100% renewables more cost effective than fossils
A new groundbreaking study by Lappeenranta University of Technology (LUT) and the Energy Watch Group (EWG) simulates a global electricity system based entirely on renewable energy on an hourly basis throughout a whole year. Its results prove that the existing renewable energy potential and technologies, including storage, are able to generate sufficient and secure power worldwide by 2050. Under favourable political conditions, full decarbonisation and nuclear phase-out of the global electricity system can succeed even earlier than that. The study proves that a 100% renewable electricity is more cost effective than the existing system, which is largely based on fossil fuels and nuclear energy.