Study Quantifies for First Time Past and Future Country Cost Savings to Solar Industry from Globalized Supply Chains
The world will need to deploy renewable energy at an unprecedented speed and scale in the future to reduce carbon emissions that are driving climate change. The option of solar energy promises to play a crucial role in achieving a sustainable, low-carbon energy future, especially if the price of production continues to decline as it has over the last 40 years.
A new study published in Nature by a team of scientists including Gang He, assistant professor in the Department of Technology and Society in the College of Engineering and Applied Sciences at Stony Brook University, supports this concept. Findings from the paper reveal that the globalized supply chain of solar photovoltaics saved countries $67 billion in solar module production costs. The study also found that if strong nationalistic policies that limit the free flow of goods, talent and capital are implemented going forward, solar panel costs will be much higher by 2030.

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