Creation and Shaping of the Global Solar Photovoltaic (PV) Market

Abstract

Purpose

This chapter seeks to place the Paris agreement on anthropogenic greenhouse gases (COP21) in a wider picture on how the global solar photovoltaic (PV) market has been created and shaped over decades. The chapter discusses the role of solar PV actors, as well as other actors in the market-shaping process. The aim is to show how the COP21 can be interpreted in a wider historical perspective.

Design/methodology/approach

The chapter builds on expert interviews conducted after the COP21, as well as secondary data on historical studies on evolution of solar energy markets in various countries.

Findings

Although scientists and entrepreneurs have been important in creating and shaping the global solar PV market, it is noted that other actors have also had an influence on the market development. Particularly, politicians are seen as playing a crucial role through legislation and funding. Unfortunately for the solar PV market, support has fluctuated over time. The COP21 provides a clear pathway for positive support, and it is expected to bind governments for pro-solar politics even during low prices of fossil fuels and economic downturn.

Practical implications

The chapter provides an overview of what has happened in the history of global solar PV market. It gives reasoning as to why the COP21 is important in securing support for the solar PV market. Thus, it can provide reasoning as to why the COP21 can make a difference.

Originality/value

This is the first academic study that portrays the COP21 against historical evolution of the global solar PV market.

Citation

Kaartemo, V. (2016), "Creation and Shaping of the Global Solar Photovoltaic (PV) Market", Climate Change and the 2030 Corporate Agenda for Sustainable Development (Advances in Sustainability and Environmental Justice, Vol. 19), Emerald Group Publishing Limited, Leeds, pp. 227-247. https://doi.org/10.1108/S2051-503020160000019011