A giant breakthrough report came today from Greenpeace global that states that renewable energy could provide 100% of the world’s electricity by 2050.
Greenpeace also addressed criticism that’s its predictions were made with rose-tinted glasses. The predications are taken into consideration by many different outlets, and have been produced by the worldwide Energy Agency, Goldman Sachs and the U.S. Department of Energy. According to a statement, the report shows “for the first time” advanced scenario with 100 percent renewable energy supply.
The full 364-page report is available here (PDF), but there are some key takeaways that are worth pointing out here. Germany, for instance, has set an example of how renewable energy can be a profitable alternative to fossil fuels. But these forecasts have been rewarded, with the growth of renewable energy the world over surpassing all expectation.
The report contains updates of previous Energy [R]evolution scenarios as well.
The world’s leading developing nations are spending up to $200bn a year subsidising fossil fuels, according to a report from the OECD.
There would have to be a huge increase in building efficiency and in the use of smart meters, so that demand could be dialled down when needed.
Renewables based electricity generation is a no-brainer – wind, solar, wave, hydro and geothermal. However, this is offset when you consider the already-visible increasing costs of conventional fuels.
Britain could produce more than 80 percent of its electricity from wind, solar and tidal power in fifteen years if the country’s leadership follows guidelines set out in a new report commissioned by Greenpeace. It is very likely that they will overtake the coal industry in terms of jobs and energy supplied within the next decade.
“Every dollar invested in new fossil fuel projects is high risk capital which might end up as stranded investment”. Maryland will give homeowners up to $500 toward installation of a solar hot water heater and up to $1,000 for photovoltaic panels, provided the products meet certain specifications. Because renewables don’t require fuel, the savings over the same period would be $1.07 trillion a year, which more than covers the costs of the required investment.
Although resolving the issue of carbon dioxide emissions from the energy industry alone would not suffice to solve climate change, it remains the biggest challenge of all and is therefore wont to be the primary focus of countries meeting at the Paris summit.
Greenpeace’s Energy [R]evolution scenario 2015 phases out coal, oil, gas and nuclear energy as fast as technically and economically possible, by expanding the renewable energy share to 42 per cent in 2030, 72 per cent in 2040 and 100 per cent in 2050.
As Egypt’s gas exports declined by an annual average of three percent from 2009 to 2013, experts say that the government should step up investments in wind energy and solar power. “The question the politicians in Paris need to answer is: Will they help make it happen in time to save the climate?”
They said that lobbying shouldn’t be allowed to stand in the way of changing to renewable energy, the fairest & most effective way of delivering a clean & safe future for energy.
It needs to be done and it will benefit everyone when it is done.