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$1 tn needed to achieve 1TW solar power capacity by 2030

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At the International Solar Alliance, Emmanuel Macron said the government, private sector and civil society need to work together to overcome hurdles

French President Emmanuel Macron on Sunday said USD 1 trillion will be needed to achieve one terawatt (TW) of solar power capacity by 2030.

Speaking alongside Prime Minister Narendra Modi at the founding conference of the International Solar Alliance (ISA), he said there are financing and regulation hurdles for achieving the target which need to be cleared by government, private sector and civil society coming together.

Without any names, he referred to countries quitting the historic Paris Climate agreement and said ISA nations came together to “deliver complete results”.

The oblique reference was to US President Donald Trump’s decision to pull out of the Paris climate agreement, which was signed by nearly 200 countries in December 2015 in an effort to curb global greenhouse gas emission and limit global warming to within 2 degrees Celsius.

In November last year, Syria signed the deal, leaving the US as the only country in the world not to support the framework deal to combat greenhouse gas emissions.

“They (ISA member nations) started to act and to deliver complete results. They didn’t wait, they didn’t stop because few countries decided to just leave the floor and the Paris agreement,” he said. “Because they decided it was good for them, their children and grandchildren and they decided to act and keep acting.”

Mr. Macron said countries represented at ISA represent three-fourths of the world population. As much as 20-50 per cent of the population do not have access to power, he said.

The joint goal is to have 1 TW of solar energy by 2020 for which “we need USD 1,000 billion,” he said.

“We know the hurdles… (there) are financial hurdles, regulations, capacity hurdles as well. We shall therefore lift every single one of them,” he said. “To that effect, it is not enough to look at what governments are doing. We need a new international deal with the private sector, the international public sector and the civil society as well.”

“It is common good and it is for the development of all countries,” he said.

Three requirements

The French president said three primary things need to be done. Firstly, identify solar energy potential in each country, their projects and financing requirement. Secondly, mobilise available finance and thirdly to provide a favourable framework.

ISA, he said, will bring member nations financing as well as share expertise between them.

On financing, he said, the French Development Agency will allocate 700 million euros in additional spending to its commitment to solar energy by 2022, taking the total commitment to €1 billion.

“But in order to reach the 1,000 billion dollars by 2030, to reach the 1TW of solar energy, we need private investors,” he said, adding that the alliance will provide a favourable framework.

“It means that we will improve the regulations, the terms in order to support investments in renewable. It is also about improving public procurement and to provide efficient policies,” he said, urging nations to facilitate purchase and supply of electricity generated from solar energy.

Stating that existing guarantees need to be reviewed, he said, “We need appropriate guarantee tools. The existing ones are too expensive and do not cover all of the risks“.

Lauding India for showing the world the way in scaling up solar power generation capacity, he said, renewable capacity has within two years gone up from 39 gigawatt to 63 GW, while that of solar energy has soared by 140 per cent.

“India proves that it is possible. What you are in the process of succeeding in doing is being watched by the entire world,” he said. “You are attracting investment, you are supporting them, you are training young people and so this is what we shall be doing. This is what 121 countries of the alliance in Asia, Africa, Latin America shall be doing.”

Later he tweeted: “We make Delhi this weekend the world capital of the sun. Through our presence, we seal an alliance to make the energy of the sun accessible to everyone”.

“Countries with the most solar potential are often the most in need of energy, but only a small share of electricity generation. With ISA Summit, we bring capabilities closer to needs,” he said in a tweet.

Seven months ago, when Mr. Modi came to Paris, all was done to make ISA Summit, which was an agreement in principle, a reality. “It’s done today.”

“We did not come from all continents to deliver additional speeches that will soon be forgotten. We came to ask the topics on the table and give access to solar energy in the world,” he added.

financialexpress



67 Comments on "$1 tn needed to achieve 1TW solar power capacity by 2030"

  1. Cloggie on Sun, 11th Mar 2018 9:15 am 

    The doomers are silent today.

