The Log-istics of Carbon Dioxide Removal

Trees are the coolest source of CO2 Removal on the planet.

http://www.climatechangenews.com/2012/10/26/conservation-or-carbon-sinks-can-the-un-see-the-forest-for-the-trees/

Trees and vegetation are known to help cool ambient air temperatures through evapotranspiration.  If left undisturbed, forests can also be a vital source of carbon storage.  Estimates from the Global Forest Resources Assessment (FRA 2015) show that the world’s forests and other wooded lands store more than 485 gigatonnes (Gt) of carbon: 260 Gt in the biomass, 37 Gt in dead wood and litter, and 189 Gt in the soil.

In the most recent IPCC Special Report Summary for Policymakers (SPM), the world’s leading climate scientists assess the pathways the global community can pursue over the next few decades to prevent overshoot ofScreen Shot 2018-10-08 at 3.58.11 PM warming beyond 1.5°C.  The fact that all pathways to limit global warming to 1.5°C require mitigation via some form of Carbon Dioxide Removal (CDR) is not to be overlooked. But these removal amounts vary across pathways, as do the relative contributions of Bioenergy with Carbon Capture and Storage (BECCS) and removals in the Agriculture, Forestry and Other Land Use (AFOLU) sector.  BECCS sequestration is projected to range from 0-1, 0-8, and 0-16 GtCO2/yr, in 2030, 2050, and 2100 respectively; the AFOLU-related measures are projected to remove 0-5, 1-11, and 1-5 GtCO2/yr in these years.  These contributions appear meager, and they are… but every little bit counts in this climate.

A reasonable argument can be made for increased investment in and use of CCS to achieve emissions reductions.  The SPM makes it clear that forests alone won’t be able to make a significant numerical difference in reduction of CO2 from the atmosphere.  And as the New York Times aptly points out, “the world is currently much better at cutting down forests than planting new ones.”

On the surface, CCS seems like a logical outgrowth from the nature of GHG emissions production.  The IPCC’s Special Report on Climate Capture and Storage (SRCCS) describes CCS as a mitigation activity that Screen Shot 2018-11-15 at 11.37.30 PMseparates CO2 from large industrial and energy-related point sources, which has the potential to capture 85-95% of the CO2 processed in a capture plant.  Direct Air Capture (DAC) technologies like ClimeWorks remove CO2 from the air. Proponents argue that DAC is a much less land-intensive process than afforestation: Removal of 8 Gt/CO2 would require 6.4 million km² of forested land and 730 km³ of water, while DAC would directly require only 15,800 km² and no water.

However, as our blog has cautioned readers in the past, CCS requires significant financial investments from industry and government and are only regionally accessible.  Only places that have sufficient infrastructure and political support can pursue this path of technological sequestration, leaving underdeveloped countries at a major disadvantage.  A recent report published in Nature Research further emphasizes that BECCS will have significant negative implications for the Earth’s planetary boundaries, or thresholds that humanity should avoid crossing with respect to Earth and her sensitive biophysical subsystems and processes.  Transgressing these boundaries will increase the risk of irreversible climate change, such as the loss of major ice sheets, accelerated sea level rise, and abrupt shifts in forest and agricultural systems.  Above all else, CCS ultimately supports the continual burning of fossil fuels. CCS technology may capture carbon, but it also has the potential to push us over the edge.

Money tree

Mitigation has historically been the focus of the FCCC and other collaborative climate change efforts.  Global climate change policy experts are familiar with the binding language associated with activities related to mitigation in the multilateral environmental agreements: Article 4(1)(b) of the Convention calls for commitments to formulate, implement, publish and update national programs containing measures to mitigate climate change; and Article 3 of the Kyoto Protocol (KP) calls for Annex I Parties to account for their emissions reductions in order to promote accountability and activity guided by mindful emissions production.  In the waning hours of the KP, the Paris Agreement has become the new collective rallying document, whose ambitious emissions reduction target has inspired the likes of the IPCC to offer us pathways to get there.

