Interesting statistic for the day. The earth will need 30 terawatts of power by the year 2050. Which is actually nothing much since the sun gives us 120,000 terawatts of power. So, if we use just 1% of our land area to generate solar power at reasonable efficiency, we can get all out power needs from the sun.
My bet is this will happen to a reasonable extent, with India’s current massive thrust on Solar energy being a significant trigger. And if we do, the world will move to a long term trend of practically zero incremental cost for energy. (And Solar is not the only energy game where this seems to be happening).
Imagine a future in which practically all activities we do – from taking a flight to washing clothes to growing food – will have very little cost. It will be a different world.