Read this, and think of Energy East pipeline Brad Wall is pushing hard for.
Most of the globe’s coal, natural gas and oil investments will ultimately be affected by the transition, Seba suggest, at risk of becoming “stranded assets” — resources that lose their value before the expected end of their economic life.
“They are going to be stranded over the next five to 15 years,” he maintains. “It’s not going to take us over 40 years.”
Solutions Project calculates that 70 per cent of all the net new electricity generation in the U.S. last year was from wind and solar; another 25 per cent came from natural gas.
Meanwhile in Europe, Jacobson says if you look at the net gains minus losses, “100 per cent of new generation was from clean-energy sources.”
Here are some figures regarding present energy and electricity use across Canada.
And here’s a cool one about solar:
“At this point, 20 U.S. states have reached what economists call “grid parity” for solar power: the point at which solar energy costs no more than fossil fuels. Energy research company GTM estimates 42 states will reach that point by 2020.”
Stanford business professor Tony Seba, …whose advice has been sought in boardrooms from Tokyo to Paris, is confident that solar and wind are key to sweeping away the industrial age of transportation and energy — and fast. He suggests we can reach that magic number of 100 per cent within 15 years.
“The solar-installed capacity has doubled every two years since the year 2000. Doubled every two years,” he says. “If you keep doubling that capacity, all you need is seven more doublings in order for solar to be 100 per cent of the world’s energy supply.”
For math lightweights, that’s 7 times 2 years. 14 years from now is 2030. If you go out tonight and get pregnant, by the time the child becomes a teenager, Canada could have no coal plants, or natural gas plants in operation to produce our electricity. That’s awesome!