If we are not currently on track towards limiting GHG emissions well-below 2°C in the grand scheme of the FCCC, why not insure some success, however small, buy securing CO2 in forests, not CCS?  Forests are a well-established CDR technology that do not have the associated risks with CCS.  While the most recent UN Forum on Forests report kindly reminds us that forests are also crucial for food, water, wood, health, energy, and biodiversity, the SPM upholds that mitigation contributions from carbon sequestration technology are numerically minuscule in the face of the large-scale change necessary to avoid CO2 overload.  A much more engaged energy overhaul is needed.

The ideal SPM pathScreen Shot 2018-11-15 at 11.10.17 PMway states that afforestation can be the only CDR option when social, business, and technological innovations result in lower energy demand and a decarbonized energy system.  A more middle-of-the-road scenario achieves necessary emissions reductions mainly by changing the way in which energy and products are produced, and to a lesser degree by reductions in demand.  This speaks to the need for a broad focus on sustainable development rather than continuing business as usual.  Regardless of the pathway, forests need to be preserved, whether it be for carbon sequestration, their cooling effects, or merely beauty.

Sometimes there is no turning back.


RE100 Businesses Pave the Way for Transitioning to Renewable Energy

images Ambition, pace, scale—these are the themes in shifting to an economy recognizing climate change. Companies pioneering this economic shift incorporated climate change as an significant factor in conducting business.

One of the leading organizations spearheading this movement is RE100. RE100 is a collaborative movement uniting over 150 well recognized companies across the world to commit to using 100% renewable energy. What is even more impressive is that these companies have acted on their own in addressing climate change, ahead of government direction. Remarkably, these corporations were able to shift to 100% renewable electricity, which garnered a competitive advantage enabling them to financially outpace their competitors.

A study by RE100 and Capgemini compared RE100 companies to non-RE100 companies by sector. It concluded that RE100 companies earn an average profit of 7.7% more than their competitors. Admittedly, the report’s analysis in no way suggests that switching to 100% renewable electricity is the sole cause of the profit difference. However, it is compelling that all RE100 companies have consistently outperformed the competition in their respective industries. Thus, it would suggest a strong correlation between switching to renewable electricity and above-average financial performance.

The switch to renewable electricity is done using multiple mechanisms simultaneously. Companies utilize a combination of energy power purchase agreements (PPA) and self-generated renewable electricity technology. Moreover, RE100 companies have developed new management structures, such as silo model, centralized model, and global model, to coordinate renewable electricity sourcing and efficient use infrastructure. The benefits of transitioning are significant.

For example, General Motors harnessed renewable energy sources from landfill gas, solar arrays, and wind farms. This combination has lowered operation costs by $80 million. The cost savings result largely from improved, cost-effective renewable technologies and government incentives. Landfill gas allows companies to lock into long-term prices that are cheaper and more stable than fluctuating natural gas prices. GM strategically built their own solar arrays and benefited from government feed-in-tariff programs. Finally, GM built wind projects in Mexico and Texas that generate over 34 MW, enough to power five manufacturing facilities.

Anheuser-Busch, another RE100 company, has procured PPAs for onshore wind projects to offset its dependence on traditional energy sources. Anheuser-Busch is in line to become the largest purchaser of renewable electricity and one of the forerunners in advertising renewable energy. The beer manufacturer uses its brand influence in its renewable electricity symbol campaign, where every pack of Budweiser will carry the symbol to celebrate its commitment to brew with 100% renewable energy.

The trend toward renewable energy is now gaining traction, and signals a tipping point to mass renewable. Since RE100’s inception, companies partnered through renewable energy purchase agreements have created 100% renewable energy demand of more than 184.6 TWh—enough energy to power Poland. Moreover, RE100 company surveys yielded that renewable energy costs have reduced significantly where it has been cost competitive against fossil fuels. Therefore the RE100 momentum would suggest that this trend is welcomed with open arms and significantly contributing to how other companies shape their tactics to address climate change.


