The first terawatt of wind and solar came in 2018. Even before that, the world had a terawatt of hydro. So we are working on our third Green terawatt now, out of about 16 needed worldwide. Bloomberg NEF has predicted that the third will come in 2023. Fourth—How about 2027? Let’s gather some facts.
Me: The First Green Terawatt Was the Hardest
Getting to 100% renewable electricity will require trillions of dollars in new, and profitable, investments. The particular numbers in analyst forecasts are all irrelevant, because costs keep falling faster than they can imagine, even with past data in front of them. Also because the main obstacles to moving faster are political, not economic or technical.
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