  2. Sissyfuss on Sun, 11th Mar 2018 9:28 am 

    Not all of us, Clumpinstein. Keep applying that renewable bandaid on the gaping wound of our dying Industrial Civilization but please desist in calling it a replacement for BAU. It is a distraction at best although in these interesting times distractions are certainly needed.

  3. MASTERMIND on Sun, 11th Mar 2018 9:31 am 

    UC Davis Peer Reviewed Study: It Will Take 131 Years to Replace Oil with Alternatives (Malyshkina, 2010)
    http://pubs.acs.org/doi/abs/10.1021/es100730q

    University of Chicago Peer Reviewed Study: predicts world economy unlikely to stop relying on fossil fuels (Covert, 2016)
    https://www.aeaweb.org/articles?id=10.1257/jep.30.1.117

    Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
    https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf

    Fossil Fuel Share of Global Energy since 1990 – BP 2017
    https://imgur.com/k7VecMq

    Renewable energy ‘simply won’t work’: Top Google engineers
    http://www.theregister.co.uk/2014/11/21/renewable_energy_simply_wont_work_google_renewables_engineers/

    Top scientists show why powering US using 100 percent renewable energy is a delusional fantasy
    http://energyskeptic.com/2017/big-fight-21-top-scientists-show-why-jacobson-and-delucchis-renewable-scheme-is-a-delusional-fantasy/

    IEA Sees No Peak Oil Demand ‘Any Time Soon’
    https://www.wsj.com/articles/iea-sees-no-peak-oil-demand-any-time-soon-1488816002

    The Curse of Energy Efficiency
    https://thetyee.ca/Opinion/2018/02/26/Energy-Efficiency-Curse/

  4. Cloggie on Sun, 11th Mar 2018 9:38 am 

    “Not all of us, Clumpinstein.”

    Normally it is SteinInClump, Sissyfuss.

    But perhaps I made a mistake by suspecting a German speaker in you.

    http://www.verbotomy.com/verbottle.php?jargonism_id=20145

    https://en.wikipedia.org/wiki/Sisyphus

  5. Davy on Sun, 11th Mar 2018 9:47 am 

    Neder, there is nothing exclusive about being a doomer and embracing solar. It is more a factor of honesty and realism in regards to the economics and physics of solar’s potential. The honesty and realism is even more a factor of human behavior deficiencies which you are a perfect example of. Time and reality are on our side. Fantasy dwellers have reality to deal with.

  6. Sissyfuss on Sun, 11th Mar 2018 10:05 am 

    ” According to the solar theory, King Sisyphus is the disk of the sun that rises in the East and sets in the West. (Wiki)
    Bow down to me, insignificant Clusterfunk. I make all your delusions seem possible by illuminating them in the light of day and giving sustenance to your whirling blades and mirrored cells. But all your endeavors are in equal import to my endless folly in concert with this damnable stone.

  7. Steve on Sun, 11th Mar 2018 10:54 am 

    Is India replacing coal with solar or adding new capacity with solar?

    http://channel.nationalgeographic.com/years-of-living-dangerously/episodes/a-race-against-time/

    While improving the lot of individuals by introducing them to electricity and gadgets that run on it, isn’t it counterproductive to the goal of reducing emissions and draw on mineral resources?

  8. MASTERMIND on Sun, 11th Mar 2018 11:01 am 

    Solar a joke! too many clouds and night time..And there is too much CO2 pollution in the air already that blocks off sunlight.

  9. fmr-paultard on Sun, 11th Mar 2018 11:31 am 

    sad day for FL and luke 22:36 when the bumpski goes the state goes libtard. i’m glad i reverted to libtard after failed voting for president paul. i’m going to go on welfare and enjoy the burning of rome.

    it only takes one bad guy to ruin it for the rest. in a small setting the ill effect could be mitigated somewhat. but in a mass shooting and modern media only one guy justifies new laws banning bumpski.

    FL is decisive in presidential elections.

    banning the bumpski also makes the joke of the concept of law and open door for erosion of civil liberties.

    the concept of law becomes blurry becuase the bumpski is just a piece of plastic…next would be banning cars?

