Renewables
in sentence
267 examples of Renewables in a sentence
As a new global platform for renewables, IRENA will provide policy advice and assist in capacity building and technology transfer.
By 2020, it plans to get 47% of its electricity from
renewables.
While wind energy is cheaper than other, more ineffective renewables, such as solar, tidal, and ethanol, it is nowhere near competitive.
With its “20-20-20” policy, the EU has promised that, by 2020, it will cut its carbon emissions by 20% below 1990 levels, and increase its reliance on
renewables
by 20%.
(This is also why simple calculations based on costs per kWh are often grossly misleading, helping to make wind and other intermittent
renewables
appear to be cheaper than they are.)
Nonetheless, the lesson is clear: if the goal is not just to cut CO2 emissions, but also to use
renewables
to do it, the models show that the cost balloons to £188 billion for this decade and £36 billion every year after 2020.
Between now and 2030, the INDCs indicate that renewable-power capacity will grow four times faster than fossil-fuel capacity, with 70% of this new
renewables
investment in emerging and developing economies.
European directives require that 20% of energy must come from
renewables
by 2020.
For example, some governments have retroactively changed their policies for renewables, which has made investors more cautious.
Now Germany, along with Spain, is focusing on
renewables
like wind and solar – but remains highly dependent on fossil fuels when there is no wind or sun.
After all, progress on such strategies – part of the Paris agreement – sends a strong signal to investors seeking to mitigate climate-related risks and take advantage of new opportunities in renewables, electric vehicles, and batteries.
Building more wind and solar generating capacity with subsidies means societies end up paying three times for power – once for the power, once for subsidies to inefficient renewables, and once more to subsidize our now-inefficient fossil fuels.
That is why only geoengineering, not investments in renewables, can be an insurance policy.
Low-carbon electricity – whether from
renewables
or nuclear – entails very high upfront capital investments but near-zero marginal operating costs.
With carbon prices as the sole policy instrument, risk assessments of
renewables
investments would reflect highly uncertain forecasts of fossil fuel and marginal electricity prices far into the future.
Fixed-price contracts for certain delivery are a more effective policy to stimulate
renewables
investment than carbon prices.
Auctions for such contracts should remain a key feature of
renewables
markets, even now that the prices set at auctions often undercut the likely future cost of fossil-fuel-based power generation.
Carbon prices are also essential because the same technological progress that is driving rapid reduction in the cost of
renewables
is also enabling dramatic declines in fossil-fuel production costs, particularly in the shale industry.
One is simple self-interest: the fossil-fuel industry will be a bad investment in a world that is shifting decisively to
renewables.
In certain businesses,such as care chemicals (used for personal hygiene and home care and so forth),the figure can be much higher, depending on the market and the level of demand.But, even if the share of
renewables
were suddenly and dramatically increased, thiswould not necessarily produce the desired outcomes, because being “bio-based”is not intrinsically sustainable, and sustainable consumption does not involve onlyreplacing fossil with renewable feedstock.
South Australia, meanwhile, has developed the most supportive regulatory framework for renewable energy investment in Australia, enabling an increase in renewables’ share in power generation from virtually zero in 2003 to almost 40% today.
After the humanitarian situation is stabilized, policymakers should focus on providing Puerto Rico with stable, reliable, and cost-effective electric power, generated primarily by
renewables
and distributed over a smart, resilient grid.
Moreover, at least 50% of all energy could come from
renewables
(solar, wind, tidal, and more), including through the use of advanced storage technologies, some of which are currently under development.
All of this (with the exception of large-scale storage for renewables) is achievable with existing technology.
Even seemingly purposeful projects can seriously backfire: only a few years ago, Europe’s well-intentioned efforts to stimulate
renewables
resulted in a solar energy bubble of macroeconomic proportions.
Whereas cutting greenhouse-gas emissions is necessary, the current generation of relatively inefficient
renewables
should not be deployed at the expense of the development of more cost-effective technology.
The exact opposite is occurring with
renewables.
As the price of nuclear power steadily rises and that of
renewables
falls, inevitably the cost curves will cross.
The way forward is to pursue more ambitious and consistent climate and energy policies that drive the massive deployment of renewables; install new load-balancing electricity grids; and ensure large-scale adoption of energy-efficiency measures.
In the aftermath of the Fukushima meltdown, European Commission President José Manuel Barroso said that now is the time for the
renewables
sector to “prove itself as a scalable, affordable, and secure energy source….I believe that is going to happen.”
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