There’s fresh evidence that the SunShot Initiative, despite being virtually ignored by a mainstream media more interested in faux scandals like Solyndra, might be the most important thing the Obama administration is doing to hasten the U.S. transition away from fossil fuels.
According to new research, if the program hits its goal of bringing the price of solar power down to the level of conventional power by the end of this decade – that would be a 75 percent drop from 2010 to 2020 – solar could provide more than a third of the North American West’s electricity by 2050. All this while hitting aggressive greenhouse-gas emissions goals and trimming annual electricity costs by $20 billion compared to the scenario now considered likely.
“Given strategic long-term planning and research and policy support, the increase in electricity costs can be contained as we reduce emissions,” study leader Dan Kammen, distinguished professor of energy in UC Berkeley’s Energy and Resources Group, said in a statement. “Saving the planet may be possible at only a modest cost.”
SunShot is pumping resources into a wide range of research efforts aimed at chiseling away at the cost of solar, from boosting panel efficiency to driving down “soft cost” to nurturing startups that are pursuing technological breakthroughs. You might say it’s a hefty sum of money going into SunShot at around $300 million a year, although that amounts to 0.2 percent of what the U.S. has annually spent on its post-9/11 wars in the past ten years.
The key tool in the Kammen scenario is a high-resolution electricity system planning model called Switch, which was used to test scenarios for hitting the coal of limiting carbon emssions to 80 percent below 1990 levels by 2050. From the study’s abstract: