According to London-based think tank Carbon Tracker’s report titled “The Limit Sky”, solar power capacity has grown by an average of 39 percent and wind power capacity by 17 percent, depending on the falling costs for the last 10 years. These growth rates accelerate efficiency and development efforts that will further reduce panel and turbine costs.
Financial markets are increasingly aware of the opportunities in clean energy, as revenue from the public offerings of clean energy companies for the first time in the past year has outstripped fossil fuel companies.
According to the report, which stated that the world energy consumption was 65 thousand terawatt hours in 2019, there is an annual electricity generation potential of 5.8 million terawatt hours with the existing technologies only in solar energy. In land and offshore wind energy, this figure is calculated as 900 thousand terawatt hours per year.
Thus, solar and wind can meet 100 times the world energy demand with approximately 6.7 million terawatt-hours of electricity generation potential. Despite this, currently 0.01 percent of the potential is used in solar energy and 0.16 percent in wind. The energy policies of the countries are seen as the only challenge in taking advantage of this potential.
FOSSIL FUELS MAY BE HISTORY IN ELECTRICITY GENERATION IN 2050
According to the report, the high economic and potential of renewable energy, its critical importance in combating climate change, and its contribution to the energy independence of countries provide a great change in the global energy sector.
Currently, 60 percent of solar energy potential and 15 percent of wind energy can be produced at more economical costs than fossil fuels in the world. All of the solar energy potential, and more than half of wind energy, will be cheaper than fossil fuels by 2030.
Unlike coal, oil and natural gas, the current growth rate of wind and solar energy, which are inexhaustible resources, will largely push fossil fuels out of the electricity generation sector by the mid-2030s, according to the report.
Solar and wind will be able to meet all the world’s electricity demand with cheap and clean technologies by eliminating fossil resources in 2050.
AFRICA IS A CANDIDATE TO BE THE SUPER POWER OF RENEWABLE ENERGY
According to the report, which is examined in 4 categories as “extremely high”, “high”, “adequate” and “low” in terms of country potential, Sub-Saharan African countries, which can provide at least 1000 times their energy demand from sun and wind, rank first with their extremely high potential. Africa stands out as a candidate continent to be a superpower in renewable energy with 39 percent of the total potential in solar and wind.
WE WILL MEET AT LEAST 100 FOLD OF THE ENERGY DEMAND FROM THESE RESOURCES
Countries such as Australia, Chile and Morocco are in the “high” category, while countries such as China, India and the USA, which can produce 10 to 100 times their energy demand from solar and wind, are in the “sufficient” category. Turkey was also among those countries where domestic demand stands out as the most important of all categories to meet the terms of the said sources.
In the last category, there are countries that make up Japan, Korea and a large part of Europe. These countries are faced with difficult political decisions about how to use renewable energy sources most efficiently.
Kingsmill Bond, Carbon Tracker energy analyst and lead author of the report, stated in his evaluation of the report that a new era has entered that can be compared with the industrial revolution, “Energy will become a cheap resource and will be accessible to millions of people, especially in low-income countries. and as our dependence on natural gas decreases, so will geopolitics. Renewable energy will fight the climate crisis and free the planet from deadly pollution. ” used the expressions.
Harry Benham, president of think tank Ember-Climate and author of the report, pointed out that the world does not need to use all of the renewable energy sources, “Only 1 percent of renewable resources are enough to replace fossil fuels.” found the assessment.
ÇOBAN MADE A NEW DIMENSION TO WIND ENERGY