Our Climate News story this week looks at why Latin America is suddenly a hotbed of solar growth. Travis Hoium writing for The Motley Fool reports, quote:
“If you’re a company looking to grow in the solar industry you have to have an eye on Latin America. It’s sunny, energy prices are high, and countries are desperate for investment in new energy infrastructure.”
He goes on to explain:
“That’s a perfect combination of factors for the solar industry and it’s why some of the industry’s largest players see Latin America as a key to the industry’s future. Interestingly, solar energy’s growth won’t be dampened by low oil or coal prices because those energy sources supplied just 14% and 6% of electricity according to a 2010 report from The World Bank. Instead, it’s hydro power that supplies most of the region’s energy and it’s under pressure from environmental groups because of its impact on Latin America’s ecosystem. As a result, countries are turning to solar energy for new electricity production and the boom is just getting started.”
We look at this story and more on this week’s Climate Stew. Oh, and we consider Pets of the Future!