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US President Donald Trump sure knows how to pick ’em. His “Energy Dominance” policy purposefully squeezes out wind and solar power while embracing practically everything else under the sun. Still, the killer combo of solar plus storage continues to dominate new capacity additions in the US, and a new analysis of overseas markets indicates that solar is putting the squeeze on fossil fuels, too, ultimately pushing US fossil energy producers out of the export market.
Solar Power Is More Economical From The Get-Go
A new report from the firm Ember provides fresh worry for US fossil energy producers hoping to lean on the export market to sustain themselves. Ember produced the report for the Climate Vulnerable Forum, a 74-member consortium long underserved by the global fossil economy. Combined, the 74 nations in CVF account for more than 20% of the world’s population but less than 5% of GDP and electricity demand.
“These nations represent three-quarters of the world’s population living on less than 1 MWh of electricity per capita,” Ember emphasizes.
