WHY AN EU RENEWABLE ENERGY PLAN NEEDS SOLAR POWER
Background to EU energy issues -
Climate science points to a reduction in carbon emissions of at least 80% by 2050. In practice, this will require the decarbonisation of at least 90% of most types of EU energy supplies. The average energy useage in the EU is currently about 125 kwhr/person/day (IEA). By 2050, it is reasonable to expect efficiency savings and mode alteration to reduce this energy consumption to about 100 kwhr/person/ day, which is equivalent to 4kW continuous mean power consumption per person.
The current population of the EU27 is 500M (Eurostat). So by 2050, the EU primary energy use will be of the order of 500M+ x 4 kW = 2000+ GW mean
There is insufficient uranium ore to power a nuclear powered future, even if that were desirable, as 1000 GW of conventional nuclear power can only be fuelled for about 15 years with the currently known sources of ore. CCS is an unknown quantity and it is unlikely that the massive scale of CO2 sequestration required could be achieved on this scale, even if it were desirable. So huge renewable energy sources are essential………………….
full article at http://www.claverton-energy.com/why-an-eu-renewable-energy-plan-needs-solar-power.html
The economy of yesterday was dependent on access to cheap petroleum. The economy of tomorrow will be dependent on access to cheap, reliable electricity.
Consider this nugget of crucial information: In the 1950s, 40% of the U.S. economy relied on electricity. Today, fully two-thirds (66%) of our economy depends on it.
And we haven’t even electrified our transportation yet.
Such was the backdrop for high-level talks at GreenBeat 2009, where I had the chance to talk about the future of electricity with some of the brightest (and wealthiest) in the biz.
Last week, we took a look at Google’s perspective and entrance into the electricity arena. Today, we’ll take a look at the utility perspective.
Smart Grid and The Economy
While I heard from many venture capitalists and smart grid product providers, I must say it was a pleasure to get the utilities’ take on things. After all, when it comes to the smart grid, the utility is the customer.
The session began with a primer on the current status of the grid. Basically, we’ve been living for 100 years with grid 1.0, the electro-mechanical analog version that dumbly pushed power along……………
Full financial story at http://www.energyandcapital.com/articles/utilities-smart-grid-economy/1029?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+eacfeed+%28Energy+and+Capital%29&utm_content=Google+Feedfetcher