  10. fmr-paultard on Sun, 11th Mar 2018 11:34 am 

    this is just feminized brains speaking. the system to regulate solar energy of this scale doesn’t exist. the tax cattle is going to be milked for fake greens

  11. Outcast_Searcher on Sun, 11th Mar 2018 2:08 pm 

    The article says both 2020 and 2030. If they can’t even proof read at all, how credible can they be?

    Why does this have to be government. Why not private industry, along with their paying customers, incented by saving (or making) money?

    As the technology advances, costs come down, and AGW issues become more apparent, the trend toward green energy is clearly accelerating.

    It might be better to just get government the hell out of the way. Reneging on the solar roof deals / contracts in Nevada, for example, is exactly the opposite of the way government should behave. Both in pandering to the FF utilities, and in the arbitrary breaking of firm contracts.

    https://www.theguardian.com/environment/2016/jan/13/solar-panel-energy-power-company-nevada

  12. twocats on Sun, 11th Mar 2018 3:10 pm 

    outcast – the article says twice

    “government, private sector and civil society coming together.”

    “We need a new international deal with the private sector, the international public sector and the civil society as well.”

    to think that government isn’t an ineffable part of the situation either by action or inaction is naive. there is no “getting out of the way” – and yes they’ve mostly hurt the situation here in the US. but not necessarily in places like europe, china and india for a variety of reasons.

    either way, the conference was more than likely so non-committal in terms of actual plans and signed agreements that it barely merits a dismissal.

  13. Antius on Sun, 11th Mar 2018 4:49 pm 

    What a moron. This fool simply can’t run France into the ground quickly enough can he?

  14. Antius on Sun, 11th Mar 2018 4:57 pm 

    “this is just feminized brains speaking. the system to regulate solar energy of this scale doesn’t exist. the tax cattle is going to be milked for fake greens”

    The way this is likely to end is a rerun of the 2008 recession. Governments will not have spare billions to pour into things like this.

    Eventually, I think we will be left with a mixture of renewable electricity sources and knackered out old fossil plants. Electricity supply will suffer from rolling blackouts. It will be up to the end user how they adapt to that – with local demand management, backup power, storage, or simply going without.

  15. Davy on Sun, 11th Mar 2018 5:07 pm 

    “Electricity supply will suffer from rolling blackouts. It will be up to the end user how they adapt to that – with local demand management, backup power, storage, or simply going without.”

    I see the same possibility Antius. The rich west is going to resemble Karachi today.

  16. Outcast_Searcher on Sun, 11th Mar 2018 5:57 pm 

    Davy, nonsense. If the electricity providers in the first world get that unreliable, they will merely be hastening their own doom, as people with means react.

    Having more alternatives to react with will merely hasten the speed at which millions react.

    I’ve already reacted 5.5 years ago with a whole house backup generator. My outages are typically 30 seconds now.

    But I’d rather react with a solar roof and good LI-ION backup batteries for everyday use, and a solution if/when the generator has a problem.

    Claiming the “rich west” will resemble Karachi is appealing to the doomer mentality, but it has less and less credibility as green energy builds out, becomes cheaper and more efficient, and thus makes more ecomomic sense.

    But keep those doomer dreams alive. It makes for good recreational reading.

  17. Davy on Sun, 11th Mar 2018 6:24 pm 

    So, OS, you are saying if we make some bad choices and fate does not cooperate then it is nonsense to think our grid could go unreliable. We have many energy issues that if handled poorly could cause unreliability that is seen in the 3rd world. I don’t think that is a stretch of the imagination. What it is then is a call to a reality testing of current energy policy. We are not reality testing properly today. Fake greens and blind techno optimist are trumpeting an energy future that is not yet realized but they act as though it is. You can play your doomer bashing games but then why are you here? If there was no worries why would you waste your time here?

  18. fmr-paultard on Sun, 11th Mar 2018 6:27 pm 

    OS supertard is correct to be negative. 2 millions went dark last storm. when heat waves is intense we have blackouts. supertards do the best they can but i never said they’re infaliable.

