With our concern for global warming, we are ramping up the use of renewables. The mainstream reporting lets you believe that renewables are just about to power the entire world. But this is flatly wrong.
The new World Energy Outlook report from the International Energy Agency shows how much renewables will increase over the next quarter century, to 2040. In its New Policies Scenario, which rather optimistically expects all nations to live up to their Paris climate promise, it sees the percentage increase less than 6 percentage points from 13.8% to 19.4%. More realistically, the increase will be 2 percentage points to 15.8%.
Most of the renewables are not solar PV and wind. Today, almost 10 percentage points come from the world’s oldest fuel: wood. Hydropower provides another 2.5 percentage points and all other renewables provide just 1.6 percentage points, of which solar PV and wind provide 0.8 percentage points.
Oh, and to achieve this 3.7 % of energy from solar PV and wind, you and I and the rest of the world will pay – according to the IEA – a total of $3.6 trillion in subsidies from 2017-2040 to support these uncompetitive energy sources. (Of course, if they were competitive, they wouldn’t need subsidies, and then they will be most welcome.)
Most people tend to think about electricity for renewables, but the world uses plenty of energy that is not electricity (heat, transport, manufacture and industrial processes).
Actually, if the world miraculously could make the *entire* global electricity sector 100% green without emitting a single ton of greenhouse gasses, we would have solved just a third of the total global greenhouse gas problem.
As Al Gore’s climate adviser, Jim Hansen, put it bluntly: “Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and [the] Tooth Fairy.”
We need to get real on renewables. Only if green energy becomes much cheaper – and that requires lots of green R&D – will a renewables transition be possible.