Solar Energy Is Selected as the Cheapest Renewable Energy in History According to IEA

Written by Valdemar Medeiros

Published on 12/11/2020 at 11:21

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Solar Energy Officially Elected The Cheapest Renewable Energy In History According To A Report By The International Energy Agency (IEA)

A report by the International Energy Agency (IEA) confirms what many had suspected: the solar energy harvested through photovoltaic installations now has costs so low that it is the cheapest renewable energy available to utilities.

Solar Energy Cheaper To Obtain Than Electricity Supplied By Coal-Fired Power Plants

The IEA’s 464-page report also highlights the “extraordinarily turbulent” impact of the coronavirus and the “extremely uncertain” future of global solar energy consumption over the next two decades. Reflecting this uncertainty, this year’s renewable energy report outlines four “pathways” to follow until 2040, all aimed at a significant increase in the importance of renewable energy sources.

The IEA’s main scenario aims for solar energy production to be 43% higher by 2040 than previously estimated in 2018, partly due to new cost analyses in renewable energy that show solar energy is 20-50% cheaper than previously thought.

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IEA Is Modeling A Scenario That Aims For Net Zero CO2 Emissions By 2050

For the first time, the IEA is modeling a scenario aiming for net zero CO2 emissions by 2050, with the goal of limiting global warming below the threshold of 1.5 °C, which is considered the upper limit to avoid the worst consequences for the ecosystem and, by extension, human civilization through the use of solar energy.

For example, one proposed change for renewable energy for the world is to work from home three days a week, thereby reducing the need for air-conditioned workspace in office buildings and the resulting pollution footprint from transportation.

A first step towards achieving this seemingly improbable ideal has already been taken by the COVID-19 pandemic, with working from home being reevaluated in just a few months, from being a “productivity killer” to a survival strategy for employees and companies.

Solar Energy Is Selected as the Cheapest Renewable Energy in History According to IEA

Solar Energy Officially Elected The Cheapest Renewable Energy In History According To A Report By The International Energy Agency (IEA)

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Solar Energy Cheaper To Obtain Than Electricity Supplied By Coal-Fired Power Plants

IEA Is Modeling A Scenario That Aims For Net Zero CO2 Emissions By 2050

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Giant concrete tubes become futuristic micro-apartments in Hong Kong, with a diameter of 2.5 meters, 9.29 m² of internal space, and a proposal to fit homes where the city almost has no more space to live.

What changes with the new public transportation rules that can reduce pressure on fares and pave the way for zero fare in Brazil?

Driver who “holds” the left lane can receive a hefty fine and 4 points on their driver’s license even if they think they are going at the correct speed for the road.

Grandmother of eight graduates at 72, moves the family, and shows that a dream postponed for decades could still become a diploma.

Producers pierce PET bottles, bury them next to the plants, and create drip irrigation that delivers water directly to the roots and reduces waste in the garden.

Solar Energy Is Selected as the Cheapest Renewable Energy in History According to IEA

Solar Energy Officially Elected The Cheapest Renewable Energy In History According To A Report By The International Energy Agency (IEA)

Read Also

Solar Energy Cheaper To Obtain Than Electricity Supplied By Coal-Fired Power Plants

IEA Is Modeling A Scenario That Aims For Net Zero CO2 Emissions By 2050

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.

Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.

The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.

Africa has about 500,000 cell towers and most still burn diesel to operate, while companies rush to cover antennas with solar energy and avoid signal blackouts.

Farmers swapped diesel for solar panels in Pakistan, powered irrigation pumps almost cost-free, expanded rice fields, and now groundwater has become a red alert in the countryside.

Giant concrete tubes become futuristic micro-apartments in Hong Kong, with a diameter of 2.5 meters, 9.29 m² of internal space, and a proposal to fit homes where the city almost has no more space to live.

What changes with the new public transportation rules that can reduce pressure on fares and pave the way for zero fare in Brazil?

Driver who “holds” the left lane can receive a hefty fine and 4 points on their driver’s license even if they think they are going at the correct speed for the road.

Grandmother of eight graduates at 72, moves the family, and shows that a dream postponed for decades could still become a diploma.

Producers pierce PET bottles, bury them next to the plants, and create drip irrigation that delivers water directly to the roots and reduces waste in the garden.