New modelling shows that Europe could reach climate neutrality before 2050 through a 100% renewable energy scenario which would also see solar technology generate 60% of the European Union’s electricity by the middle of the century. The findings of the new modelling were revealed in a new report published by European solar energy trade body SolarPower Europe and Finland’s LUT University. The report is described as “the first of its kind to model a fully renewable pathway to achieving climate neutrality for the European energy system” and presents three separate transition pathways with varying levels of ambition. The modelled 100% renewables scenario would result in lower per unit energy costs which show that achieving climate neutrality by 2050 is more cost-effective compared to lower levels of ambition, with cumulative costs of achieving a 100% renewable energy system by 2050 working out as 6% lower than the cost of inadequate action resulting in only 62% renewable generation.
Renew Economy 20th April 2020 read more »