The exponential growth of solar power will change the world

The latest issue of The Economist focuses on solar energy. The introductory article is short, compelling, and optimistic. On the economics, they make a good point: Consider solar economics. As the cumulative production of a manufactured good increases, costs go down. As costs go down, demand goes up. As demand goes up, production increases—and costs go down further. This cannot go on for ever; production, demand or both always become constrained....

June 21, 2024