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How Solar Energy Became Cheap: A Model for Low-Carbon Innovation 1st Edition

by Gregory F. Nemet (Author)
3.8 3.8 out of 5 stars 15 ratings
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Solar energy is a substantial global industry, one that has generated trade disputes among superpowers, threatened the solvency of large energy companies, and prompted serious reconsideration of electric utility regulation rooted in the 1930s. One of the biggest payoffs from solar’s success is not the clean inexpensive electricity it can produce, but the lessons it provides for innovation in other technologies needed to address climate change.

Despite the large literature on solar, including analyses of increasingly detailed datasets, the question as to how solar became inexpensive and why it took so long still remains unanswered. Drawing on developments in the US, Japan, Germany, Australia, and China, this book provides a truly comprehensive and international explanation for how solar has become inexpensive. Understanding the reasons for solar’s success enables us to take full advantage of solar’s potential. It can also teach us how to support other low-carbon technologies with analogous properties, including small modular nuclear reactors and direct air capture. However, the urgency of addressing climate change means that a key challenge in applying the solar model is in finding ways to speed up innovation. Offering suggestions and policy recommendations for accelerated innovation is another key contribution of this book.

This book will be of great interest to students and scholars of energy technology and innovation, climate change and energy analysis and policy, as well as practitioners and policymakers working in the existing and emerging energy industries.

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  1. ISBN-10
    0367136597
  2. ISBN-13
    978-0367136598
  3. Edition
    1st
  4. Publication date
    May 31, 2019
  5. Language
    English
  6. Dimensions
    6.14 x 0.59 x 9.21 inches
  7. Print length
    238 pages
  8. See all details
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Editorial Reviews

Review

"The only way to save our planet and protect the climate is a global 100% renewable energy system, and solar energy will be the key component. In this book, Gregory F. Nemet traces the path of solar PV from its beginnings with impressive detail and insight to show that effective climate protection is within reach." -- Hans-Josef Fell, Energy Watch Group, Germany

"How Solar Energy Became Cheap provides a comprehensive overview of the long pathway that PV took from a scientific idea to the world’s most inexpensive form of electricity. It shows the central role China has played as well as the international linkages that have been so crucial, and it provides much needed guidance for how we can use the lessons of solar to accelerate innovation in the other climate technologies we will need." -- Peng Zhou, China University of Petroleum, China

"Gregory F. Nemet has written a comprehensive and engaging treatise answering a crucial question―how did solar energy get so cheap? For decades, solar energy was a fringe energy source, but a confluence of public policies and private entrepreneurship in a few pioneer countries led solar to become the cheapest, fastest-growing energy source on Earth. Nemet's book provides a theoretically coherent explanation for this phenomenon and distils lessons that other technologies essential for combating climate change will need to follow. The book is peppered with fascinating anecdotes and backed by an impressive breadth of original research." - Varun Sivaram, Chief Technology Officer, ReNew Power, India

About the Author

Gregory F. Nemet is Professor at the University of Wisconsin–Madison in the La Follette School of Public Affairs, USA.

Product details

  • Publisher ‏ : ‎ Routledge; 1st edition (May 31, 2019)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 238 pages
  • ISBN-10 ‏ : ‎ 0367136597
  • ISBN-13 ‏ : ‎ 978-0367136598
  • Item Weight ‏ : ‎ 1.21 pounds
  • Dimensions ‏ : ‎ 6.14 x 0.59 x 9.21 inches
  • Customer Reviews:
    3.8 3.8 out of 5 stars 15 ratings

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Gregory F. Nemet

Gregory F. Nemet

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Customer reviews

3.8 out of 5 stars
3.8 out of 5
15 global ratings

Top reviews from the United States

Bill Nussey
5.0 out of 5 stars The best book on the amazing history of the solar industry
Reviewed in the United States on February 1, 2020
Verified Purchase
If you want to understand how solar transformed itself from powering satellites to a $100 billion industry that is reinventing the world's grids, this is the book to read. While the book gets a little academic at points, the stories, first-person interviews, and the economic and policy analysis have never been covered this thoroughly that I'm aware of. Anyone new to the solar industry or considering joining it needs to read this. I'm recommending it to everyone I know in the business.
2 people found this helpful
Helpful
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Roberto Ushisima
4.0 out of 5 stars Understanding the "new king"
Reviewed in the United States on October 20, 2020
Verified Purchase
In 2020 International Energy Agency (IEA) has declared that solar is the “new king” of power market and that it “offers the cheapest electricity in history”. IEA has been underestimating solar photovoltaics (PV) on the last few years and it is a big change of step these new declarations. Solar had a very rough way until reaching this stage of development and Nemet’s book tells the story of solar PV from Eistein to US$ 18/MWh, which was already unbelievably cheap in 2018. So, now we know that solar is cheap, contrary to expectations as recent as 2010, and this book shows how it happened. Thinking in the long term, lessons from solar PV can pave the way to make climate technologies more affordable and help environmental issues to a point that it is more about Economics than Environment, which is the case for solar nowadays.
One person found this helpful
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Top reviews from other countries

B. Probst
5.0 out of 5 stars Great and in-depth history of solar
Reviewed in Germany on December 20, 2023
Verified Purchase
Nemet traces the history of solar across several countries. Great read and comprehensive picture of the last decades
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