A new report has suggested the world will need to install solar PV at an average rate of 53GW a year from 2013-2020 as it transforms its energy mix to prevent dangerous climate change.

As reported here, global investment bank Citigroup has become the latest authoritative source to warn of the high cost – economic and environmental – of inaction on climate change action, and to tally the economic benefits of shifting to low-carbon energy, transport and industrial systems.

Energy markets – as the single biggest emitter of greenhouse gases – are, of course, a big focus. And according to Citi’s ‘action’ scenario, we will need to add a lot of renewable energy to the global power mix if we are to avoid dangerous climate change – and a great deal of that will need to be solar PV.

Read the rest of the story at REneweconomy.com.au


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About John Fitzgerald Weaver

John Fitzgerald Weaver is a solar developer; known digitally as the 'Commercial Solar Guy.' As a project developer and installer, he’s sold and managed 50+ solar projects, valued over $25 million, ranging in size from 5kW to 1500kW. He’s been involved in many aspects of the solar supply chain –- as a company founder, developer, project manager, manufacturer, permit runner, salesman, contractor and financier. In his free time he tries to get away and clear his mind by climbing mountains, or more regularly by enjoying an IPA or scotch, and really loves the strange connection between politics, energy, finance, and environment in the energy world.