Most of the solar projects that have been implemented thus far have been based on some broader metric than simply considering the market prices alone; with the rare exception that infrastructure requirements and prohibitions that can actually make solar power cheaper than the alternatives in remote locations and specific applications. There have also been many research efforts that attempt to identify all of the different value added benefits gained from solar power that a community could expect to reap from a diversified energy portfolio in the long run (Makridis, 2011)
The scale of this industry in China will make this one of the key factors in developing a global market for solar power, as well as in regards to the sustainable development of the world's future power production technologies in general. Still, it should also be noted that China is also the world's largest carbon emitter, it burns more coal than any other nation, and its solar capacity is only a small fraction of its total energy portfolio in total (Martin, 2016)
S., according to an analysis by Bloomberg New Energy Finance (BNEF) (Randall, 2015)
Because of increased competition, OPEC has tried to stifle the growth of its competitors by increasing production and lower the global energy price. However, Saudi Arabia has more access to capital that everybody else in OPEC and it plans to continue with its long-term plan to undermine rivals and secure its market share (Raval & Kerr, 2015)
There has been an exponential intensification in the use of energy as society has continued to grow and industrialize as well as the associated greenhouse gas emissions that have been produced by the burning of fossil fuel sources. The world population recently climbed to over seven billion people and is predicted to climb to roughly nine billion people by mid-century which represents an even greater number of people who will also desire the lifestyles associated with industrialization (Roberts, 2011)