FAQs about Solar Energy

10. What are the risks that threaten solar energy?

The appetite for fossil fuels continues alive, as evidenced by the unstoppable search for new oil fields and the enthusiasm of the “favored” countries when a finding occurs in their territories, as reflected in the continuous news. Among the risks that threaten solar energy, and other sources of clean energy, is the incessant discovery of huge conventional hydrocarbon deposits. A separate chapter deserves the fracking, technology through which is being extracted unconventional gas and oil, located in shale beds several kilometers deep. Nearly fifty countries have them. Some of these nations have never been oil or gas producers but may be tempted to join the club of hydrocarbon-producing countries to achieve their energy independence.

It is also worth mentioning countries with large reserves of coal, oil and natural gas. To all this is added the lifting of the prohibitions to exploit deposits located in sanctuaries protecting the environment. The administration of Donald Trump “plans to open a large ocean surface to marine exploration and, for the first time in 40 years, allow drilling in the Arctic National Wildlife Refuge (…) with some 11.8 billion barrels of technically recoverable oil ” It is not difficult to foresee a significant drop in oil and gas prices, putting the competitive capacity of the solar panel industry at risk, in addition to the commitments acquired through the Paris Agreement. By 2020 we will know who is willing to put a lock on their hydrocarbon deposits that lie low in their soils.

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