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Solar energy is a substantial global industry, one that has
generated trade disputes among superpowers, threatened the solvency
of large energy companies, and prompted serious reconsideration of
electric utility regulation rooted in the 1930s. One of the biggest
payoffs from solar's success is not the clean inexpensive
electricity it can produce, but the lessons it provides for
innovation in other technologies needed to address climate change.
Despite the large literature on solar, including analyses of
increasingly detailed datasets, the question as to how solar became
inexpensive and why it took so long still remains unanswered.
Drawing on developments in the US, Japan, Germany, Australia, and
China, this book provides a truly comprehensive and international
explanation for how solar has become inexpensive. Understanding the
reasons for solar's success enables us to take full advantage of
solar's potential. It can also teach us how to support other
low-carbon technologies with analogous properties, including small
modular nuclear reactors and direct air capture. However, the
urgency of addressing climate change means that a key challenge in
applying the solar model is in finding ways to speed up innovation.
Offering suggestions and policy recommendations for accelerated
innovation is another key contribution of this book. This book will
be of great interest to students and scholars of energy technology
and innovation, climate change and energy analysis and policy, as
well as practitioners and policymakers working in the existing and
emerging energy industries.
Solar energy is a substantial global industry, one that has
generated trade disputes among superpowers, threatened the solvency
of large energy companies, and prompted serious reconsideration of
electric utility regulation rooted in the 1930s. One of the biggest
payoffs from solar's success is not the clean inexpensive
electricity it can produce, but the lessons it provides for
innovation in other technologies needed to address climate change.
Despite the large literature on solar, including analyses of
increasingly detailed datasets, the question as to how solar became
inexpensive and why it took so long still remains unanswered.
Drawing on developments in the US, Japan, Germany, Australia, and
China, this book provides a truly comprehensive and international
explanation for how solar has become inexpensive. Understanding the
reasons for solar's success enables us to take full advantage of
solar's potential. It can also teach us how to support other
low-carbon technologies with analogous properties, including small
modular nuclear reactors and direct air capture. However, the
urgency of addressing climate change means that a key challenge in
applying the solar model is in finding ways to speed up innovation.
Offering suggestions and policy recommendations for accelerated
innovation is another key contribution of this book. This book will
be of great interest to students and scholars of energy technology
and innovation, climate change and energy analysis and policy, as
well as practitioners and policymakers working in the existing and
emerging energy industries.
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