The world needs a lot more green electricity

Global warming is a long-term threat to humanity and nature. The things we rely on and value – water, energy, transportation, wildlife, agriculture, ecology and human health – are experiencing the effects of climate change. While perceptions of the consequences of climate change may be high, the reality remains. Most of the world continues to rely on fossil fuels for heating, cooling, transportation and production. It’s time to take decisive action on climate change and turn it into green electricity: that energy comes from solar, wind, geothermal, biogas, efficient bios and low-impact hydroelectric sources.

Climate change is all around us. Gorgorose water flows through the streets of Brooklyn today. New Orleans continues to struggle with widespread power outages. Wildfires are destroying lives and property in California and affecting the quality of breathing in Lake Tahoe. The heat wave in the Pacific Northwest is the latest and most memorable.

Ten years ago, the Global Climate Change Panel concluded that climate change costs could be significant and increase over time. Suddenly, NIMBY’s attitude grew to alarming. We have to do it – be better prepared. We must take action, ”said President Joe Biden as he prepared to visit the wreckage.

However, the Kovid-19 recovery packages focus on waiting rather than changing existing industries. Extensive action on green electricity is still urgently needed, and a new report from DNV from Oslo, Norway provides guidance on where such efforts could be led.

Current insights The main insights of the state of green electrification

We are not fulfilling the desires of Paris; There is a very short window to close the gap.

  • By 2030, global energy emissions will fall by only 9%, and the 1.5˚C carbon budget will be empty by then. That’s too late – Climate science indicates the serious dangers of allowing emissions to accumulate before we take action.
  • The average temperature in the world will reach 2.3˚C by the end of the century.

Electrification is growing in the future, and renewals are competing with all other energy sources.

  • The final demand for electricity will increase by 38 percent in 1950, mainly by solar and wind power. Wind and solar PV increase by 15 to 20 times, respectively.
  • 50% of all passenger-vehicle sales will be by 2032 EVs.
  • The use of heat pumps will triple, provide 32% of heat by 2050, and 9% of energy for heating.

Efficiency and innovation will lead to flat demand by the 2030s.

  • Energy efficiency remains a major untapped resource for climate change mitigation.
  • Over the next three decades, energy (per unit of GDP) will grow at an annual rate of 2.4%.
  • Efficiency detection is primarily driven by electrification.

Fossil fuels are slowly losing ground, but by 2050 they will account for 50%.

  • Gas will take its current position, demand for oil will be halved, and coal by 2050 will drop to one-third of current use.
  • Deployment of CCS (carbon storage and storage) is very slow, with only 3.6% CO2 emissions by 2050.

Insights into Green Electrification 2021

Covide-19’s economic recovery costs are a missed opportunity.

  • He described the effectiveness of national and international measures to stop the spread of the virus and then resume its activities. Similar measures and funding have not yet been applied to the growing global climate crisis.
  • Outside the EU, COVID-19 stimuli are highly locked in carbon-based systems.
  • The cost of COVID-19, which has an impact on energy, has been reduced to decarbonation.

Flexibility and low energy prices are not roadblocks for a renewable energy system.

  • With declining costs and advancing battery storage technology, dynamic renewables are already evolving from a heat-generating level.
  • Energy-to-X, storage, connectivity, demand response and carbon value all help keep solar PV and wind competitive.
  • By 2050, solar + storage, which provides 12% of all grid-connected electricity, will emerge as a new power generation category.

Eliminating difficult-to-reduce sectors requires extremely high levels of hydrogen, e-fuels, and biofuels.

  • Combined, hydrogen and e-fuels will cover only 5% of the world’s energy needs by 2050.
  • Aviation, marine and heavy industry will continue to be major beneficiaries of fossil fuels that increase their emissions.

Most of the hydrogen will be produced by 2050 from some renewable electrolytes.

  • Green Hydrogen Generates 18% Hydrogen Supply from Green Grid Electric and 43% Electrolyzed Renewable Grid Grid Renewable Controls Green Hydrogen.
  • Blue Hydrogen will lose its value by 20% supply of hydrogen by 2050.

Final Thoughts about Green Electric

The findings of this year’s DNV report do not differ significantly from the predictions made 4 years ago. It is important to note that the pace of energy transitions has not slowed down in the last half decade, when the costs of non-implementation of climate change have increased and evidence of the effects is growing. Beyond our original prediction. ”

The verdict is clear – the world needs a lot of green electricity, both directly and indirectly, and at a very fast pace. By 2030, business growth will be high. Electricity demand will more than double by 2050, until then more than 80% of energy will be supplied by fossil sources.

And because of the zero emission profile and the benefits of carbon footprint reduction, customers are responding positively to green electricity, and the efforts are well worth it.

Methods

This report was developed by DNV as a disciplinary exercise between the DNV Group and its 2 businesses – Energy Systems and the Sea – in 15 countries. DNV was founded 157 years ago to protect life, property and the environment. It is owned and operated to promote the safety and sustainability of these businesses. 70% of their business is related to power generation, production, transmission and transportation. For free awareness, and for forecasting, energy transfer is strategically important for DNC and its customers.

The main model development and research, which is part of the Group Development and Research Unit in Oslo, Norway, is part of their energy transfer research program. In addition, they were assisted by the External Energy Transfer Outreach Network.

Graphics presented by DNV

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