The Energy Transitions Commission's Groundbreaking Report on Renewable Power Systems
Transforming Power Systems: A New Era of Renewable Energy
The Energy Transitions Commission (ETC) has boldly outlined a vision for the future of energy in its recent report titled Power Systems Transformation: Delivering Competitive, Resilient Electricity in High-Renewable Systems. This groundbreaking document emphasizes the feasibility and competitiveness of power systems predominantly fueled by wind and solar energy.
Transition to Renewable Energy
The report forecasts a monumental shift in how the world meets its energy needs, projecting that by 2050, up to 70% of global final energy consumption can be derived from electricity. Currently, electricity accounts for about 20% of global energy needs, but the increasing efficiency and decreasing costs of renewable technologies are set to triple global electricity demand to approximately 90,000 TWh.
Countries across the globe, particularly those in the