'It Can Be Done': New Report Details Path to 100% Renewables by 2050

[eridani]

http://www.commondreams.org/news/2015/09/21/it-can-be-done-new-report-details-path-100-renewables-2050

"The phase out of fossil fuels and transition to renewable energy is not only needed, but can be achieved globally by mid-century," said Kelly Mitchell, the climate and energy campaign director for Greenpeace USA. "In the US, we must prioritize keeping coal, oil and gas in the ground while accelerating the transition to clean energy like wind and solar. Doing so would both create new jobs and ensure a healthier planet for future generations."

According to the report:

100% renewable energy for all is achievable by 2050, and is the only way to ensure the world does not descend into catastrophic climate change. Dynamic change is taking place in the energy sector. Renewable energies have become mainstream in most countries, and prices have fallen dramatically. The report shows we could transform our energy supply, switching to renewables, which would mean a stabilization of global CO2 emissions by 2020, and bringing down emissions towards near zero emissions in 2050.

Produced in collaboration with researchers at the German Aerospace Centre (DLR), the new Greenpeace report—titled World Energy [R]evolution: A Sustainable World Energy Outlook 2015—is the latest global energy analysis which shows that not only is the transition to cleaner energy sources possibly in the coming decades, the actual financial costs of taking on a such a massive transition would actually be cheaper over the coming decades than retaining the "dirty energy" status quo in the face of climate change.

Greenpeace admits the cost of its plan is "huge" but that "the savings are even bigger." According to their estimates, the global average of additional investment needed in renewables is roughly $1 trillion a year until 2050. However, because renewables don’t require continuous fuel inputs, the savings over the same period would be $1.07 trillion a year, more than covering the costs of the required up-front investment.

[sue4e3]

1. always good to hear