Solar. Thursday , February 15th , 2018 - 14:36:55 PM
The Earth receives 174 petawatts (PW) of incoming solar radiation (insolation) at the upper atmosphere. Approximately 30% is reflected back to space while the rest is absorbed by clouds, oceans and land masses. The spectrum of solar light at the Earth 's surface is mostly spread across the visible and near-infrared ranges with a small part in the near-ultraviolet. 6 Most of the world 's population live in areas with insolation levels of 150–300 watts/m², or 3.5–7.0 kWh/m² per day. citation needed
The large magnitude of solar energy available makes it a highly appealing source of electricity. The United Nations Development Programme in its 2000 World Energy Assessment found that the annual potential of solar energy was 1,575–49,837 exajoules (EJ). This is several times larger than the total world energy consumption, which was 559.8 EJ in 2012.
In 2011, the International Energy Agency said that "the development of affordable, inexhaustible and clean solar energy technologies will have huge longer-term benefits. It will increase countries’ energy security through reliance on an indigenous, inexhaustible and mostly import-independent resource, enhance sustainability, reduce pollution, lower the costs of mitigating global warming, and keep fossil fuel prices lower than otherwise. These advantages are global. Hence the additional costs of the incentives for early deployment should be considered learning investments; they must be wisely spent and need to be widely shared".