Tyler Cowen, Columnist

Solar's Bright Future Is Further Away Than It Seems

Yes, panels are cheaper, but much more R&D is needed for a true green energy breakthrough.

To be fair, 93 million miles is a long way.

Photographer: Michael Nagle/Bloomberg
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There is now a doctrine of what I call “solar triumphalism”: the price of panels has been falling exponentially, the technology makes good practical sense, and only a few further nudges are needed for solar to become a major energy source. Unfortunately, this view seems to be wrong. Solar energy could be a boon to mankind and the environment, but it’s going to need a lot more support and entrepreneurial and policy dynamism.

Varun Sivaram, in his forthcoming “Taming the Sun: Innovations to Harness Solar Energy and Power the Planet” lays out this case in what may be the first important policy book of 2018. To be clear, Sivaram, who holds a doctorate in physics, is a solar expert and an energy adviser -- he’s no enemy of alternative energy sources. He thinks government should increase its support for energy research and development, aiming at diverse pathways, applied at various stages of technology development, and targeting game-changing breakthroughs. In other words, we need to recognize the limitations of today’s solar power if we are going to make it really work.