A team of researchers led by Aarhus University and including experts from universities and knowledge institutions in the US, Europe, Japan and Australia has published an article in the prestigious scientific journal Joule confirming that the role of solar photovoltaic installations in future green energy systems ought to be significantly upgraded.
Solar photovoltaic technology has undergone dramatic development over the past 14 years causing the technology to be cheaper already today than has otherwise been assumed in the models that the UN Intergovernmental Panel on Climate Change (IPCC) uses for its 2050 scenarios.
“And there is good reason to believe that this development will continue. Intensive research is being conducted into photovoltaic technology, its integration into energy systems, as well as its synergy with other industries. Furthermore, innovative technologies are on the way that could further boost this development.
“Therefore, we’re looking at a future where energy from solar cells is even cheaper than today. This fact doesn’t harmonize with the models behind political decisions about energy investments,” says Assistant Professor Marta Victoria from the Department of Mechanical and Production Engineering at Aarhus University, who is the leading author of the article.
The article examines why the integrated assessment models and partial equilibrium models used by the IPCC to form the basis for climate reports typically underestimate the role of solar photovoltaic installations in the energy systems of the future.