Philip Hirschhorn and Tom Brijs
Will Electricity Be Free? Not When You Really Need It
Boston Consulting Group, 2022
What's inside?
Is price volatility an inextricable side effect of renewable energy?
Recommendation
In 2020, variable renewable energy (VRE) met about 9% of global energy needs. That number will need to rise to 70% to achieve net-zero emissions by 2050. The catch is that total energy needs will increase about 2.5 times by 2050. In general, more renewable energy generation means more price volatility – and price volatility for a vital necessity, both for consumers and industry, is a daunting prospect. In this Boston Consulting Group report, Philip Hirschhorn and Tom Brijs discuss data from regions that already have high renewable energy production.
Summary
About the Authors
Philip Hirschhorn (Sidney) and Tom Brijs (Brussels) are professionals with the Boston Consulting Group.
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