Last year, Bill Gates noted in an interview with Alan Murray of the Wall Street Journal that technologies like solar photovoltaics and LED lights were "cute" but could never deal with the bigger issue of climate change and powering the developing world.
And, this week, writer Marc Gunther wrote in his postthat "Germany, once the world's leading market for solar power, is pulling back its subsidies. Q Cells, once the world's largest solar company, just went bankrupt.' This isn't happy news."
So, I am writing to point out three things:
1. The solar industry is growing and is significant, but is not going to solve all the ills of carbon;
2. Mistakes are a blessing; and
3. Theory is theory, not a solution
1. Solar Growth: First, let me make note that I, and others, have just spent the last decade in solar creating the solar services industry which, according to the 2011 National Solar Jobs Census published by the Solar Foundation, grew 6.8 percent between 2010 and 2011.
Plus, the solar industry installed $90 billion of equipment last year. That's double the amount of equipment that was installed for the new coal industry.
And, GTM research and Solar Energy Industries Association (SEIA), issued a report that the showed that U.S. installed 1,855 MW (or 1.86 GW) of solar in 2011 and is expected to install a full gigawatt more than that in 2012: 2.8 GW.
GTM Research and SEIA estimate the U.S. solar market's total value surpassed $8.4 billion in 2011.
So, solar is winning and growing. But, no one is saying it is the only solution -- just a compelling piece of the puzzle.
In fact, there is no silver bullet. We must find efficiencies and new solutions in solving the carbon issue in several areas: transport, agriculture, energy, forestry, industry, buildings and waste.
However, when we think about carbon, most of us tend to think of two areas: transportation and electricity. While Bill Gates might label solar and LED lighting as "cute," the numbers seem to suggest otherwise. Both are billion-dollar industries and together with hundreds of other solutions will help reach the $5+ trillion in new investments necessary to make an impact by 2020.
Remember, we did not get to this point with one major offender, and we will not solve our ills with one major solution. More
