UBS Lays Out “Dream” Solar Scenario: 50% Of Global Generation By 2050
Early this week we ran a report on the latest UBS analysis, which suggested that solar could displace both coal and nuclear energy as the world’s “default” source of power and could account for one quarter of global capacity and 10 per cent of output by 2050.
It turns out, however, that this was the investment’s bank’s “middle scenario”. In keeping with the global trend of underestimating solar, UBS concedes that this forecast could prove conservative.
Jonathan Potts