Bridging the Gap between NDC Commitments and NDC Implementation

During this morning’s Joint High Level Segment, U.S. Special Envoy for Climate Change Jonathan Cooper Pershing delivered the U.S. National Statement. Addressing the combined meeting of the COP22/CMP12/CMA1, Pershing said, “With the policies already in place, the United States is well-positioned to meet its Paris Agreement targets” and that through current market trends, “the transition to clean energy is inevitable.” These are reassuring words to those wondering if the U.S. can bridge the gap between its Paris Agreement Nationally Determined Commitments (NDCs) and its policies.

Lord Nicholas Stern at COP 22 in Marrakech, Morocco

Lord Nicholas Stern at COP 22 in Marrakech, Morocco

Lord Nicholas Stern echoed these sentiments today at a COP 22 Grantham Research Institute on Climate Change and the Environment event presenting the institute’s latest COP study. Lord Stern, Grantham Institute Chair and member of the U.K.’s House of Lords, emphasized the importance of federal structure, stating, “The best way for Parties to implement NDCs is to create supporting policies regionally and locally through cities, states, and provinces.” Pledges are only as good as their implementation. Governments will need to continue to translate words into action through understanding, informed by research, science and policy.  Policy is the bridge. Parties now need the courage to cross it.


The end of gas-fired cars?

oslo downtownNorwegian Liberal Party MP Ola Elverstuen announced today that Norway’s four leading political parties have agreed on a ban of gasoline-powered cars by 2025. “After 2025 new private cars, buses and light commercial vehicles will be zero-emission vehicles. By 2030, new heavier vans, 75 percent of new long-distance buses, 50 percent of new trucks will be zero emission vehicles.”

Norway already has a good leg up on this transition.  Approximately 24% of its cars are electric. Oslo has debated banning cars completely (including e-vehicles) in downtown, while building 35 miles of bike lanes by 2019 to complement its public transport array of buses and trams.  The national government has provided incentives for purchasing e-vehicles for several years, including tax exemptions, extra parking, and bus-lane use.  Nudging consumers in this climate neutral direction is made easier by Norway’s copious hydroelectric power (96% of its electricity production energy mix, according to IEA). Consequently, the Tesla or Nissan Leaf has been the country’s top selling vehicle.

Nonetheless, today’s announcement has made car manufacturers see green – kroner, that is. Tesla CEO Elon Musk praised it, calling Norway an “amazingly awesome country.”


UK hits new carbon low

uk-energy-infrastrucutre-closures_499x255The United Kingdom’s carbon emissions have fallen to their lowest level since the 1920s. Coal consumption in 2015 fell 22% from 2014, and led to a 4% decrease in GHG emissions. Renewable energy produced 25% of the UK’s electricity in 2015. This trend is expected to continue in 2016, as four coal plants closed in March. The Cameron government has pledged to shutter all of the UK’s coal plants by 2025.  For more detailed analysis, read the Carbon Brief.


Global renewable investment surges in 2015

global trends in RE investmentFrom UNEP and Bloomberg New Energy Finance’s new report, called Global Trends in Renewable Energy Investment 2016: global investment in renewable energy was more than twice that in coal and gas in 2015. Renewable energy investment totaled a record $286 billion last year, with more than half of it ($156 billion) in the highest GHG-emitting developing countries  – China, India, and Brazil. China’s investment alone was 36% of the global total, having increased 17% over 2014. “All this happened in a year in which prices of fossil fuel commodities — oil, coal and gas — plummeted, causing distress to many companies involved in the hydrocarbon sector,” the report’s authors noted.

But the report also points out the empty part of today’s energy sector glass. “The outlook for power sector emissions remains alarming — despite the agreement at COP21 in Paris, and despite the growth of renewables detailed in this report.”   While renewables make up more than half of all new electricity installments, they currently only generate a little over 10% of the world’s total electricity currently on line.

For more details on policy changes needed to play catch up, read here.


Decoupling GHGs from GDP: Year 2

IEA 2015The International Energy Agency (IEA) released new data today showing that global GHG missions related to energy held steady again for the second year in a row while the global economy grew. Renewable energy was key to stabilizing emissions levels, with more than 90% of new energy generation coming from renewables – the highest level in more than 40 years.

