AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Ember and greens4/11/2023 ![]() Stated policies would deliver just 45-65% of the wind and solar capacity required by 2035. In least-cost pathways Europe’s wind fleet quadruples to 800 GW by 2035, and solar expands 5-9 fold reaching 800-1400 GW. Meeting the challenge requires permitting times to be slashed, and supply chains and manufacturing capacity to be secured. ![]() There are signs of acceleration, with additions hitting a record 36 GW in 2021, but a big deployment challenge lies ahead. Over the period 2025-2035 the combined deployment rate should reach 100-165 GW per year, compared to an annual growth of 24 GW per year between 2010-2020. To achieve this, annual growth in wind and solar capacity must quadruple by 2025 compared to the last decade this is the central challenge to deliver a clean power sector by 2035. These technologies expand to provide between 70-80% of electricity generation by 2035. A clean and expanded power system is the critical enabler of this wider energy sector decarbonisation and the huge potential cost savings that follow. This amount is likely an underestimate given high fossil fuel prices are likely to persist. The resulting fossil fuel savings – mostly delivered by electrification – could save Europe at least €530-1010bn in total by 2035. Nonetheless, it would deliver major improvements in Europe’s energy sovereignty at a time when reducing fossil fuel dependence is an urgent priority for climate, the economy, and security. At the EU level, this represents a greater reduction than the REPowerEU plan, albeit not as targeted at reductions in fossil gas. If the full potential of electrification and energy savings can be realised, Europe’s consumption of fossil fuels could fall by 50% by 2030. ![]() There is no cost penalty for choosing the clean power path, even when the electricity supply is simultaneously expanded to enable further electrification. Larger upfront capital costs for wind and solar in the power system are offset by avoided carbon costs and avoided costs associated with new nuclear and fossil capacities. This analysis reveals that an expanded and (~95%) clean power system in Europe can be achieved by 2035 at no extra cost above stated plans. The term Europe is used in this study to refer to the collection of countries included in the power system modelling: EU27 + UK + Norway + Switzerland + the Western Balkan six (AL, BA, KX, ME, MK, RS). The latter two pathways expand clean electrification, but differ in their assumptions about available technologies and the levels of energy savings resulting from societal change. The other two pathways – Technology Driven and System Change – are computed to minimise cost while remaining within a carbon budget compatible with the Paris Agreement climate goals. The Stated Policy pathway is aligned with stated national policies until 2035. This report summarises the results of three modelled pathways for the European power sector. Crucially, the costs of competing routes are assessed, including the costs of developing the power system according to current plans. Key metrics are quantified in order to benchmark progress, while accounting for a range of uncertainties. For more information, visit the website.This study explores the least-cost pathways to a clean power system in Europe, compatible with the Paris Agreement climate goals (1.5C).ĭetailed, country-by-country, hour-by-hour power system modelling confirms the feasibility of almost completely decarbonising Europe’s power sector by 2035, while expanding the electricity supply. ![]() three-course, prix-fixe menu for $175 per couple. Liberty Kitchen, Memorial, 963 Bunker Hill Road. If you swing by the Memorial location for the weekend, you'll also get to enjoy live music. The oysterette will serve an elegant three-course, prix-fixe menu featuring dishes like Lobster Bisque paired with Moet & Chandon Rosé Imperial Brut, Filet with Seared Foie Gras paired with Moet & Chandon "Imperial" Brut and Chocolate Covered Strawberries. We all know that oysters are an aphrodisiac, and Liberty Kitchen (both locations) has a wonderful weekend planned for Houstonians. To make a reservation, visit the website. Friday and Saturday dinner hours are 3 to 9 p.m. The restaurant will also be open on Valentine’s Day from 10 a.m. ![]() 13 ($85 per person plus beverage, tax & gratuity). Couples menu offered Feb.11 & 12 ($120 per couple plus beverage, tax and gratuity), and a Valentine’s dinner menu on Feb. ![]()
0 Comments
Read More
Leave a Reply. |