Solar power expected to dominate electricity generation by 2050—even without more ambitious climate policies::In pursuit of the ambitious goal of reaching net-zero emissions, nations worldwide must expand their use of clean energy sources. In the case of solar energy, this change may already be upon us.
Solar as it is today exists because the Germans put a shit ton of R&D funds into it, and because the Chinese used state-funds to built an industry, and now it’s a competitive industry that will take over the energy market. People sometimes think you have to wait for the technology to develop. That’s usually not the case though, governments invest and make it happen. If you wait nothing happens.
Most of the technologies we benefit from today have been either entirely funded by some government or at least partially funded by them.
There are exceptions, but I mean… I’d argue vaccines and the internet are more important than double-sided tape and a VCR for sure.