A transition to 100 % renewable power by 2050—or even sooner—is not only feasible but would also price significantly less and produce millions of new jobs, according to new analysis presented in Bonn, Germany on Thursday.
The German non-profit Energy Watch Group (EWG) teamed up with Finland’s Lappeenranta University of Technology to present a study at the COP23 climate summit.
“If we have any hope of stopping absolute civilization challenge and catastrophe, then we have to have to be bringing down carbon emissions with remarkable rapidity, far more rapidly than it can occur just by means of typical financial transition.”
The final results of the study, according to a forward written by EWG’s president Hans-Josef Fell, show “that a 100% renewable electrical energy technique is a productive and urgently necessary climate protection measure. An international zero-emission energy technique is feasible and extra price-productive than the current technique primarily based on nuclear and fossil fuel power.”
To realize the Paris Agreement’s target of limiting the warming of the earth to effectively under two degrees Celsius above pre-industrial levels, the report argued that “we have to have a two-fold tactic: to lower greenhouse gas emissions down to zero and to take away surplus carbon dioxide from the atmosphere. An essential aspect of this tactic must be a transition to an emission-no cost international economy, primarily based on 100 % renewable power.”
Moving to this technique via the use of solar and wind energy, combined with establishing power storage systems, would bring the total price of power from extra than 80 dollars to about 60 dollars per MWh.
Thirty-six million jobs would also be developed by 2050 via the transition, compared with 19 million power jobs in the present economy, according to the analysis.
In an interview with Deutsche Welle published Thursday, author and 350.org co-founder Bill McKibben agreed with the study’s assertion that a comprehensive shift from fossil fuels is needed to stay away from even extra harmful effects of international warming than these the planet is currently experiencing.
“If we have any hope of stopping absolute civilization challenge and catastrophe, then we have to have to be bringing down carbon emissions with remarkable rapidity, far more rapidly than it can occur just by means of typical financial transition,” McKibben mentioned.
While totally feasible from a financial standpoint as the new analysis shows, the political feasibility of the transition is a further story. “That depends totally on regardless of whether we can create movements substantial sufficient to break the energy of the fossil fuel market that holds us exactly where we are,” mentioned McKibben. “To go additional what we have to have are a lot of persons in the streets demanding action and pushing governments to move significantly, significantly more rapidly than they are at the moment contemplating.”
(Featured Image: Report cover detail/Energy Watch Group/Lappeenranta University of Technology)