Imagine a world where 85% of all electricity comes from renewable sources, there are over one billion electric vehicles on the road, and we are on track to preserve a livable climate for our children and future generations. The International Renewable Energy Agency (IRENA) reported this week that such a future is not merely possible by 2050, but thanks to plummeting prices in key clean energy technologies, the cost of saving the climate has dropped dramatically. In fact, according to IRENA’s new report, the most cost-effective strategy to achieve a “climate-safe future” — keeping global warming below 2 degrees Celsius (3.6 degrees Fahrenheit) — is an accelerated energy transition to renewables and energy efficiency coupled with electrification of key sectors like transportation. This Renewable Energy Roadmap (REmap) scenario “would also save the global economy up to USD 160 trillion cumulatively over the next 30 years in avoided health costs, energy subsidies and climate damages.”
Think Progress (accessed) 12th June 2019 read more »
Increasing renewable energy capacity such as offshore wind would serve as an insurance policy against a possible ‘nuclear gap’ in Britain’s low-carbon power pipeline, a report finds. The report, Cracks in the System, by the Energy and Climate Intelligence Unit (ECIU) examined the effects of the UK’s existing nuclear power stations closing earlier than government expects. It found that this would exacerbate the problems caused by cancelling new nuclear stations. And it concluded that expanding renewable energy capacity, either through increasing development of offshore wind, or via a combination of on- and offshore wind and solar, would fill the gap more cheaply than expanding gas generation, an option that would in any case bust legally binding carbon targets.
Offshore Wind Journal 12th June 2019 read more »