As costs for renewable electricity keep falling and emerging markets lead in green energy investments, a global electricity system fully based on renewable energy is no longer a long-term vision.
The Lappeenranta University of Technology and the Energy Watch Group are working on a new groundbreaking study, which models the global energy system fully based on 100% renewables across four energy sectors of electricity, heat, mobility and industrial demand. It is the first study that models the global renewable electricity system on an hourly basis.
The preliminary results show: 100% renewable electricity worldwide is not only feasible at every hour throughout the year, but also economically more cost-effective than the fossil or nuclear energy systems.
The first study results on electricity will be presented at the Global Renewable Energy Solutions Showcase event on November 8, 2017 on the sidelines of COP 23 in Bonn. The launch-event will include a presentation of the study results and a podium discussion with policy-makers, scientists and civil society.
The study is co-funded by the German Federal Environmental Foundation (DBU) and Stiftung Mercator.