From IEA director Fatih Birol’s perspective, “Coming just a few months after the landmark COP21 agreement in Paris, this is yet another boost to the global fight against climate change.  This means the decoupling of global emissions and economic growth is now confirmed.”

For more specific analysis, including the roles that the U.S. and China played in this result, read the press release and accompanying data set here.


Cleaning up India’s energy mix

dehli pollution2015 marked the first time that the average Indian was exposed to more air pollution from fine particulate matter than the average Chinese, reports Greenpeace. In response, India has introduced new taxes aimed at cutting pollution and reducing emissions.  The country’s finance minister announced this week a tax of up to 4% on new passenger vehicles.  It’s estimated that almost 40% of Dehli’s air pollution comes from vehicle emissions alone.

India is also taking aim at cleaning up its energy mix, both for local pollution abatement gains and for global GHG mitigation.  When announcing the car tax, the finance ministry also announced a doubling of its tax on coal, which comprises 70% percent of India’s energy mix. With an eye toward low carbon energy sources, the government plans to allocate $430 million for nuclear power development.

It also continues to emphasize solar energy development. The BRICS development bank, along with the World Bank and the Asian Development india solar missionBank, recently announced that they will each provide $500 million in financing for rooftop solar in India. These loans will be used to provide a 30% subsidy to public institutions that set up rooftop solar power systems. India aims to have 100 GW of solar power capacity operational by April 2022, with 40% of it coming from rooftop solar. Currently rooftop solar contributes only 10% of the total 5 GW solar power capacity.  To spur development, the Indian Cabinet recently approved a rooftop solar subsidy of $770 million by 2022 for public institutions, to complement the international development bank loan pledges.

 


The State of the U.S. States on Renewable Energy

RPS-cover_Page_1-232x300A new study on state renewable portfolio standards (RPS) concludes that in 2013 these state energy laws yielded $7.4 billion in benefits while costing only $1 billion. Conducted by researchers from the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) and National Renewable Energy Laboratory (NREL), the study specifically estimates that $2.2 billion in benefits came from reduced greenhouse gas emissions and $5.2 billion came from reductions in other air pollution (primarily from avoided premature mortality).  RPS policies require electricity providers to generate a set portion of their load from eligible forms of renewable electricity. They currently exist in 29 U.S. states plus Washington, D.C., and have been a driver for renewable electricity generation in the United States over the past decade.

Oregon is poised to join the RPS ranks. While this would not seem like news – the 30th state to join – what stands out is that Oregon’s utilities support the bill that sets a 50% renewables target by 2040 and ends all coal-fired power generation by 2030.  Over the past 10 years, electric utilities have not led the pack in RPS laws gaining steam.

 

 

 


Renewables can lead to 80% CO2 reduction in US electricity production

green-plant-in-the-light-bulbLast week’s edition of Nature Climate Change includes a new study done by NOAA and University of Colorado Boulder that helps us understand how the United States can meet its INDC pledge.

From the abstract:  Carbon dioxide emissions from electricity generation are a major cause of anthropogenic climate change. The deployment of wind and solar power reduces these emissions, but is subject to the variability of the weather. In the present study, we calculate the cost-optimized configuration of variable electrical power generators using weather data with high spatial (13-km) and temporal (60-min) resolution over the contiguous US. Our results show that when using future anticipated costs for wind and solar, carbon dioxide emissions from the US electricity sector can be reduced by up to 80% relative to 1990 levels, without an increase in the levelized cost of electricity. The reductions are possible with current technologies and without electrical storage. Wind and solar power increase their share of electricity production as the system grows to encompass large-scale weather patterns. This reduction in carbon emissions is achieved by moving away from a regionally divided electricity sector to a national system enabled by high-voltage direct-current transmission.


The Ying and the Yang of the Low Carbon Economy

 

Montgomery Cty DivisionThe call for a new low carbon economy is echoing through the halls of COP 21. In the opening ceremony, French President Francois Hollande, Prince Charles, and UN Secretary General Ban Ki Moon all urged the world to transition to a new low carbon economy.

