October 7, 2020 | News | No Comments
With scientists and experts from around the world telling world leaders with increasing urgency ahead of upcoming climate talks in Paris that “It must be done,” a new report says “It can be done.”
As the planetary impacts of global warming become more apparent with every passing day, the goal of building and maintaining an energy system run on 100 % renewable power has become one of the driving demands of the world’s environmental and climate justice movements, new research presented by Greenpeace on Monday shows that if the political will can be mustered, there are neither technological nor economic barriers preventing humanity from building a fossil fuel- and nuclear-free world by 2050.
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“I urge all those who say ‘it can’t be done’ to read this report and recognize that it can be done and must be done for the benefit of people around the world.” —Kumi Naidoo, Greenpeace
“The phase out of fossil fuels and transition to renewable energy is not only needed, but can be achieved globally by mid-century,” said Kelly Mitchell, the climate and energy campaign director for Greenpeace USA. “In the US, we must prioritize keeping coal, oil and gas in the ground while accelerating the transition to clean energy like wind and solar. Doing so would both create new jobs and ensure a healthier planet for future generations.”
According to the report:
Produced in collaboration with researchers at the German Aerospace Centre (DLR), the new Greenpeace report—titled —is the latest global energy analysis which shows that not only is the transition to cleaner energy sources possibly in the coming decades, the actual financial costs of taking on a such a massive transition would actually be cheaper over the coming decades than retaining the “dirty energy” status quo in the face of climate change.
Greenpeace admits the cost of its plan is “huge” but that “the savings are even bigger.” According to their estimates, the global average of additional investment needed in renewables is roughly $1 trillion a year until 2050. However, because renewables don’t require continuous fuel inputs, the savings over the same period would be $1.07 trillion a year, more than covering the costs of the required up-front investment.
Calling for a strategic phase-out of both fossil fuel and nuclear energy by mid-century, the Greenpeace plan targets the most carbon-intensive fossil fuels first—including lignite and coal—before moving on to less-polluting sources like oil and gas.
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