Lord Adair Turner is the chair of the Energy Transitions Commission, which aims to map out pathways for the world to shift to low-carbon energy while still enabling economic development. He is a former director-general of the CBI and former head of the Financial Services Authority before its abolition in 2013. He was also the first chairman of the Committee on Climate Change. He says progress on renewable electricity has gone far faster than most of us anticipated back in 2007. Since then the cost of nuclear has not gone down, the cost of CCS has not come down, and the cost of wind and solar has come down something like 70 and 90 per cent. So that then raises the real potential that we could actually decarbonise electricity supply with a close to 100 per cent renewable system. The realisation that is possible is one of the most transformational things that has occurred.
Business Green 2nd Nov 2017 read more »