TWENTY YEARS ago China had virtually no solar panels. Today the country has a quarter of the world’s total, according to the International Energy Agency. That includes a 1km “solar highway”—a road paved with panels capable of powering 800 homes—and a 250-acre solar farm shaped like two smiling pandas. The country plans to build a solar-power plant in space to capture the sun’s energy and beam it back to Earth.
But the solar spending spree is slowing. Last year the Chinese government slashed investment subsidies. In April it said it would give priority to wind and solar projects that can generate power at the lowest prices. This has contributed to a fall of 60% in Chinese investment in renewable energy in the past two years . American clean-energy investment has also declined.
Although investment in clean energy is down, production of it continues to rise. A dollar’s worth of solar-power investment yields about four times as much capacity as it did ten years ago. The capital costs of wind energy have fallen similarly. Over the decade, renewable-energy capacity has quadrupled. Half of that increase was from solar. Yet renewables are still a long way from replacing fossil fuels. That is especially true of coal in Asia.
Humans want to live with tecnology but with Nature.
Really a question of whether or not direct solar hydrolysis (DSH uses no batteries, just a current running constantly producing/storing hydrogen) will out perform nuclear over the next few hundred years. The pragmatist says nuclear, the homesteader likes the DSH independence.
Worrisome
Such a shame how short sighted we can be as a species. So much money can be spent on killing each other but so little on saving us all. 😥
This is not looking good.
Nuclear is the way to go.
It’s a scam.
What else might have happened 2 years ago that may have convinced them that they needn't bother? Hmm? HMMMMMM.
GOOD FOR CHINA THIS IS HEROIC
alllibertynews there... is... no... clean... energy
Costs for renewables are dropping. It would be way more interesting to compare the added capacity per year.
Vachina is nothing without hard labor slavery they’re imposing on their zombies 🧟♂️ 🧟♀️ and rest of us almost there
alllibertynews The socialist government has caused massive delays in maintenance.
That's because it was never a good investment.
Solar panel is not a renewable source!