 

Making that transition requires action on multiple fronts. First, countries must address market distorting and environmentally destructive fossil fuel subsidies. Second, countries must power their economies with renewable energy.

 

Two separate events today indicated that countries and industry are starting to make that transition. Friends of Fossil Fuel Subsidy Reform unveiled a communiqué calling on all countries to stop the subsidization of carbon intensive fossil fuels. Indian Prime Minister Modi and French President Hollande, launched the International Solar Alliance to help bring solar power to developing countries. Presented separately but connected by common goal, the two projects are cutting the path to a new clean energy economy.

 

Countries spend almost $500 billion/year on fossil fuel subsidies. They subsidize the consumption and production of fossil fuels. The subsidies unfairly tilt the market towards carbon intensive fossil by preventing clean energy technologies from competing on a level playing field. The FFFSR communiqué urged countries to take the money spent on fossil fuel subsidies and repurpose it to enhance education, health, and environmental programs. Countries have argued that subsidies are necessary to support the poor, who could not otherwise afford fuel. FFFSR research revealed that only 3 percent of subsidies are used to support the lowest income brackets.

 

The International Solar Alliance (ISA) is multi-country partnership to bring solar power to developing nations. The ISA is focused on increasing solar power generation in the 120 countries located between the Tropics of Cancer and Capricorn. Developing nations often have an abundance of solar potential but they lack the technology and finance to develop their resources. Germany, Italy, and Japan, the countries with the highest rates of solar penetration, are not rich in solar resources but are rich in technology and finance. The ISA will bring solar power to where it has the most economic and environmental potential.

 

The developing countries targeted by the ISA are areas where power usage is increasing. Adding renewable power to the grid in a developing country displaces high carbon emitting resources. For example, India is third largest consumer of coal in the world, it also has 300 million people who lack electricity. The type of electricity used to connect that group will have a huge impact on global climate change mitigation efforts. India is choosing the renewable energy pathway by setting a goal of 100 GW of installed solar power by 2020. India currently has 4 GW of installed solar power. To bridge this gap, India will need international financial and technology support.

 

India is investing $30 M USD in a new National Institute of Solar Technology with the goal of reducing regulatory hurdles, developing common standards to speed up production, developing innovative finance mechanisms, and supporting technology improvements. Estimates of the total investment needed to realize the solar potential of developing countries reach $1000 billion; a number that could be easily reached by re-tasking fossil fuel subsidies.

 

Developing nations have an untapped resource shining down on them. The ISA aims to spur transformative action in this field. Today, Prime Minister Modi started his announcement by stating that many Indians begin their day with a prayer to the sun. He ended his presentation by proclaiming that the ISA represents a “sunrise of new hope.” A sunset on fossil fuels would help the sun rise on a new low carbon economy future.


Will You Under 2 MOU?

The subnationals are firmly in the game.  At COP19 in Warsaw, they had their orange pinnies on while stretching and sprinting on the sidelines, showing the ADP coaches that they were ready.  “Bring in the subs” was my favorite 2014 blog headline.

CuomoYesterday New York’s Governor Andrew Cuomo decided that California’s Jerry Brown shouldn’t get all the playing time. Cuomo signed the Under 2 MOU, committing his state to take actions to limit global warming to 2 degrees Celsius. Under 2 MOU “brings together states and regions willing to commit to reducing their greenhouse gas emissions and will galvanize action at the Conference of the Parties (COP 21) in Paris this December.” Thus far, forty-three other subnational governments have signed this MoU, ranging from Canadian provinces British Columbia and Ontario to cities like Los Angeles and Nampula, Mozambique, and regional governments in Spain’s Basque Country and Nepal’s Kathmandu Valley.

