The sun could be the world’s largest source of electricity by 2050, ahead of fossil fuels, wind, hydro and nuclear, according to a pair of reports issued today by the International Energy Agency (IEA). The two IEA technology road maps show how solar photovoltaic (PV) systems could generate up to 16% of the world’s electricity by 2050 while solar thermal electricity (STE) from concentrating solar power (CSP) plants could provide an additional 11%. Combined, these solar technologies could prevent the emission of more than 6 billion tons of carbon dioxide per year by 2050 – that is more than all current energy-related CO2 emissions from the United States or almost all of the direct emissions from the transport sector worldwide today.
PV expands globally, with China being by far the leading country, followed by the United States. Over half of total capacity is situated at the final consumers’ place– whether households, shopping malls or industries. STE expands in very sunny areas with clear skies, becoming a major opportunity for Africa, India, the Middle East, and the United States.
International Energy Agency 2014