13 April 2010

Landmark report explodes renewable energy myths

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Comprehensive study concludes 100 per cent renewable energy supplies are technically feasible and economically attractive

Europe can switch to low carbon sources of energy without jeopardising reliability or forcing up energy bills to punitive levels, according to a major new study that claims to be the most comprehensive assessment to date of the viability of zero carbon power supplies.

Roadmap 2050: a practical guide to a prosperous, low-carbon Europe will be released later today and will demonstrate how transitioning to a low or zero carbon power supply based on high levels of renewable energy would have no impact on reliability, and would have little impact on the cost of producing electricity in the period up to 2050.

The report was developed by think tank the European Climate Foundation (ECF) in collaboration with a number of leading economists and energy industry experts, and includes contributions from McKinsey, KEMA, Imperial College London and Oxford Economics.

Its analysis argues that cost effective zero carbon power is not reliant on technology breakthroughs, although it warns that they would help to further reduce the cost of decarbonisation.

Matt Phillips, a senior associate with the ECF, said many of assumptions made at the outset of the research project had been proved wrong.

(BusinessGreen)

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