What will the Empire State do after the ink dries?  Governor Cuomo announced several specific actions, some new and some that build on those already in play.  One new plan is to expand the Northeast’s Regional Greenhouse Gas Initiative (RGGI) and link it with the Western Climate Initiative, creating a North American carbon market. Another new initiative is requiring the State University of New York (SUNY), the largest statewide public university system in the U.S., to install renewable energy in its 64 campuses by 2020. SUNY currently has 20% energy efficiency improvement and 30% GHG reduction goals for 2020.  Governor Cuomo challenged private colleges and universities to match SUNY.  Finally, in the category of adding new to old, a commitment to bring solar energy to 150,000 more homes and businesses by 2020 builds on the $1 billion of public funds invested inNY Rev New York’s solar industry in 2013 via NY SUN Initiative and the additional $270 million and solar installations in 30,000 homes and businesses since then. A new twist in this 2015 announcement is the Shared Renewables program, which allows commercial projects to share power generated on their properties with surrounding community members.

Earlier this year, as part of the 2015 State Energy Plan, New York pledged to reduce GHG emissions 40% by 2030 and 80% by 2050 below 1990 levels. To do this, New York started Reforming the Energy Vision (REV), which we have blogged about.

At yesterday’s Under 2 MOU signing ceremony, Cuomo did not mince words about the need for subnational action on climate change. Failure to address the causes of climate change represents “gross negligence by government,” the Albany Times Union quotes him as saying, along with the public’s failure to hold their elected representatives responsible.  “In the case of climate change, denial is not a survival strategy.”


“It was the best of times, it was the worst of times”

tale of two cities“… it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.”

The opening paragraph of Charles Dickens’s A Tale of Two Cities came back to me when reading today about recent renewable energy policy changes in Britain and France.

The British government announced on Wednesday its plan to cut renewable energy (RE) subsidies. RE generation UK rooftop solarhas doubled in Britain during the last three years, with electricity from solar increasing 60% in the past year alone. Most of this growth is attributed to subsidy support.  Why, then, cut them? David Cameron’s Tory government says that it seeks to bring down consumer electricity bills, which have also risen almost 60% during the last decade. But the Guardian reports that the move will only save 50p a year. The government says that the renewable energy sector no longer needs subsidies to compete; it also admits that the subsidy program has experienced a £1.5bn cost overrun.   According to one RE industry official: “We appear to be entering another dark age where we will return to total fossil fuel reliance, power cuts, low confidence in UK investment, opening the door for fracking activities to maintain energy security.” A season of Darkness indeed. Read more here.

Meanwhile, on the other side of the Chunnel, the French government announced yesterday the passage of a new energy sector reform law that willnuclear in france reduce nuclear’s role in the country’s energy mix from 75% to 50% by 2025 and cap its total allowed capacity at the current 63.2 gigawatts. To fill this gap, the renewable energy share of France’s energy pie will increase to 23% by 2020 and 32% by 2030. The new law will reduce French CO2 emissions 40% from 1990 levels by 2030, in line with the EU’s INDC filed with the UNFCCC Secretariat at the end of March.  Just in time for France to welcome the UNFCCC’s 196 parties to “a season of Light” in the City of Light this December for COP21.


As goes California, so goes the Nation?

California solarJust a month after the U.S. submitted its Intended Nationally Determined Contribution (INDC) to the UNFCCC Secretariat, California Governor Jerry Brown has announced new, ambitious GHG emission mitigation goals for the state. While the U.S. is being chided internationally for its INDCs’ lack of mitigation and adaptation “ambition,” California is getting the limelight for stepping up.Brown’s executive order issued on April 29th “sharply speeds up this state’s already ambitious program” to reduce GHG emissions by 80% by 2050 (off the 1990 baseline emissions). This goal, ensconced in California’s first-in-the-nation climate change law, AB32, was viewed as visionary – if not unachievable – when enacted in 2006. Under this week’s order, the state will have the interim goal of reducing emission by 40% – the halfway point – by 2030.

In announcing the new target, Governor Brown highlighted its role in giving more precise direction to the energy industry and the state itself for making investment and regulatory decisions that move one of the top ten economies in the world toward its 2050 goal.

“It’s a real test,” Mr. Brown, a Democrat, said in a speech at an environmental conference in downtown Los Angeles. “Not just for California, not just for America, but for the world. Can we rise above the parochialisms, the ethnocentric perspectives, the immediacy of I-want-I-need, to a vision, a way of life, that is sustainable?”

