CFE agenda 080816 - Laserfiche WebLink

Browse Search

ClimateProgress Significantly, the $7.8 trillion investment in renewables and ongoing price drops are all just what BNEF expects to happen on our current path. It's "business as usual." It does not assume the world embraces the policies needed to drive the investments necessary to stabilize below the 2 °C (3.6 °F), as the nations of the world have unanimously agreed to do in Paris last December. In the below -2 degrees Celsius scenario, "the world would need to invest another $5.3 trillion in zero - carbon power by 2040." Also, given how increasingly cost competitive solar and wind are on their own over the next decade or two, the trend to put a price on carbon in a growing number of countries around the world means that, for those nations, renewables will be competitive even sooner. Capacity Factors Go Wild BNEF explains that one of the "massive shifts coming soon to power markets" is: "Capacity Factors Go Wild." The capacity factor is the "percentage of a power plant's maximum potential that's actually achieved over time." 50% 40%. 301%, 2'01% to 0% tON) (jxr,rrraara'r,age of ft, nwaxirrrum rated capacity tlhat's ac"Nevu Over^ tfknn ) t dt t W, t J2 JIttr 4000 20041 2006 IV' 2 12ttt 02 Wind, for instance, "varies in strength with the time of day, weather, and the seasons." That means "a project that can crank out 100 megawatt hours of electricity during the windiest times might produce just 30 percent of that when averaged out over a year." That would be a 30 percent capacity factor. 3 http: / /thi n kprogress.org /cl imate/ 2016 /06/13/ 3787700 /coal - gas - plants- cheap - renewables/