August 23, 2018

Solar power is one of the fastest growing industries in the world. According to the International Energy Agency (IEA), it accounts for almost two-thirds of net new power capacity globally.

In 2016, new solar capacity even overtook the net growth in coal, previously the biggest new source of power generation. The estimated value of solar power in 2015 was $86bn and is projected to hit $422bn by 2022. There's no reason to expect it to stop there and every reason to expect it to continue to grow.

Fossil fuels, including coal, oil and natural gas, are still the world's primary energy source. However, they have very high external costs - climate change, air and water pollution - and in the case of fracking - earthquakes.

Read more:

https://www.aljazeera.com/indepth/opinion/china-leader-solar-power-180822102606141.html