Technologies to harness the power of water are touted as crucial for a low-emissions future. But over many decades, the hydropower industry has caused serious damage to the environment and people’s lives.
In 2050, 335 million people in Indonesia will enjoy a high standard of living, in an industrialised country that uses no fossil fuels. Instead, nearly all energy will come from solar panels. Transport, heating and industry will be fully electrified.
Chinese banks have already swung into gear. Three days after Xi’s speech, the Bank of China declared it would no longer provide financing for new coal mining and power projects outside China from the last quarter of 2021.
In recent years, solar installations have been getting bigger and more powerful. While 5kW systems used to dominate the residential market, the average size of a solar installation in 2021 is now 6.6kW, which is generally considered the “sweet spot” for most Australians. However, there are reasons why this might be changing.