According to the World Economic Form (WEF) report, the 2016 calendar year marks a new era for solar energy as a fuel source having trounced fossil fuels. Both solar and wind is now the same price or cheaper than new fossil fuel capacity in more than 30 countries. This means that people will begin to safely invest in new sustainable energy resources like never before.
Although this is encouraging, there are also hurdles needing to be crossed often political and rather than economic. The $1 trillion goal set at the Paris climate change accord is currently at around 25% of that goal ($286 billion) for global renewable investment.
It is likely that sooner than later the prices will drop low enough for solar and wind that they will win over despite the current trouble of integration to our current infrastructure due to contract standardization, regulations among some of the impending factors. As is looks, the tipping point isn’t far away. 2017 is looking bright!
(Source link on qz.com)
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