2015 is shaping up to be a big year for the development of huge, hybrid solar power plants – the mega solar complexes that combine solar PV with solar towers and storage, and which are tipped to compete, soon, with baseload fossil fuels on both price and energy supply.
Here is some more on the decline of coal. This is largely a citizen action, and it shows what the concerted power of individual choice can accomplish. This is good news for the Earth and the beings that inhabit it.
In my view, coal is going to be the first carbon energy source to wither and die. It will always be mined because there are non-burning uses for coal in industrial chemistry. But it will be a vastly diminished industry, operating under much tighter controls because its lobbying power will also diminish. Although it has gotten little coverage in the States I see the decision by Norway to divest from coal, as this reports describes, as the latest and most powerful example of this transition out of carbon trend. A critical consensus is emerging in collective consciousness that coal is bad as an energy source, and one measurable way this is being expressed is by individual choices concerning investment in coal. This event may be the tipping point.
As I have predicted for some years, the first large corporations to change their policies on carbon investments will be insurance companies. Since they pay out claims brought on by disasters, they are exquisitely attuned to what causes disasters and carbon energy is at the top of their list. Insurance companies understand what Republicans will not admit — climate change is a game changer unlike anything ever seen before by the human species. So I take AXA's action as good news.
Here is the truth about solar: The only thing blocking the transition out of the carbon age is investment not technology. No further technological advance needs occur, although many will. We have the ability to do this right now. It is a question of will and intent. The human species, expressed through national policy can condemn itself to what unremediated climate change deals us, or we can change the trend. It is about as stark a choice as one sees. I found this on a Russian website. RT seems to be the only publication covering the MIT report, which I think is very telling.