  19. fmr-paultard on Sun, 11th Mar 2018 6:54 pm 

    ^mm^ no need for anything at all to get luke 22:36….google 80% lower and they come with stupid instrucitons like hey idiot, drill here. feminized brain presents a big struggle but we all need to both develop skills with our hands as well as abstract thiking.

  20. dave thompson on Sun, 11th Mar 2018 7:37 pm 

    World wide we are burning more FF year over year. All the wind and solar so far installed and in use today has made no difference.

  21. Anonymouse1 on Sun, 11th Mar 2018 8:55 pm 

    dave, ye have little faith. I heard from not-remotely reliable source here@PO that a beer company, (somewhere) in Europe borrowed an electric truck that is uses to deliver a few cases of beer a couple times a month to enhance the companies greenwashing efforts.

    See how easy that was?, fossil fuel problem….solved.

    There is no problem the world faces that cannot be solved through unsupported assertions, non-sequiturs, and on on semi-frequent basis, outright fabrications. If those are not enough, well, we have web links too. Usually to reliable sources such as, but not limited to: Prison Planet, CNN Wikipedia, and Bloomberg.

  22. dave thompson on Sun, 11th Mar 2018 11:50 pm 

    LOL^^^^^^^^

  23. Cloggie on Mon, 12th Mar 2018 1:06 am 

    Apart from Outcast, everybody is submitting to doomer porn. What happened to that famous “can do” mentality? What is so special about mounting 10 stupid solar panels to your roof and have a few bassins dug out of mountain tops?

    https://deepresource.wordpress.com/2017/06/11/unconventional-pumped-hydro-storage/

    A family acquiring a car is more expensive than acquiring a renewable energy installation. With the car shifting from private to public domain in 10 years, will free up lots of family resources to get the job done.

    But yeah, you have to work for that and there is the kicker. Hanging out on a forum with fellow doomer druggies is so much more comfortable.

    Oooh, we are all going to die! Oooh I have here an article that says we are doomed in 10 years, oooh vey! Billions are going to die! It’s going to be horrible, ooooh!!

    ROFL

  24. Boat on Mon, 12th Mar 2018 1:24 am 

    Nuke, wind, hydro, solar all made no difference in btu consumption around the world. …….A testiment to the brain power of two of our resident doomers. They are Trump like in reasoning capability.

    Davy, how could one not come here for such ground breaking, intellectual, scientific meeting of the minds.

  25. Boat on Mon, 12th Mar 2018 1:27 am 

    Clog

    I am not outcast.

  26. Boat on Mon, 12th Mar 2018 2:03 am 

    Clog

    I am a retard

  27. Kat C on Mon, 12th Mar 2018 5:23 am 

    All the sun coming to this planet is doing something. All the wind on this planet is doing something. All the heat under the ground and energy in waves are all doing something. Coal and oil weren’t just taking up space in the ground, they were sequestering CO2 from the atmosphere which we figured out only when we started using massive amounts. If we use massive amounts of solar, wind or geothermal and wave energy we will likely find that we didn’t understand what they were doing. We will collapse before then, but it is interesting to note that we humans, even those who actually care about the planet, think we can mess with what is and not pay consequences. We can of course mess with what is in minor ways and not have major consequences, but to think that we know enough to power our extravagant lifestyles and excessive power without consequences is hubris.
    PS no one has made one solar panel or one windmill without using fossil fuels and they never will.

  28. Simon on Mon, 12th Mar 2018 5:38 am 

    Antius

    Since Macron came in, the French economy has grown each quarter and the unemployment rate fallen each quarter.
    Cant really see him running the country into the ground ?

    Simon

  29. dave thompson on Mon, 12th Mar 2018 7:06 am 

    When I point out the reality and facts of solar and wind alternative energy’s impact, that humans are still burning just as much and more FF year over year,people posting on this site,not to name names start calling the “doomer” card.
    How is someone a “doomer” when pointing out and/or asking the difficult questions of damned if you do,damned if you don’t? We humans live in a world of predicaments that have no real solutions.
    Feel good energy schemes such as wind and solar installments are just that “feel good”. Looking at reality and the facts of this is not one of those feel good themes, however I do not think it is being a “doomer” to point out the fallacy of it all. It is only taking the view that being realistic about facts and reality can be uncomfortable to the people who would think otherwise.
    If I asks hard questions about these Utopian dreams being cooked up on this site and you answer with name calling,this only makes your alt-energy fantasy future world all the more ridiculous.

