Tuesday, September 22, 2015

New report from Greenpeace suggests that the world could be completely off fossil fuels by 2050.

Courtesy of Reneweconomy: 

A new report released by Greenpeace International on Monday has reinforced the view that there are no major economic or technical barriers to shifting the world to 100 per cent renewable energy by 2050; nor to the complete phase-out of fossil fuels. All we need now is the political will to do it. 

Greenpeace’s Energy [R]evolution scenario 2015 phases out coal, oil, gas and nuclear energy as fast as technically and economically possible, by expanding the renewable energy share to 42 per cent in 2030, 72 per cent in 2040 and 100 per cent in 2050.

The report also says that the transition will cost a great deal of money, as much as  1 trillion dollars a year, but that the savings are even larger.

“The investment costs for the switch to 100% renewables by 2050 is about $US1 trillion a year,” the report says. 

“But because renewable energies don’t need fuel, the average fuel cost savings are $US1.07 trillion a year. So the investment over the period is met in full (107 per cent) by fuel cost savings, with the cross-over happening between 2025 and 2030. 

Beyond 2050, there are no further fuel costs in renewable energy, thus stabilising energy costs for socities, as well as reducing energy sector emissions to near zero.

I don't know it all might be a little too optimistic, but then again if we don't commit to making it happen we'll never know.

Of course, as we know, the oil and coal companies will do everything in their considerable power to delay this as long as possible. 


  1. Caroll Thompson2:28 AM

    This is encouraging news. Ironically however, this is very bad news for the budget of the State of Alaska. As you know G, Alaskans pay no state income or sales tax. Oil has funded the State since Alaska abolished the State income tax in 1980. How is Alaska planning on funding its government without oil?

    We live in a very interesting time. Technology has changed everything and continues to change everything.

    1. Anonymous9:36 AM

      'News'?....Darling Caroll, there is a big difference between news and Greenpeace propaganda.

  2. Anonymous2:48 AM

    What is renewable energy? what is it produced from?

  3. Randall6:31 AM

    If it doesn't work, we will have spent all that money to make energy amazingly cheap and cleaned up the environment for nothing.

    What are we supposed to do with all of the ex-coal miners and ex-oil drillers that are put out of work? Have them build bridges and highways and hydroelectric dams and a high-speed rail system?

  4. Anonymous11:18 AM

    Sure sounds like wish full thinking. Oil companies are not going away without a fight. We see them deny the existence of climate change now, do people think they are just gonna up and quit?


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