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Concerns about global warming, rising fossil fuel prices, and oil insecurity have prompted calls for a new energy economy, one that replaces fossil fuels with renewables. The sun is an enormous reservoir of energy; in fact, the sunlight reaching Earth in just one hour is enough to power the global economy for a whole year. Harnessing some of this energy is an essential component of Earth Policy Institute’s carbon cutting plan, as presented in Chapter 5 of Plan B 4.0. Here are some highlights from the accompanying data on three types of solar energy: solar photovoltaics (PVs), concentrated solar thermal power (CSP), and solar water and space heating.*
Annual production of solar photovoltaics reached nearly 7,000 megawatts in 2008. Although this technology for converting sunlight into electricity was developed in the United States, Japan took an early lead in production, surpassed only in recent years by China and Germany. Chinese annual production skyrocketed from 40 megawatts in 2004 to 1,848 megawatts in 2008, nearly five times the output of the United States. Currently almost all of China’s production is for the export market, but several massive domestic installations are being planned.* Read more ».
* Above text courtesy:
Earth Policy Release
Data Highlights
March 11, 2010
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