It’s not a matter of “if”, but “when”. The world is moving steadily and dramatically toward a renewable energy future dominated by clean electricity. As I mentioned before, the countries with the highest solar incidence are the ones making the most progress. Last year, Costa Rica supplied electric energy for 300 days solely from renewable sources. Some of the largest solar projects are being built in countries like India and China. Renewable energy in the UK increased by 27% in 2017.
Lappeenranta University of Technology (LUT) and the Energy Watch Group (EWG) conducted a study that “simulates a global electricity system based entirely on renewable energy on an hourly basis throughout a whole year. Its results prove that the existing renewable energy potential and technologies, including storage, are able to generate sufficient and secure power supply worldwide by 2050. Under favourable political conditions, a full decarbonisation and nuclear phase out of the global electricity system can succeed even earlier than that.” (my emphasis added)
According to the study, “A 100% renewable global electricity system is also way more efficient. It can reduce global greenhouse gas emissions in electricity sector from about 11 GtCO2 equivalent in 2015 to ZERO emissions by 2050. The total losses in a fully renewable electricity system are significantly lower than in the current system. And, the global transition to a 100% renewable electricity system will create 36 million jobs by 2050 in comparison to 19 million jobs in 2015… The study shows that there is no reason to invest any single dollar in fossil fuel or nuclear power production. It also proves that energy transition is no longer a question of technical feasibility or economic viability, but of political will.” (my emphasis added)
This study comes at an important time as Ontario residents are preparing for an election this summer. With the price of electricity, the future of Ontario Hydro, and the ongoing refurbishment of nuclear generators at issue, determining the political will of our provincial parties is paramount. Unfortunately, one party seems to be entirely in denial about climate change and is paralyzed by its own political dogma. Its political will to form meaningful policy on this topic appears non-existent.
Where is Ontario now? Corporations successfully fought against feed-in tariffs and blamed renewable energy for higher electric rates; billions of dollars have been committed to nuclear refurbishment; the nuclear industry is hyping ‘micro-reactors’ to be scattered across northern remote communities; the bulk of Hydro One has been sold off and has made trans-national investments in pursuit of higher profits; revenue from carbon-pricing is being used to subsidize scattered voluntary conservation programs. We can do better but only if we have the political will.
According to the researchers, “policy makers should adopt favourable political frameworks and instruments, promoting fast and steady growth of renewables on the one hand and phasing out all subsidies to fossil fuel and nuclear power generation on the other hand.” (my emphasis added) This summer’s election may be a ‘watershed’ moment for Ontario, either seizing the leadership opportunity or slipping further behind the global trend.
100% renewable electricity worldwide is a new cost-effective reality, Hans-Josef Fell & Prof. Dr. Christian Breyer, (The Beam, Feb 1, 2018)