The World’s Path To 100% New Energy
Report: Global switch to 100 per cent renewable electricity both feasible and cheaper than current system
Michael Holder, 8 November 2017 (BusinessGreen)
“Renewables combined with energy storage technologies could generate enough secure power to cover the world's entire electricity demand by 2050 while proving cheaper than the current fossil-fuel dominated system…[According to a new study using ‘first-of-its-kind’ modelling, existing] renewable electricity technologies can be used to meet the world's power needs during every hour throughout the year. It also argues a renewables-reliant grid would prove more cost-effective than the current system that is largely based on coal, gas and nuclear energy generation…[With favourable policy and regulatory support, it adds, a] 100 per cent renewable, decarbonised electricity [global economy] is feasible earlier than 2050…[because] of the disruptive opportunities the tumbling costs in clean power markets offer around the world…It estimates that on a global average, the total levelised cost of electricity (LCOE) for 100 per cent renewable power in 2050 will hit €52/MWh - including curtailment, storage and some grid costs - compared to €70/MWh in 2015…” click here for more
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