GGGI Energy Forum 2017: 100% renewable electricity supply is feasible

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100% renewable electricity is feasible at every hour throughout the year, said Hans-Josef Fell at the GGGI Energy Forum in Seoul. Image: Hans-Josef Fell

The Global Green Growth Institute (GGGI) and Hanwha Q Cells held the GGGI Energy Forum 2017 last Friday in Seoul.

Under the theme of “Green Energy – Energizing a Sustainable World,” the GGGI Energy Forum serves as a platform for energy experts, politicians and companies from various nations to discuss the world’s transition to 100% renewable energy. The aim is to share knowledge, expertise and experiences in green energy, renewables, and finance.

With continually decreasing renewables prices, the global energy transition is progressing at a faster rate than the world has expected. Already, wind and solar are the cheapest sources of electricity, with storage technology to soon follow. Disruptive technology improvements in the renewable energy sector and the search for practical solutions to climate change, air pollution, poverty, and refugee crises are accelerating the process.

The GGGI Energy Forum started with keynote speeches, followed by an interactive discussion among the participants, who shared how their respective countries are making transitions to low-carbon and renewable economies.

One highlight was the presentation by the South Korean government on the policy shift towards alternative sources of energy. Currently, renewable energy, such as solar and wind power, accounts for just 2 percent of South Korea’s electricity production, while coal-fired power plants and nuclear reactors generate about 40 and 30 percent, respectively. The Moon Jae-in administration is making a strong push to increase the share of renewables considerably.

Hans-Josef Fell, President of the Energy Watch Group and member of the German Parliament from 1998 to 2013, gave an inspiring speech on his experience of working on the Renewable Energy Sources Act or Erneuerbare-Energien-Gesetz (EEG) and sharing his views on how South Korea can phase out nuclear energy and make a transition to renewables. He commented that “Effective climate protection needs a global transition to a zero emission economy in just a few decades. A global transition to 100% renewable electricity is feasible at every hour throughout the year and is also more cost effective than the existing fossil and nuclear system. This is the result of a study by Energy Watch Group that what was presented recently at COP-23 in Bonn, Germany.”

 

2017-11-24 | Source: Hanwha Q Cells | solarserver.com © EEM Energy & Environment Media GmbH

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