Will Electricity Be Free? Not When You Really Need It
Boston Consulting Group,
2022
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Recommendation
In 2020, variable renewable energy (VRE) met about 9% of global energy needs. That number will need to rise to 70% to achieve net-zero emissions by 2050. The catch is that total energy needs will increase about 2.5 times by 2050. In general, more renewable energy generation means more price volatility – and price volatility for a vital necessity, both for consumers and industry, is a daunting prospect. In this Boston Consulting Group report, Philip Hirschhorn and Tom Brijs discuss data from regions that already have high renewable energy production.
Take-Aways
About the Authors
Philip Hirschhorn (Sidney) and Tom Brijs (Brussels) are professionals with the Boston Consulting Group.
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