The impact of solar power growth on silver because of the green revolution is meaningful. “Solar power has gone from virtually no silver use 25 years ago to about 120 million oz. a year now, and that’s going to continue to grow,” he said during the Vancouver resource Investment Conference on May 17.
He has seen many “overly optimistic expectations” of how fast the green revolution can come.
Christian cites the International Energy Agency (IEA), projecting that by 2050 the primary source of energy for humankind will still be oil. The second-largest will be natural gas. “And all renewables combined will have supplanted coal only after 2040 to be the third-largest,” he told the conference.
“The IEA and everybody else who’s sober knows that those governments have not lived up to their Paris Accord commitments, and really have no ability to live up to those. It’s an idealistic scenario. It’s just not there now,”…
