World's sustainable future is uncertain

Solar industry competition is at a record high with global solar energy capacity more than quadrupling in 2010 and overall global renewable energy spending projected to more than double by 2030, according to IEEE. But the future of renewable energy remains uncertain.

The nature of the global solar energy market has led to effective and rapid deployment in some countries, but the industry lags behind in others. While solar energy-related manufacturing and distribution is inherently localized, collaboration needs to happen globally for the world to effectively work towards a sustainable future, according to IEEE.

"Countries like Germany, US and China already have very good technical standards in place that support the growth of the solar market. They are also among the countries with the biggest investments to foster a rapid adoption and market penetration both among the business and household sectors. We need to share their experience with the rest of the world, especially with countries whose climate conditions are best suited for solar. Cooperation among all key market players, supported by international standards can definitely push this market to success," stated Dr. Karl Weber, IEEE Member and Principal Expert Smart Grid, TÜV Süd.

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