Snapshot of Photovoltaics—March 2017

Arnulf Jäger-Waldau
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Arnulf Jäger-Waldau: European Commission, Joint Research Centre (JRC), Directorate C: Energy, Transport and Climate, Energy Efficiency and Renewables Unit, Via E. Fermi 2749, I-21027 Ispra (VA), Italy

Sustainability, 2017, vol. 9, issue 5, 1-9

Abstract: Renewable energy use, especially from solar photovoltaic electricity generation, is growing at a much faster pace than the rest of the economy world-wide. The significant cost reduction of solar PV over the last decade and the zero-fuel cost volatility have increased solar PV’s attractiveness. In 2016, the newly installed solar PV power of about 75 GW was more than all the world-wide installed capacity until the end of 2011. The fact that the Paris Agreement went into force on 4 November 2016 will be another accelerating factor for the use of electricity from renewable energy sources. Apart from the electricity sector, renewable energy sources for the generation of heat and environmental friendly synthetic-fuels for the transport sector will become more and more important in the future.

Keywords: renewable energies; photovoltaic; energy challenge; policy options; technological development; market development; Paris Agreement (COP 21) (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
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