Beta
Energy
Renewable energy costs are continuing to fall year on year while oil, gas and coal are becoming more and more difficult to extract which ultimately will increase the price of carbon-based fuels. Countries such as Canada and Finland have already banned coal with many more countries planning on doing the same. There is only one possible conclusion and that is the era of fossil fuels is over, we are in the middle of the greatest energy transition in history. The economics of clean energy has made the arrival of this new era inevitable, clean energy is now less expensive.
Sample Sectors of Interest (not exclusive to the below)
Wind Energy
An increase in onshore win from 3% to 21.6% by 2050 could reduce emissions by 84.6% gigatons of carbon dioxide. For offshore wind, growing from .1% to 4% could avoid 15.2 gigatons of emissions.
Ranking and Results by 2050 (Onshore)
84.6 Gigatons of reduced CO2
Ranking and Results by 2050 (Offshore)
15.2 Gigatons of reduced CO2
#2
Solar Farms
Assuming utility scale solar PV grows to 10% of global electricity generation from .4%, this could avoid 36.9 gigatons of carbon dioxide emissions. These calculations assume an implementation cost of $1,445 and a learning rate of 19.2%.
Ranking and Results by 2050
36.9 Gigatons of reduced CO2
#8
Rooftop Solar
Assuming rooftop solar PV can grow from .4% of electricity generation globally to 7% by 2050, this growth can avoid 24.6% gigatons of emissions. This assumes an implementation cost of $1,883 per kilowatt, dropping to $627 per kilowatt by 2050.
Ranking and Results by 2050
24.6 Gigatons of reduced CO2
#10
Geothermal
Assuming geothermal grows from .66% of global electricity generation to 4.9% by 2050, this growth could reduce emissions by 16.6 gigatons. This earth energy is only found on less than 10% of the planet, yet new technologies could dramatically expand production potential.
Ranking and Results by 2050
16.6 Gigatons of reduced CO2
#18
Waste to Energy
This is a bridge solution and one that will decline as composting and recycling become more popular. However, 1.1 gigatons can be avoided by 2050, primarily due to reduced methane emissions from keeping waste out of landfills. Island nations with limited space for landfills will continue to avail of waste to energy as a substitute for landfilling.
Ranking and Results by 2050
1.1 Gigatons of reduced CO2
#68
Enabling Technologies
Grid Flexibility
Modeling grid flexibility is notoriously difficult. However, to grow beyond a 25% share of generation, variable renewable energy sources require grid flexibility. The grid needs to become more adaptable than it is today. By 2050, up to 80% of energy could be renewable and this will required advanced grid flexibility.
Ranking and Results by 2050
An Enabling Technology
#77
Energy Storage
Unless renewable energy can be used or exported, peaks in production create surpluses that have to be thrown away because conventional power plants cannot be turned off. Energy storage enables adoption of wind and solar energy and is an essential supporting technology.
Ranking and Results by 2050
An Enabling Technology
#77
Source: Drawdown the most comprehensive plan ever proposed to reverse global warming
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