An interesting read on the growth opportunity in the clean energy space
An interesting read on the growth opportunity in the clean energy space. From the Washington Post: In the 1980s, leading consultants were skeptical about cellular phones. McKinsey & Company noted that the handsets were heavy, batteries didn't last long, coverage was patchy, and the cost per minute was exorbitant. It predicted that in 20 years the total market size would be about 900,000 units, and advised AT&T to pull out. McKinsey was wrong, of course. There were more than 100 million cellular phones in use in 2000; there are billions now. Costs have fallen so far that even the poor - all over world - can afford a cellular phone. The experts are saying the same about solar energy now. They note that after decades of development, solar power hardly supplies 1 percent of the world's energy needs. They say that solar is inefficient, too expensive to install, and unreliable, and will fail without government subsidies. They too are wrong. Solar will be as ubiquitous as cellular phones are. Full article here: (VIEW LINK)
Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.