Saturday, June 19, 2021

Why Did the Press Get Solar So Wrong?

As I have remarked before, techno-hype seems to periodically go boom and bust--and we are living in a moment of bust as recent expectations surrounding carbon nanotube-base chips, self-driving vehicles, virtual reality, and much else come to naught. Yet looking at the expectations that proved exaggerated I also find myself noting the less publicized technologies that progressed rather more rapidly than the purveyors of hype expected, with renewable energy, and especially photovoltaic solar, the outstanding example--to the point that the fossil fuel and nuclear sectors may now have trillions of dollars in "stranded" investment on their hands.

Why did the press get solar so wrong? It seems to me there are three reasons.

1. Solar energy represents a solution to a major problem. The press trafficks in fear, not hope. This actually gives it a reason to belittle anything that would be a solution--and of course, believe and repeat any belittling thing that is said about them, of which there has been no shortage, and which has by no means all been a function of thoughtful analysis.

2. As a disruptive technology up against sustaining technologies (a lot of interests feared and hated the thought of an energy transition) solar faced a profound PR battle, compounded by the ecological, political, and even "culture war" implications of the associated choices. (Bluntly put, there was a lot of investment, far beyond Big Oil, in a fossil fuel-powered economy; a lot of hostility to any notion of government shifting its weight from subsidizing fossil fuels to trying to accelerate an energy transition, a prospect the more plausible if renewable energy looked promising; and in general a lot of enmity toward the idea that the prerogatives of business might have to be compromised for the environment's sake.) Naturally there were plenty of people who did everything they could for a very long time to persuade the public that solar power was just a flaky hippie fantasy, and tough-minded, practical people had better keep their minds on good old king coal instead--and never mind that global warming stuff they were hearing about. And they were the kind of people to which the press was inclined to listen. They treat Goldman Sachs with far more respect than Greenpeace, after all--but it was Goldman Sachs which turned out to be wrong.

3. Last, and perhaps least, is the fact that solar, hugely consequential as it is in technical, commercial and ecological terms, is simply not that exciting from the standpoint of the gadget-happy consumer. When it comes to personal, immediate experience, utility-scale solar (and it is this which has smashed the records--not the domestic kind that can mean never paying an electric bill again) still delivers electricity the same way as fossil fuels or nuclear or anything else. People flick the switch and the lights come on, with the actual cause of their coming on far away and unseen. There is thus not much for the purveyors of gadget hype to get all excited about the way they did over the Segway scooter (I still remember when they were telling us this would "change the world!") or virtual assistants. And so this could not and did not offset factors 1 and 2.

All the same, solar has arrived. And if you've been looking for good news about the climate crisis, well, here it is--the best hope yet that we can actually do something about the problem. Hopefully it won't be the last piece of such news.

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