#1 cleantech news, reviews, & analysis site in the world. Subscribe today. The future is now.


Clean Power

Published on April 16th, 2010 | by Zachary Shahan

4

Renewable Energy Myths Busted by New Landmark Report

April 16th, 2010 by  


It isn’t technically feasible to have renewable energy supply us with 100% of our electricity needs, right? Wrong. Renewable energy is prohibitively expensive, right? Wrong.

[social_buttons]

A new report just put out this week, Roadmap 2050: a practical guide to a prosperous, low-carbon Europe, gets into technical and economic details surrounding these important issues. The report includes contributions from world leading economists and renewable energy experts, including people from McKinsey, KEMA, Imperial College London and Oxford Economics.

The report claims to be the most comprehensive assessment of the viability of zero carbon power supplies available today (focused on Europe).

European Climate Foundation (ECF) developed this report. Though the organization probably hoped for positive results, it apparently did not expect things to be nearly as positive as they are.

“When the Roadmap 2050 project began it was assumed that high-renewable energy scenarios would be too unstable to provide sufficient reliability, that high-renewable scenarios would be uneconomic and more costly, and that technology breakthroughs would be required to move Europe to a zero-carbon power sector,” senior associate with ECF Matt Phillips said. “Roadmap 2050 has found all of these assertions to be untrue.”

Although most people now assume that fossil fuels are cheaper than renewable energy, ECF found this idea is increasingly outdated. Capital investment may still be more expensive for low carbon energy infrastructure, but when you look at the long term costs, low carbon technology is cheaper.

Energy security, an infrequently discussed topic, was also found to be a huge benefit of a low or zero carbon energy supply.

The report found that up to 100% of Europe’s electricity could come from renewable energy, but there are key obstacles to that still need to be overcome, such as convincing the EU to make energy efficiency more of a priority and rapidly developing a European “smart grid”.

In the end, though, as chief executive of consultancy firm E3G Nick Mabey said, the report shows that “the benefits of the low-carbon pathway far outweigh the challenges.”

Low or zero carbon technology is often associated with helping to address climate change and conserving a livable climate, but there are key economic and security benefits that need to be more commonly associated with it as well.

“A commitment now to a low-carbon transformation of the energy sector is the winning strategy for competitiveness, jobs and prosperity in the UK and Europe, ” he said. “Achieving a minimum 80 per cent CO2e reductions in 2050 based on zero carbon power generation in Europe is technically feasible and makes compelling economic sense.”

Image Credit: Wilfred Knievel via flickr under a CC license


Support CleanTechnica’s work by becoming a Member, Supporter, or Ambassador.

Or you can buy a cool t-shirt, cup, baby outfit, bag, or hoodie or make a one-time donation on PayPal.






Tags: , , , , , , , , ,


About the Author

Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.



Back to Top ↑