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Symposium 2012

Solution for Reassessing Renewable Energies

The Challenge

Two thirds of global electricity is generated from fossil fuels. This implies that more than 40% of global carbon emissions from burning fossil fuels stem from electricity generation. While there is p ...

Two thirds of global electricity is generated from fossil fuels. This implies that more than 40% of global carbon emissions from burning fossil fuels stem from electricity generation. While there is potential for efficiency improvements, global demand for electricity is expected to rise, which will further aggravate the problem, especially in developing countries.

Finance the transition to renewable energy by redirecting fossil energy subsidies and, especially in developing countries, by using international oil revenues.

Renewable energy still comes at a higher cost compared to conventional energy. At present, several (developing) countries sell domestically produced oil at a price below the world market price for domestic use. If this energy is replaced with energy from renewable sources, the oil could be exported and sold at the higher international price. The price differential gained from selling the precious resource rather than using it at home could help to finance the transition to renewable energy.

On a global scale, annual energy subsidies add up to US$500 billion. Part of these subsidies could be rerouted into renewable energy. In general, subsidies for fossil fuel energy should be reduced as they provide an incentive for the overuse of energy.

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    Symposium 2012

    Start building up an environmentally sustainable capital stock of power plants for the future.

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    Symposium 2012

    Local circumstances should dictate the renewable energy mix.

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    When evaluating renewable energy sources, adopt a holistic approach, considering all the potential contributions to sustainability and all the potential stumbling blocks rather than focusing only on climate change.

    When evaluating renewable energy sources, adopt a holistic approach, considering all the potential contributions to sustainability and all the potential stumbling blocks rather than focusing only on c ...

    When evaluating renewable energy sources, adopt a holistic approach, considering all the potential contributions to sustainability and all the potential stumbling blocks rather than focusing only on climate change.

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