This week brings more scientific proof that the world is running out of cheap and abundant fossil and nuclear fuels. A new study from Energy Watch Group shows that fossil fuel production will peak by the end of this decade and that nuclear fuel will not have any significant influence on the subsequent energy gap. It is yet another call for a faster development of renewable energy technologies and the urgent need to soon shift to 100% renewable energies (RE) in all sectors. But how do we achieve this fossil free society? What are the rate limiting factors to disseminate the best practices that exist around the world?
An in-depth policy analysis of renewable energy frontrunner countries published by the World Future Council last week shows that of all the factors impacting the pace of large-scale RE advancement, none has proven to be more critical than national policies. [Read more →]
March 27, 2013 No Comments
Paying Africa’s people to produce all the renewable energy they can would give the continent a huge economic boost, spurring development and the growth of democracy, researchers say.
Africa can go a long way towards lifting itself out of poverty and ending its chronic shortage of energy by using its own resources, a report says.
The report, entitled Powering Africa through Feed-in Tariffs – advancing renewable energies to meet the continent’s electricity needs, says renewable energy feed-in tariff policies (REFiTs) can unlock renewable energy development in Africa. REFiTs encourage investment in generating renewable energy – by individual home owners and communities as well as institutional investors – by guaranteeing to buy all the electricity produced from renewable sources. [Read more →]
March 19, 2013 1 Comment
This World Future Council study concludes that, estimated conservatively, the future usage loss resulting from our current oil, gas and coal consumption is US $3.2 to 3.4 trillion per year.
The sun and the wind are free. The costs of renewable energy are thus almost exclusively fixed extraction costs, whilst the use of fossil fuels incurs significant variable costs (reflecting the value of the fuels burnt). The difference between renewables and fossil fuels is not only the zero cost of renewables but also that they will never be exhausted. How can the value of a commodity whose usage is free and inexhaustible be measured?
January 30, 2013 No Comments