The Smart Energy
Is business as usual enough?
With existing and mature technologies it is possible to achieve savings of up to 30% at the end-use level. Will this be adequate to reduce CO2 emissions by 20% by 2050? The IEC believes not.
Figure 1 shows the three principal scenarios for electricity-related CO2 emissions3:
1. do nothing “business as usual”. This scenario means an unacceptable warming of the climate.
2. apply current technologies. This involves increased efficiency for products and vehicles and an increase in current types of renewable power generation, resulting in a smaller increase in emissions.
3. apply planned but not yet fully ready technologies. This scenario involves innovations such as the Smart Grid, carbon capture, and manufacturing systems integrated for efficiency, bringing a decrease in emissions which may sufficiently limit climate change.
Figure 1 - Schematic of the effects of applying different technology levels