  30. Simon on Mon, 12th Mar 2018 7:41 am 

    dave

    It is basically irrelevant whether FF use has increased since Alts. started to increase, as the appetite for energy as a whole has increased. The only useful breakdown would be % energy generated by alts over time by region, ie. EU/Africa/Asia/Russia/NAFTA and South America

    Simon

  31. dave thompson on Mon, 12th Mar 2018 8:03 am 

    Simon, Every region uses the same atmosphere, so the increase year over year of FF burning affects the entire planet. So breaking down by region is meaningless if the end result wanted is the reduction of carbon into the atmosphere.

  32. Simon on Mon, 12th Mar 2018 9:04 am 

    Dave

    Breaking down by region allows us to see who is making progress, that’s all.
    The main thrust is that without total power consumed FF and Alts. just saying we are still burning more ff doesn’t actually give you anything meaningful in relation to alts.

    Simon

  33. dave thompson on Mon, 12th Mar 2018 9:17 am 

    Simon, The meaningful relation is that if humanity is building out alternative power to take the place FF use, there has been no headway made in the past twenty years. And FF use only increases year over year. So it comes down to no progress has been made and the burning of FF world wide only increases dumping more co2 into the atmosphere year over year. Now this all assumes that the reason to use wind and solar is to cut carbon emissions, in the first place. Am I missing something here?

  34. Simon on Mon, 12th Mar 2018 9:33 am 

    That is not true, you are ignoring the fact that the total consumption of power is growing, in effect if we did not have alts, that energy would come from burning even more FF.

  35. fmr-paultard on Mon, 12th Mar 2018 9:51 am 

    we have to burn more energy because we are biological entities that obeys the maximum power principle. since we are intelligent, we do more damages than typical biological systems because of many factors including visibly our reliance on machines.

    https://www.tandfonline.com/doi/abs/10.1577/1548-8659%281990%29119%3C0611%3ATMPPIB%3E2.3.CO%3B2?journalCode=utaf20

  36. Boat on Mon, 12th Mar 2018 10:23 am 

    Simon

    It is estimated 500 billion of US health care dollars are spent due to pollution every year. 333 billion is what the world spent on greener types of energy. There is incentive to build out renewables besides an earlier exit of humans from earth.

  37. Boat on Mon, 12th Mar 2018 10:32 am 

    Dave

    Texas is up to 18 percent of it’s electricity from renewables. It was 2 percent in 2007. Coal use has dropped dramatically. If Texas was a country it would rank 10th in GDP.
    Humanity is not replacing FF. Only exceptional humans are.

  38. Boat on Mon, 12th Mar 2018 10:40 am 

    Dave

    You get lumped in with the “it’s gonna crash this year or next” from 5 years ago. That was the rhetoric here at peakoil.com. When you Johnny come lately folks come in with the same o’l shyt, you get rebutted in much the same way.
    No crash impending soon and greener types of energy are on the March and growing for good reason.

  39. GregT on Mon, 12th Mar 2018 11:02 am 

    Boat,

    “If Texas was a country it would rank 10th in GDP.”

    If Texas stopped burning fossil fuels, it wouldn’t have a GDP. As per usual, you aren’t making any sense.

  40. GregT on Mon, 12th Mar 2018 11:46 am 

    Boat,

    TEXAS

    State Profile and Energy Estimates

    Overview

    “Texas leads the nation in energy production, primarily from crude oil and natural gas, providing more than one-fifth of U.S. domestically-produced energy.”

    Petroleum

    “Texas leads the nation in crude oil reserves and production. The state has more than one-third of all U.S. crude oil proved reserves.25 More than one-fourth of the nation’s 100 largest oil fields by reserves are in Texas, mostly in the Permian Basin of West Texas and in the south-central part of the state.26 Texas produces more than one-third of the nation’s crude oil, more than any other state and even exceeding that of all the federal offshore producing areas.”

