Solving Climate Change

News from an old buddy.

In the world’s single-largest investment in solar technology, the oil-rich emirate of Abu Dhabi announced Wednesday it will spend $2 billion to jumpstart a home-grown photovoltaics industry. The cash will fund what is undoubtedly the planet’s best-financed startup, Masdar PV, which will build manufacturing facilities in Germany and Abu Dhabi to produce thin-film solar modules that can be used in rooftop solar systems or solar power plants.

The gamble Masdar PV is taking is that it’s investing billions in an older but proven thin-film technology that may well be left in the dust by more exotic, cheaper and efficient technologies under development by a host of startups.

Masdar PV aims to have a gigawatt of annual production capacity in place by 2014. To get there, Geiger says the company has hired a management team that includes former top executives from First Solar and other thin-film industry veterans.

Looks like Lomborg\’s mistake was to be insufficiently optimistic. Things carry on like this we\’ll all be switching to solar within a decade on purely cost grounds and thus bye bye global warming as a problem.

And it\’s all being done purely for profit.

3 thoughts on “Solving Climate Change”

  1. “…we’ll all be switching to solar within a decade…”

    Those of us who live in Portugal, maybe. I doubt that solar will keep us warm in England in winter.

  2. Neil, you beat me to it.

    All very well in Abu Dhabi, but I wouldn’t like to be trying it in the West of Scotland.

    And if the outcome is that we end up dependent on the bloody Arabs again – because, dammit, they have all the sunshine as well as all the oil – then it’s not really a solution, is it?

  3. the oil-rich emirate of Abu Dhabi announced Wednesday it will spend $2 billion to jumpstart a home-grown photovoltaics industry.

    Unfortunately, any foreign entity coming to work in this new industry will still be required by law sign up with a local “sponsor” to whom you must pay 7% of revenues in return for doing precisely nothing. This will go nowhere.

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