New report argues for 100% renewable energy

News Article - 23 April 2010
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A comprehensive study released last week reveals that 100% renewable energy supplies are technically feasible and financially attractive investments. The study concludes that Europe can switch to low-carbon energy sources with no detrimental effects on reliability or costs.

The report, entitled Roadmap 2050: a practical guide to a prosperous, low-carbon Europe, has been developed by think tank the European Climate Foundation (ECF) in addition to leading industry experts and academics around the country.

Before it was published concern existed that new technology was needed to make zero-carbon power financially attractive, preventing uptake of green investments from the business community. The new analysis argues that whilst technological improvements would drive down the cost of renewables, 100% efficiency from green energy projects is currently feasible - and cost-effective - using today's technology.

The report also emphasises tangible benefits that would result from a European move to carbon-neutral energy supplies, such as improved energy security and economic prosperity. But it says that the move to carbon-neutral power would need a number of Europe-wide commitments to succeed, including major countries prioritising energy efficiency measures and supporting rapid development of a 'supergrid.' 

The report calls on businesses to undergo significant and sustained investment in low carbon technologies and to commit to phase out assets with large carbon footprints. By showing carbon-neutral energy supplies are financially attractive and highly feasible, the ECF report has ramped up pressure on UK companies to support green energy initiatives and make the right choices. As further studies are released that stress the importance of greener energy supplies, businesses will find it harder and harder to shy away from eco-friendly investments.

In addition, as carbon neutralisation becomes an accepted and widespread investment, companies that cannot show a commitment to at least reducing their carbon footprint may face reputational damage and a negative impact on business relationships as a result. 

Businesses must strengthen infrastructural capacity to cope effectively with eco-friendly projects. Measuring and reporting carbon emissions is an important first-step, as the success and direction of carbon-reduction programmes is dependent on the ability to accurately track the most carbon-intensive areas of the business and focus resources efficiently.

For more information, please call Access on 0845 345 3300.

Article keywords: reporting carbon emissions, Roadmap 2050, European Climate Foundation, ECF, carbon-neutral power, carbon-neutral energy supplies

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