"The clean energy economy will provide the largest wealth-building opportunities in history. The world will spend $382 trillion in energy over the next 40 years and every aspect of this industry is up for grabs: from generation and transportation to storage and use." - Tony Seba, Author, Solar Trillions
Detail
The two key elements driving the investment opportunity in solar are:
- No other source of energy can scale like solar can. The 21st century will be powered mainly by solar energy.
- The way we generate, transmit, store, and use energy in 30 years will be completely transformed.
"At this point policy is probably the most important factor in energy industries. Governments around the world massively subsidize the coal, oil, and nuclear industries. According to the influential Stern Report, governments spend more than $250 billion every year subsidizing the incumbent energy industry. So the most profitable companies in the largest industry on earth are also the most heavily subsidized. But its not just cash, the fossil fuel and energy industries have also written rules and regulations including land use and tax policies that favor them.
Policy is what led Germany to build the worlds leading solar power and clean energy economy and policy is whats building China into a clean energy world power (no pun intended here!) long term.
As I said, right now policy is probably the most important driver in clean energy." - Tony Seba, Author, Solar Trillions
So what policy has made Germany the leading solar and renewable energy economy in the world? A Renewable Energy Act that supports feed-in tariffs. To find out what this means, how it works, and why it is so important see the documentary Hope for a Change: Renewable Energy below. If the United States ever moves to this model with the kind of parameters defined by the Germans and more recently Canadians in Ontario, then look out. Their entrepreneurial spirit, creativity and drive will quickly place them at the forefront of the emerging renewable energy industry that will come to dominate economics over the next thirty years.
Interview of Tony Seba in relation to his book Solar Trillions.
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