    “Texas also leads the nation in total petroleum consumption, and, in 2015, it ranked fifth in per capita petroleum consumption as well.”

    Natural gas

    “One-fourth of the nation’s proved natural gas reserves are located in Texas.
    Texas holds one-fourth of the nation’s proved natural gas reserves and almost one-third of the 100 largest natural gas fields are located, in whole or in part, in the state.”

    “Texas leads the nation in natural gas consumption, accounting for about one-seventh of the U.S. total.”

    Coal

    “Texas is the seventh-largest coal producer and the largest lignite producer in the nation.”

    “Texas is the largest coal-consuming state, and its emissions of carbon dioxide and sulfur dioxide, mostly from electricity generation, are the highest in the nation”

    Electricity

    “Texas generates more electricity than any other state, almost twice as much as the second-highest electricity-producing state.
    Texas produces more electricity than any other state, generating almost twice as much as Florida, the second-highest electricity-producing state.”

    “Texas is the largest electricity consumer among the states, and both electricity demand and power supply have been increasing.”

    https://www.eia.gov/state/analysis.php?sid=TX

  41. MASTERMIND on Mon, 12th Mar 2018 2:05 pm 

    The US cannot compete in the global economy. It’s a fake economy.
    https://imgur.com/a/OB1w6

  42. fmr-paultard on Mon, 12th Mar 2018 2:15 pm 

    ^mm^ charlottville was huge. It was like 1000…man, the bigger the crowd of nazis the better. if you go to wiki it says 50.

  43. fmr-paultard on Mon, 12th Mar 2018 2:19 pm 

    ^mm^ the ak is a good platform for close range engagement.

    https://www.youtube.com/watch?v=qukk9sS4QYc

  44. fmr-paultard on Mon, 12th Mar 2018 2:30 pm 

    actually rifles are overkill ban them all!

    https://www.youtube.com/watch?v=pOCuegVxrpc

  45. Cloggie on Mon, 12th Mar 2018 2:44 pm 

    “Humanity is not replacing FF. Only exceptional humans are.”

    Thanks boat, I appreciate your warm words.

    https://en.wikipedia.org/wiki/Energy_policy_of_the_European_Union

  46. Cloggie on Mon, 12th Mar 2018 2:49 pm 

    “^mm^ charlottville was huge. It was like 1000…man, the bigger the crowd of nazis the better. if you go to wiki it says 50”

    Wikipedia is run by a Jimmy Wales, who is definately not from Wales.

    https://youtu.be/rrm_JAnVKzI

    Definately much more than 50.

  47. Dave Thompson on Mon, 12th Mar 2018 3:10 pm 

    Boat, Green energy world wide solar and wind in particular account for less than 2% of electricity production.

    Boat you say “Dave You get lumped in with the “it’s gonna crash this year or next” from 5 years ago. That was the rhetoric here at peakoil.com.”
    I am not making any such statement. I have posted on this forum for at least eight yeas by the way. The best answer I have gotten for my question was today. From Simon,
    “That is not true, you are ignoring the fact that the total consumption of power is growing, in effect if we did not have alts, that energy would come from burning even more FF.”
    However Simon ignores the fact that solar and wind are always put in the context of being used to replace FF use to cut down CO2 emissions.

  48. fmr-paultard on Mon, 12th Mar 2018 3:33 pm 

    eurotard, i’d say about 500. still too few and not very tempting so I’d ignore it.

    I’m only interested in larger crowd of nazi’s *wink*

  49. Boat on Mon, 12th Mar 2018 3:36 pm 

    Dave

    Wind and solar are over 50 percent of new production and along with Nat gas have taken back big chunk out of coal in the developed world. Not the third and developing world. Countries make their own choices. Simon was correct because coal is the dirtiest of the FF group and world wide has lost market share.

  50. Boat on Mon, 12th Mar 2018 3:55 pm 

    The pink pussyhat March on Washington to protest the Cheeto was 500,000 thousand. The Nazi have a ways to go. Lol

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