It took 68 years for the world to reach 1 terawatt of solar PV capacity. It took just two years to double it | RenewEconomy
It took 68 years for the world to reach 1 terawatt of solar PV capacity. It took just two years to double it | RenewEconomy
Global solar PV capacity has reached 2 terawatts, and is forecast to quadruple by 2030.
Every two and a half years solar energy efficiency will double
It's called Ohm's Law
And in true capitalistic fashion, all of these gains are eaten up by increased consumption, not used to reduce demand for other sources.
Not at all true.
The Australian grid is quite easily seen to be reducing other sources, ergo, reducing demand.
I assume you be trolling
Indeed.
In addition, there's a lot of consumption that was non-electric (e.g. transport, heating) that is moving to electric. Most of the increased grid consumption is not new consumption, it's consumption that was previously direct fossil fuels.
The exception is basically bitcoin and AI, plus electrification of underdeveloped areas.
Global energy demand is not expected to fall, especially as more people gain access through economic development of traditionally poorer nations.
That is why increasing renewable generation capacity is so important now.
Electrification is good.