A global transition to 100 per cent renewable electricity is not a long-term vision, but already a tangible reality, a new groundbreaking study by the Lappeenranta University of Technology (LUT) and the Energy Watch Group (EWG) shows. The study was presented on November 8, 2017 during the Global Renewable Energy Solutions Showcase event (GRESS) on the sidelines of the United Nations Climate Change Conference COP23 in Bonn.
The results of the study are revealing: A global electricity system fully based on renewable energy is feasible at every hour throughout the year and is more cost effective than the existing system, which is largely based on fossil fuels and nuclear energy.
“A full decarbonisation of the electricity system by 2050 is possible for lower system cost than today based on available technology. Energy transition is no longer a question of technical feasibility or economic viability, but of political will”, Christian Breyer, lead author of the study, LUT Professor of Solar Economy and Chairman of the EWG Scientific Board said.
A transition to 100 per cent renewables would bring greenhouse gas emissions in the electricity sector down to zero and drastically reduce total losses in power generation. It would create 36 million jobs by 2050, 17 million more than today.
”There is no reason to invest one more Dollar in fossil or nuclear power production” EWG President Hans-Josef Fell said. “Renewable energy provides cost-effective power supply. All plans for a further expansion of coal, nuclear, gas and oil have to be ceased. More investments need to be channeled in renewable energies and the necessary infrastructure for storage and grids. Everything else will lead to unnecessary costs and increasing global warming.”