Guest Post: Despairing about climate change? These 4 charts on the unstoppable growth of solar may change your mind

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Andrew Blakers, Australian National University

Last year, the world built more new solar capacity than every other power source combined.

Solar is now growing much faster than any other energy technology in history. How fast? Fast enough to completely displace fossil fuels from the entire global economy before 2050.

The rise and rise of cheap solar is our best hope for rapidly mitigating climate change.

Total solar capacity tipped over 1 terawatt (1,000 gigawatts) for the first time last year. The sector is growing at around 20% a year. If this continues, we’ll hit 6 terawatts around 2031. In capacity terms, that would be larger than the combined total of coal, gas, nuclear and hydro.

Australian National University divests from 7 fossil fuel and mining companies

The Australian National University has announced divestment of $16 million in shares in seven Australian fossil fuel and mining companies.

The Council of the University has agreed to a proposal by Vice-Chancellor Professor Ian Young AO to divest following an independent review of equity investments under its Socially Responsible Investment Policy conducted by the Centre for Australian Ethical Research (CAER).

The companies the university will be divesting from are Iluka Resources, Independence Group, Newcrest Mining, Sandfire Resources, Oil Search, Santos and Sirius Resources. The investments amount to around 5.1 per cent of the University’s Australian equity holdings and approximately one per cent of its total investment holdings.