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Solar's big heyday may be just three years away as the unsubsidized cost of panels plus storage is set to become cheaper than retail power supply in several large markets, Bernstein said.
"The math would work in: Australia, Japan and Spain. Brazil and parts of California will become economic shortly thereafter," Bernstein said in a note last week. "At that point, solar without subsidy and without kid-glove regulatory treatment, would - if combined with energy storage solutions - be capable of supplying electricity ('on' and 'off')."
It expects solar will reach a cost below $0.40 a watt by 2018, leading to a combined cost of the solar-plus-battery electricity supply of $0.24 a kilowatt hour on an unsubsidized basis in select markets, including Australia, where residential retail power averages $0.26 a kilowatt hour.
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This is the beginning of the end.
The race for renewable energy has passed a turning point. The world is now adding more capacity for renewable power each year than coal, natural gas, and oil combined. And there's no going back.
The shift occurred in 2013, when the world added 143 gigawatts of renewable electricity capacity, compared with 141 gigawatts in new plants that burn fossil fuels, according to an analysis presented Tuesday at the Bloomberg New Energy Finance annual summit in New York. The shift will continue to accelerate, and by 2030 more than four times as much renewable capacity will be added.
"The electricity system is shifting to clean,'' Michael Liebreich, founder of BNEF, said in his keynote address. "Despite the change in oil and gas prices there is going to be a substantial buildout of renewable energy that is likely to be an order of magnitude larger than the buildout of coal and gas."
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The creation of the world’s largest marine reserve in the Pitcairn Islands represents a missed opportunity for Bermuda to blaze the trail in ocean conservation.
This is the view of Chris Flook who, in his former role as a consultant for the Pew Foundation, worked with Government to create such a reserve in Bermuda in 2013.
The reserve in Pitcairn designated by the UK Government this month has been praised by the Pew Charitable Trusts as well as the National Geographic Society, who joined with local elected body the Pitcairn Island Council in submitting a proposal calling for the reserve.
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Good Samaritan laws offer legal protection to people who give reasonable assistance to those who are injured, ill, in peril, or otherwise incapacitated. Simply put, it offers legal protection to good samaritans. Most developed countries have this legislation in place, in one form of another, but Bermuda does not. The first Good Samaritan Act for Bermuda will go before Parliament for approval this May.
Why does Bermuda need a Good Samaritan Act?
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On Tuesdays a propeller aircraft can take passengers from the island of Tahiti in French Polynesia to Mangareva, Tahiti's French Polynesian neighbour, and the largest island in the Gambier Islands chain.
A short ferry journey from the Mangreva's airport takes passengers to Rikitea village where, if timed correctly, the MV Claymore II, a 160-foot passenger and cargo ship, will be waiting. 8 times a year she takes 12 passengers (and cargo) on the 32-hour, 200-mile journey to Pitcairn Island.
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