Today,
In their annual New Lens Perspectives report, the oil giant lays out a scenario where
Here's the summary:
First, things go kind of haywire for more "traditional" fuel forms:
- Oil prices keep rising and remain unstable thanks to global growth and lingering geopolitical tensions
- Fracking doesn't fully pan out
- Governments stop paying for expensive nuclear plants
This paves the way for solar to get the inside track:
- Public pressure increases for governments to boost incentives
- Household appliances start adapting to solar inputs
- Technology for storing solar energy in hydrogen cells improves
- Because solar has an easier time breaking through into nascent electricity grids, developing nations lead the way, ultimately providing 60% of all solar generation
Whoa.