Europe could switch to low carbon sources of electricity, with up to 100% coming from renewables by 2050, without risking energy reliability or pushing up energy bills, according to a major new study, ‘Roadmap 2050: a practical guide to a prosperous, low-carbon Europe’, developed by the European Climate Foundation (ECF) with contributions from McKinsey, KEMA, Imperial College London and Oxford Economics. It says that a transition to a low or zero carbon power supply based on high levels of renewable energy would have no impact on reliability, and would have little overall impact on the cost of generating electricity.
Matt Phillips, a senior associate with the ECF, said “When the Roadmap 2050 project began it was assumed that high-renewable energy scenarios would be too unstable to provide sufficient reliability, that high-renewable scenarios would be uneconomic and more costly, and that technology breakthroughs would be required to move Europe to a zero-carbon power sector. Roadmap 2050 has found all of these assertions to be untrue. ” (as quoted by BusinessGreen.com)