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A total shift to renewable energy would pay for itself through cost savings within two decades, and ultimately save Australians $20bn a year in combined fuel and power costs, a new report says.
The report, released on Thursday morning, outlines a path to powering homes and businesses from renewable sources by 2030. By 2035, 40% of transport could be emissions free, it says.
The CPA estimates the household cost savings from transitioning to renewable power will account for 110% of the cost to finance the shift. Carbon pollution is estimated to reduce from about 450m tonnes in 2015 to 196m tonnes in 2030.
PLANS to run a tidal power barrage between France and Alderney have been submitted to the French government.
Atlantis claimed that this will drive down the unit-cost of electricity over the lifetime of the tidal energy infrastructure – the Levelised Cost of Energy – to lower than that of any offshore wind farm currently being built in the UK or France.
The study concluded that the Race had one of the best tidal energy resources in the world, and Atlantis said that if implemented this would be the largest tidal power project in existence.
Electricity would be used to split water into hydrogen and oxygen, with the hydrogen functioning as a form of energy storage for renewables. The gas would later be blended in with normal gas supplies for heating supplies, sent to fuel cells to generate electricity, or used for topping up hydrogen vehicles, iMechE said in a report backed by the gas industry.
The renewable energy industry employed more than 10 million people in 2017, according to new figures published this week by the International Renewable Energy Agency, thereby surpassing the 10 million jobs figure for the first time thanks to an addition of more than 500,000 new jobs around the world.
The International Renewable Energy Agency (IRENA) published its fifth annual Renewable Energy and Jobs annual review this week, revealing that renewable energy employment in 2017 had increased by 5.3% since 2016, an increase of over 500,000 jobs which brings renewable energy jobs up past the 10 million milestone for the first time ever.
Round 1 and 2 projects could be cancelled or subsidies renegotiated
France is paving the way to renegotiate subsidies for the country's first offshore wind farms or even cancel the projects, which were awarded in the Round 1 and 2 tenders in 2012 and 2014.
The proposals, first reported in the subscriber-only newsletter reNEWS, are included in draft legislation currently under discussion in the French parliament that could allow the government to offer already permitted offshore wind projects in future tenders.
The amended legislation states that “in certain cases, especially when technical progress allows for considerable cost reductions, the government could renegotiate the conditions under which the bids were awarded”.
It adds that “if a renegotiation of the contracts isn't possible, one option could be to cancel the project and launch a new (bidding) procedure”.
The law will be discussed in the French Senate this week and could come into force in the coming weeks.
Martyn1981 wrote: »
Possible 7MW monster wind turbines for Scotland ...... but these are on-shore!CWP maps 400MW onshore giant
Sanquhar 2 to feature up to 58 turbines of 7MW in SW Scotland
Coastalwatch wrote: »
Thanks for that Mart. In following the link I spotted another heading "Vince seeks to sink Swansea Lagoon". Had to have a look and post the following link as an interesting alternative, cutting the original proposal costs by around half. It offers two similar tidal projects in the Solway Firth!http://renews.biz/111073/vince-plots-to-sink-swansea-lagoon/
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