That’s right: Surging solar, wind, and battery capacity is now in-line with net-zero scenarios.
“For the first time, we can, with hand on heart, say that we are potentially on the path to net zero,” Kingsmill Bond, Senior Principal at RMI, said. “We need to make sure that we continue to drive change, but there is a path and we are on it.”
And that’s really good news.
Exponential growth in renewable energy has put the global electricity system at a tipping point. What was once seen as a wildly daunting task — transitioning away from fossil fuels — is now happening at a faster pace every year.
Based on this new research, conducted in partnership with the Bezos Earth Fund, RMI projects that solar and wind will supply over a third of all global electricity by 2030, up from about 12% today, which would surpass recent calls for a tripling of total renewable energy capacity by the end of the decade.
By 2030 wind and solar… ☀️ …are set to provide more than one third of global electricity. ☀️ …are expected to roughly halve in price.#AheadOfTheCurve
There is a conundrum at the heart of renewable growth: Barriers are everywhere, but growth keeps happening – because barriers are specific and local, but solutions are generic and global, hence likely to overwhelm resistance to change"
Places like South Africa, where power outages are damaging the economy, are ripe for people to adopt at least smaller scale solar if the country’s utilities are slow in fixing their power plant problem.
Still, RE adoption is in a race against growing electricity demand from EVs and heat pumps (replacing FF furnaces and adding A/C).
Places like South Africa, where power outages are damaging the economy, are ripe for people to adopt at least smaller scale solar if the country’s utilities are slow in fixing their power plant problem.
Still, RE adoption is in a race against growing electricity demand from EVs and heat pumps (replacing FF furnaces and adding A/C).
Right now South Africa’s plans include new FF plants.
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