The invention of the solar panel epitomizes the power of human ingenuity. With a recent contract for solar power in Chile awarded for less than $0.03 per kilowatt hour, Bloomberg New Energy Finance chair Michael Liebriech says, “Solar power delivers cheapest unsubsidized electricity ever, anywhere, by any technology.” By harnessing the strongest energy producer known to the world at an affordable price, low-carbon energy technology represents a new paradigm for electricity consumption.
But as cheap as solar has gotten, the global challenge of climate change cannot be solved by solar alone. A full solution requires multiple industries waking up to the reality that inventions like the solar panel are heralding a new era of market potential and employment opportunity.
Any aspiring entrepreneur who questions the possibility for large-scale and sweeping innovations to tackle a global challenge has history to look to as a proof. In the same way that our national domestic mobilization helped secure victory in World War II, we must marshal our resources to confront global climate change today.
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