With renewables booming and nuclear power in terminal decline, energy ministers should back the clear favourite in discussions around the EU 2050 energy roadmap, the environmental group said.
Renewables are rocketing and made up over half of all newly installed electricity capacity in the EU from 2000 to 2011 [1]. Costs are falling rapidly, with electricity from onshore wind turbines down by about 75 percent since 1984 [2] and electricity from solar down 75 percent since 2000 [3].
Meanwhile, nuclear capacity in Europe shrank by eight percent from 2000 to 2011 to only 14 percent of total power generation capacity [4]. Costs for nuclear have consistently risen since the 1970s [5]. Electricity from new French-designed reactors are predicted to be higher than prices for wind and solar in most locations [6]. This doesn't take into account the full costs of nuclear liability, long-term waste storage or decommissioning.
The European Commission points to renewables forming the backbone of any future energy system at no extra cost. Its EU Energy Roadmap 2050 predicts the share of renewable energy will rise to at least 55 percent, while for electricity, renewables could meet nearly 100 percent of demand by 2050 [7].
"Renewables are surging ahead in the technology race. Nuclear power is the old horse at the back of the pack that can only watch the renewables thoroughbred racing past to a two-length lead. It is obvious which horse energy ministers should back for a brighter energy future," comments Greenpeace EU Energy Policy Director, Frauke Thies.
Ministers will also discuss the ailing European carbon market during the meeting in Denmark. "The carbon market is said to be Europe's 'flagship' climate tool, but it is a flagship that's flooded with excess credits and taking us nowhere. To avoid a titanic loss of face, ministers need to signal a purge of surplus credits that are preventing the market from doing its job," concludes Greenpeace EU Climate Policy Director, Joris den Blanken.
References
[1] www.ewea.org/fileadmin/ewea_documents/documents/publications/statistics/Stats_2011.pdf
[2] According to Bloomberg, prices fell from €200 per megawatt hour (MWh) in 1984 to about €52 per MWh in 2011.
[3] According to the International Energy Agency, prices have fallen by 75 percent to around €200 per MWh today, and projected to decrease to between €80 and €170 per MWh by 2020.
[4] www.ewea.org/fileadmin/ewea_documents/documents/publications/statistics/Stats_2011.pdf
[6] Electricity generation costs over the lifetime of the plant based on US Department of Energy cost methodology and data, with capital costs updated to current market prices.
[7] www.greenpeace.org/eu-unit/en/Publications/2011/2050-energy-roadmap/
[Inset: Chase the Sun wins the Riverton Cup i New Zealand earlier this month]
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