The Global New Energy Transition Is Next
Is The Global Energy Transition On Track?
Simon Flowers, October 12, 2018 (Forbes)
“…Renewable power and electrification of transport are the pillars of decarbonization…[Because of the sharp reductions in costs, wind and solar generation are] competitive with new build coal and gas…Renewables’ share of the global power market will triple by 2040 from its current level of 6%...The consumption side is slower, awaiting technological breakthrough. The lower battery costs needed for electric vehicles (EVs) to compete head on and displace internal combustion engine (IE) cars are some years away. These forces only start to have a significant impact on global carbon intensity in the 2030s…[which falls well short of the 2°C target…
…[New efforts are being launched to] clean air in cities…[to advance the] desulphurisation of global shipping…[with] liquefied natural gas…[and to radically decarbonize. Europe’s] 80% reduction in emissions compared with 1990 will embrace all sectors. Power and transport are already moving in this direction, but the legacy fuel mix in many other sectors will be disrupted, too…Near zero-energy buildings and homes might be possible with energy efficiency… Electrification, recycling and bioenergy could reduce fossil fuel use in energy intensive sectors like steel and aluminium…[This can] be game changing for Europe…[and] provide a template for a global roll out…” click here for more