Economics

Capitalism Can Survive Cutting Carbon

Plunging prices for solar power make it pretty painless.

Riding to the rescue.

Photographer: Simon Dawson/Bloomberg

It has been a source of enormous pleasure for me during the past five years to see the solar power skeptics proven wrong. Back in 2010, I almost never saw articles about solar's potential to replace fossil fuels as our primary energy source. Then, in early 2011, futurist Ramez Naam posted one of the most important articles in recent history. The post, titled "Smaller, cheaper, faster: Does Moore's law apply to solar cells?", demonstrated how solar power prices had been declining exponentially at a steady clip for decades. 

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