in fossil fuel-related sectors. Tailored policies are seen as vital to overcoming these challenges and advancing clean energy transitions.
The full study, titled "The momentum of the solar energy transition," can be found in Nature Communications, and its findings have the potential to reshape the world's energy landscape.
In related news, the University of Exeter is preparing to release the inaugural Global Tipping Points Report during COP28, which will offer a comprehensive analysis of climate tipping points and actionable strategies to mitigate the escalating climate crisis.
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