In order to reach the energy transition in Europe by 2050, our continent has to increase the energy capacity derived from renewable sources by almost 18,350 MW per year, requiring more than 100 billion euros per year, equal to 0.68% of GDP. Our action plan aim is to achieve the following objectives:
1) Concentrate investments on renewable power plants to replace existing old power technology, ridding target countries of the need to use fuels for electricity production;
2) Distribute new plants close to places of energy consumption in a logic of delocalized small plants energy production (1÷10MW) spread throughout the country without the need for new costly and vulnerable electric transportation infrastructure;
3) Start with targeted programs for electric self-sufficiency in european countries with a gross electricity consumption lower than 50 TWh.
Europe’s electricity is principally derived from fossil fuel (53.5%), followed by nuclear (12.9%), hydroelectric plants (10.7%) and other renewable sources (22.9%).
Production: 3.166 trillion kWh
Consumption: 2.771 trillion kWh
Exports: 336.2 billion kWh
Imports: 349.5 billion kWh o
Installed generating capacity: 947,000 MW
- from fossil fuels: 53.5%
- from nuclear fuels: 12.9%
- from hydroelectric plants: 10.7%
- from other renewable sources: 22.9%
Rate of self-sufficiency: 38%
Emissions from the world coal power stations must halve by 2030, and be almost erased by 2040. This is an incredible challenge. It requires a change of mindset: the electricity production derived from coal is unacceptable”. In order to reach this goal, the world needs to plan how to phase out coal exploitation.
European countries must take the lead on phasing out coal exploitation. They are in a strong position: electricity demand is falling and renewables targets are already in place.
Furthermore Europe coal power stations are mostly old, inefficient and uneconomic. For many countries, phasing out coal would not be a big step. In each one, including those remained stuck in coal exploitation like Germany and Poland, a national coal phase-out plan will be necessary to guide the energy transition over the coming years.