Insight
Deep decarbonization requires deep pockets – trillions required to make the transition
Report summary
Momentum is building for the energy transition as policymakers are pushing the “RE100” discourse to center stage. Achieving a fully decarbonized grid will require trillions in renewable power generation investment, step changes in storage technology and a more aggressive approach to high voltage transmission deployment. The goal is attainable, but aggressive timelines risk public backlash and market disruption that could derail the effort.
Table of contents
- Executive summary
- Introduction
-
Operational challenges associated with RE100 policies
- Feast or famine – coping with intermittency
- Tallying the price of transition – a US example
- Buildout of wind and solar capacity to meet RE100
- Storage investments to backstop intermittency
- Transmission costs
- Cost inflation given supply chain requirements
- Crafting compromises – charting a path forward
- 1. Allow time for new technologies to be commercialized
- 2. Extend time horizons to 2040 or 2050
- 3. Allow for inclusion of zero-carbon technologies
- 4. Reduce mandates from ZC100 to ZC80
- Conclusions
Tables and charts
This report includes 3 images and tables including:
- Figure 1: Hourly wind and solar generation share for select LCPS
- Figure 2: Hourly power prices at varying levels of W+S market penetration
- Figure 3: Transitions costs vs levelized costs of renewables
What's included
This report contains:
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