According to the recommendations of the Paris climate conference in 2015 , we urgently need to keep the rest of the dirty fossil fuels stored within the Earth’s interior, and accelerate energy transition.
Wind and solar energy are crushing fossil fuels, is that right?
There is a fact, wind and solar continues to grow and can not be stopped now, within the past two years it crashed oil, natural gas and coal prices, and this led to a reduction in the fossil fuel industry, while the renewable energy industry flourished, and continued to increase in renewable energy investments in 2015, and are now seeing in 2016 is twice this investment.
One reason is that investment in renewable energy has become cheaper than ever before, said Michael Liebreich chairman of the advisory board for Bloomberg New Energy Finance (BNEF). That Auctions investment in solar and wind power, which recently introduced in Morocco and Mexico won by those companies that promised to produce electricity for the lowest prices from any source, and anywhere in the world.
Added Liebreich during his speech at the summit BNEF conference in New York: Is it possible to stop now investing in renewable energy? not at all.
Government support has helped to keep a foothold to invest in solar and wind power, and economies of scale were the main driver of the price drop, it has dropped the cost of solar energy to 150/1 on the level of 1970s, and renewable energy projects rose to 115,000 fold.
Since 2000 the amount of electricity produced by solar energy doubled seven times, until the wind energy investment doubled 4 times during the same period, are now two forms of the production of competing energy will contribute in reducing the cost of the two.
At the same time fossil fuel prices have been significantly reduced during the last two year, and after a decade of booming coal trade Hai China shut down 2,000 coal mines had in 2016, and this led to the destruction of electricity -powered producing coal, only in the developing countries is still demand coal significant, though the growth rate Behold slowing demand.
It looks as if the fossil fuel industry is under fierce attack in recent times, where the fuel prices have dropped significantly over the past two years, as the number of oil rigs operating in the United States fell to its lowest level since the 1940s, and the number of companies producing oil recede slowly.
Will the ebb of fossil fuel use slowly, the first is that there is no production may be too of fossil fuel and does not match the market requested, the second is that there is the expansion of the record rates of investment based on renewable energy, as well as the growing competition in the production of electric cars full which reduces the profit margins fossil fuel industry as dirty. But perhaps there remains the market of natural gas in the fact that there is a strong sun or not wind gusts strongly for a certain period, but will continue to develop the batteries in line such urgent matters.
Now may be an answer to the question at the beginning of this article is very clear, especially that there will be no place for fossil fuel industry in the near future, it seems that the move forward toward 100% clean power according to recommendations of the Paris Conference 2015 climate, it is very real.
There are a lot of countries, which have already begun developing economic policies based on the stages of transition, through encouraging the use of renewable energy, such as solar energy and wind energy and electricity, biomass, geothermal..etc. but there is still much to be done.
Canada: invested 11 billion dollars in the field of renewable energy in 2014, but in 2015 fell investments to half, experts say that the country will turn into a 100% renewable energy use by the year 2035 from the various sources of renewable energy according to a report from Clean Energy Canada.
Also was about 4.5 billion dollars as adopted the Plan of green energy in 2009, in the field of solar energy and wind energy.
“I think Canada’s got to get in the game, be a leader. We’re looking for leadership from Ottawa, what the new prime minister’s going to do on this file,” Clean Energy Canada director Merran Smith said in an interview with The Exchange with Amanda Lang.
Smith pointed to President Obama’s clean energy initiatives, which are focused on fostering innovation and making America a global leader in the clean-energy race.
A study by the National Renewable Energy Laboratory of the US Energy Department said that the United States by 2050 will generate most of the electricity from renewable energy, therefore, was one of the measures is the imposition of a tax of US$ 10 on every barrel of oil produced Produced by oil companies.
U K: In the United Kingdom despite entering the sphere of the transformation of renewable energy but that there had been a change in policies recently toward renewable energy, according to a recent study conducted by the Ministry of the British Energy has reduced its expectations about the shift to clean energy to two-thirds over the next decade.
According to a recent study, the United Kingdom in its transition from the use of gas and coal to clean energy, reduce emissions of greenhouse gases, although the actions of the next government is likely to be decisive toward the age of binding laws toward transformation of clean energy not, or enact laws are not binding.
