Global solar dominance in sight as science trumps fossil fuels
Solar power will slowly squeeze the revenues of petro-rentier regimes in Russia, Venezuela and Saudi Arabia. They will have to find a new business model, or fade into decline.
Ambrose Evans-Pritchard 9 Apr 2014
An estimated 1.2 billion people worldwide live without electricity. Many depend on kerosene lamps to light their homes—a fuel that has ill effects on health and is costly.
Solar power might seem the better alternative in sunny parts of the world, except the poor can’t afford the upfront cost of the equipment, which starts at around $50 for a modest rooftop system.