100% Renewable Energy Possible by 2050, Says Greenpeace Report
Researched in collaboration with the German Aerospace Centre (DLR), the report finds that the clean energy transition—including the electricity, transport and heating sectors—will create 20 million jobs over the next 15 years, and—unlike coal—will provide energy access to the one third of people globally that currently have none.
Greenpeace Energy [R]evolution report author Sven Teske said:
"The solar and wind industries have come of age, and are cost-competitive with coal. It’s the responsibility of the fossil fuel industry to prepare for these changes in the labour market and make provisions. Governments need to manage the dismantling of the fossil fuel industry which is moving rapidly into irrelevance. Every dollar invested in new fossil fuel projects is high risk capital which might end up as stranded investment."
Greenpeace and DLR found that the investment necessary to reach a 100 per cent renewable goal will be a considerable US$1 trillion a year.
However, this will be more than covered by the US$1.07 trillion in savings on fuel costs alone in the same period, not to mention the vast co-benefits to human health and the avoided costs from climate change-related extreme weather that come with the renewable transition.
To date, Greenpeace’s clean energy transition projections have proven to be the amongst the most accurate globally.
This updated roadmap plots an ambitious path, but a necessary one for the world to tread if we are to remain below the agreed 2C guardrail of average global warming.
Renewable potential has been consistently understated, but with overwhelming public support, renewable records being broken all the time in Germany and elsewhere, Tesla about to add storage to the rapidly growing Australian solar market, and California recently approving 50 percent by 2030 renewable target—to name just a few developments—momentum is growing at such a pace Greenpeace could be proven prescient once again.
Greenpeace International executive director, Kumi Naidoo said:
"We must not let lobbying by vested interests in the fossil fuel industry stand in the way of a switch to renewable energy, the most effective and fairest way to deliver a clean and safe energy future. I would urge all those who say ‘it can’t be done’ to read this report and recognize that it can be done, it must be done, and it will be for the benefit of everyone if it is done."
With the UN climate talks in Paris looming, fossil fuel divestment gathering pace worldwide, and the renewable industry booming, there is no fork in the road—there is only forward to a clean energy future or backwards to a dirty fossil fuel past.
Countries from Sweden to Brazil, China to India are already waking up to the opportunities of a clean energy future, and with the right investment, Greenpeace says renewables will triple to 64 percent of global electricity supply—almost two thirds—by as early as 2030.
Such a transition would see CO2 emissions fall from the current 30 gigatonnes a year to 20 gigatonnes by 2030.
YOU MIGHT ALSO LIKE
As the Trump administration moves full speed ahead on boosting the oil and fossil fuel industry, opposition to increased pipeline construction is cropping up in different communities around the country.
By Simon Evans
Last Saturday, two dead whales washed up on the coast of Suffolk, in eastern England, and a third was spotted floating at sea.
What happened next illustrates how news can spread and evolve into misinformation, when reported by journalists rushing to publish before confirming basic facts or sourcing their own quotes.
By Monica Amarelo and Paul Pestano
Sun safety is a crucial part of any outdoor activity for kids, and sunscreen can help protect children's skin from harmful ultraviolet rays. Kids often get sunburned when they're outside unprotected for longer than expected. Parents need to plan ahead and keep sun protection handy in their cars or bags.
By Joe McCarthy
A lot of people take part in community clean-up efforts—spending a Saturday morning picking up litter in a park, mowing an overgrown field or painting a fence.
A coalition of conservation groups and others announced Thursday that a historic number of comments and petitions of support have been submitted to the U.S. Department of the Interior in support of Bears Ears National Monument. Despite the entirely inadequate 15-day comment period ending on May 26, more than 685,000 comments in support of Bears Ears National Monument have been collected.
By Lena Moffitt
An oil tanker in Mead, Colorado exploded, killing one and injuring three on Thursday. Authorities are continuing to investigate the cause of the explosion.
In an unusual procedural move, the American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers filed motions Thursday requesting the court's permission to withdraw from the Juliana v. US climate lawsuit, brought by 21 young people. The associations are following the lead of the National Association of Manufacturers, who filed a similar motion to withdraw on May 22.