But of course it comes at a cost. A recent study reports that to reach this new goal, California will need to double the energy efficiency of buildings and industry, source 50-60% of its electricity from wind and solar, and spur a significant increase in hybrid and zero-emission cars. It also projects that doing so will cost each Californian household $14/month.

With these targets, California becomes a major player in the upcoming COP21 negotiations in Paris, in the “ambition” company of the EU. Said Christiana Figueres, UNFCCC executive secretary of the conference, “California’s announcement is a realization and a determination that will gladly resonate with other inspiring actions within the United States and around the globe. It is yet another reason for optimism in advance of the U.N. climate conference in Paris in December.”


Renewable energy “disruption”

wind energyClimate Nexus Energy Desk news services asks us to think about how fast and furious renewable energy sources, like solar and wind, are scaling up.  It reports:

“New developments in Japan and Rhode Island, and at electric carmaker Tesla, are advancing the clean energy revolution. Following the Fukushima disaster, Japan is replacing much of its nuclear capacity with solar power. Japan is now one of the world’s four largest markets for solar panels with a large number of power plants coming online, including two giant arrays over water in Kato City and a $1.1 billion solar farm west of Osaka. In a much-anticipated announcement that could change the way households use electricity, Tesla will introduce on Thursday a new product line of consumer home batteries. The battery systems can store power from the grid when rates are low late at night, and can be paired with rooftop solar so homeowners can store the power they generate themselves. And off the coast of Rhode Island, Deepwater Wind began construction on what will be the nation’s first offshore wind farm. Once completed, the five-turbine, 30-megawatt wind farm will produce enough energy to power all homes and businesses on Block Island, which previously relied on diesel generators.”

“Analysts are forecasting continued high performance for stock in SolarCity and for renewable energy generally. SolarCity stock gained as much as 4 percent after investment bank Credit Suisse helped finance a $1 billion fund that will be used to further accelerate the company’s expansion plans. The funding is the largest to date for SolarCity, which also just raised a $750 million fund, including $300 million from Google, which is expected to finance 25,000 residential solar panel installations. And the United States Energy Information Administration forecasts renewable energy will be the fastest-growing power source through 2040. New investments in renewable energy rose from $9 billion in the first quarter of 2004 to $50 billion for 2015’s first quarter, according to Bloomberg New Energy Finance, and the volume of installed photovoltaic systems in the United States has grown every year since 2000.”

Hawaii, China and Bill Gates are also jumping on the clean energy bandwagon. “Hawaii has the nation’s highest electricity costs, so to save money Hawaiians are installing rooftop solar systems at an unprecedented rate. Rooftop systems now sit atop roughly 12 percent of Hawaii’s homes, by far the highest proportion in the nation. Their ability to put surplus power back onto the grid is creating challenges, and big opportunities, for Hawaii’s largest utility. China, the world’s top renewable energy producer, added over 5 gigawatts or solar capacity in the first three months of this year, almost equal to France’s entire supply of solar power. And Bill Gates is backing a company that will compete with Elon Musk’s Tesla to produce a cheap home battery that will go beyond lithium-ion technology.”

Even the Pope is preaching this message!  In his April 28, 2015 Declaration at the close of the Vatican’s summit on climate change, he announced: “The financing of sustainable development, including climate mitigation, should be bolstered through new incentives for the transition towards low-carbon energy, and through the relentless pursuit of peace, which also will enable the shift of public financing from military spending to urgent investments for sustainable development.”

So . . . what’s needed to complete the disruption?  Google, which had aggressively sought to develop its renewable energy capacity, stopped its R&D program, concluding that “for clean energy to achieve real economic superiority, fossil fuels should be priced commensurate with the damage they cause.”

In other words, it has to make sense and cents.

I currently live in Qatar, where petrol costs less per liter than the same amount of bottled drinking water.  The only way to complete the transition to 100% renewable energy is to internalize the true cost of fossil fuels, from phasing out national production subsidies and tax exemptions to putting a price on carbon emissions and thereby more accurately signaling to consumers the true costs of this product choice.  Only then will we do what we have to do.