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Article | March 23, 2020
The various impacts are occurring both now and into the future. Most changes don’t bode well for acting on climate change and transitioning to cleaner energy. Global carbon dioxide emissions are likely to drop this year, due to the global economy faltering. That’s not a silver lining to the novel coronavirus. It’s like a person who loses weight while sick. It’s a byproduct of a bad situation and by definition should and will not last. Indeed, since the Industrial Revolution, the world’s emissions have not gone down except briefly during economic crises. These incidents merely show how difficult it is to reduce emissions in an economically sustainable way.
The impacts of the coronavirus COVID-19 are being increasingly felt throughout the country, but the usual bills – including electricity bills – keep rolling in. There’s a lot that really sucks financially-speaking at the moment, but there are some bright spots. Here’s why now is a particularly good time to be considering going solar. But there’s a sure-fire way to get a great return on your cash and that is acquiring a good quality, professionally installed solar power system. Try our new solar calculator – the estimated payback and returns might make your eyes pop. For example, the following are estimated simple payback periods and savings over ten years for a 6.6kW solar system costing $6,600 installed in the various capitals; using the calculator’s default settings:
Both renewable power projects and conventional energy operations have felt the constriction of global supply chains, which are currently being limited in a global effort to fight and contain the spread of the virus. Many manufacturers of wind turbines and their critical components are based in Asia, such as Goldwind in China, as well as producers of photovoltaic panels and batteries (particularly lithium). Market reticence about bringing in products from affected areas has seen significant constriction in the importation of these materials and parts - the price of batteries has dropped by 60%, owing to the industry’s concentration in Asia.
Human pollution such as burning fossil fuels has been causing global environmental change for decades. Climate change impacts leave us no time to hesitate before taking urgent actions towards a more sustainable life. Going solar can be one of these actions. Luckily, scientists all over the world work on new materials that are going to make solar panels cheaper and more efficient. Australian and Chinese engineers experiment with a crystalline structure perovskite. Though being rather promising, this material is also very fragile. That is why it is planned to be used in tandem with silicon panels, which are more durable.
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