Schlagwort: financial modeling

New Study: 100% Renewable Energy across Europe is More Cost Effective than the Current Energy System and Leads to Zero Emissions Before 2050

As climate discussions are underway among global leaders at COP24, the annual United Nations Framework Convention on Climate Change (UNFCCC) conference, a new report released Tuesday showcases the feasibility of a European energy transition to 100% renewable sources. The new scientific study shows that the transition to 100% renewable energy will be economically competitive with today’s conventional fossil fuel and nuclear energy system, and lead greenhouse gas emissions to zero before 2050. The study’s financial case for an energy transition becomes even stronger when taking into account significant projected job growth and the indirect economic benefits for health, security, and the environment, that were not factored into the study.