Under European Union targets, the UK must produce 15% of its energy from renewable sources by 2020, and is one of a small number of big member states to be judged on track to meet all of its energy and climate commitments by the European environment agency.
This was confirmed on Thursday by the Office for National Statistics, which found that 15% of the UK’s electricity came from renewable sources in 2013. This puts the UK about halfway towards its commitments, because the overall energy target includes transport and heating, as well as electricity generation. For the UK to meet its EU goals, electricity generation from renewable sources is likely to have to increase to above 30% by 2020.
Gas dominates the UK’s domestic heating supply, and for most of the past two decades has been the main source of electricity generation. But this situation has reversed in the last three years, with gas use falling sharply and the slack taken up by ageing coal-fired power stations, now the biggest source of the UK’s electricity generation. This is owing to a combination of factors, including a very low price on carbon dioxide emissions under the EU’s carbon trading scheme (a high price was intended to discourage coal use) and the knock-on effects of the shale gas boom in the US, where cheap gas use has soared creating a glut of cheap coal on the international market. Gas in the UK has remained more expensive, as North Sea supplies have been rapidly depleted.
Turkey: Turkey is currently an energy-dependent country, with approximately 70% of its energy being supplied from imported sources. More investment in renewable energy has thus become vital for Turkey.
The remaining 30% of Turkey’s electricity need is largely generated by power plants consuming coal, lignite, natural gas and fuel oil, while geothermal energy and hydro power plants have also been increasing in number. Turkey has no large oil and gas reserves. The primary indigenous energy sources are lignite, hydro and biomass. Although largely thanks to the liberalization of Turkey’s electricity market, Turkey’s electricity generation capacity has increased from 31,750 MW in 2002 to 44,600 MW in 2009, the growth in both industrial and domestic consumption has been causing Turkey to become increasingly dependent on foreign energy sources. During this period, 2009 posted the highest annual growth in capacity, increasing by nearly two-fold from 963 MW in 2008 to 2,834 MW in 2009. Of this figure, 1,455 MW of electricity was generated by natural gas-run power plants, 465.8 MW by hydroelectric power plants and 438.6 MW by wind farms. More investment in renewable energy has thus become vital for Turkey.
Turkey has a strong potential for renewable energy sources, including solar in its various forms; wind; biomass; hydro and geothermal. The annual biomass potential of Turkey is approximately 32 million toes. Turkey has a gross annual hydro potential of 433,000 GWh, which is almost 1% of world’s total potential. Currently, Turkey’s existing wind power capacity is around 1202.25 MW, with units located all over the country. Turkey’s solar energy potential is estimated to be approximately 26.4 million toes as thermal and 8.8 million toes as electricity. Finally, Turkey’s geothermal potential is approximately 38,000 MW.
Nigeria: Lies the problem of Nigeria that there are vast numbers of citizens who do not enjoy any kind of energy even those dirty energy, because of the high costs, thus diverting the country toward the use of renewable energy is an urgent matter.
We find that the Nigeria produces about 2.5 million barrels of oil each day, yet many of its citizens live without electricity. Some residents are now seeking alternative solutions to the country’s ongoing energy crisis.
In Nigeria, there are a lot of citizens who have electric generators for both in stores or in the houses, and provide them with electricity to the Government, they suffer from power outage for long periods.
Nigerians spend almost $5 billion a year on fuel to generate their own electricity, this alone keeps many in poverty. “We are working here. Every time we buy fuel for our [generators]. Everybody who has a shop has a generator. Even in the night, we don’t have light,” said Agesoji.
About two thirds of people in Nigeria have no access to grid electricity. That’s more people without electricity than any other country in the world except India.
Some are now looking to renewable energies, such as solar as a way of transforming the country into one that gives people the power to thrive.
The Nigeria Alternative Energy Expo in Abuja has been held for the past four years in a row. It brings together local and international speakers, delegates and exhibitors to explore the possibilities for renewable energy in the country.
Organizer Larry Edeh says he has felt some opposition to developing the industry because of those with an interest in keeping Nigerians buying generators and fuel.
“We’ve noticed that some key people are not so keen about investing in renewable energy because most of them have some investments. Some of their co-investors have invested a lot of money on generators,” said Edeh.