The eight largest economies
“G8” have recently agreed to an 80% reduction in carbon dioxide (CO2)
emissions by 2050 – with the goal to limit temperature rise to just 2oC
(3.6oF). While this pledge did not include either India or China,
the G8 target is significant as it requires a re-tooling of the global energy
system. All fossil fuel combustion creates CO2. Today, about 50%
of the all electricity comes from coal, and 99% of all transportation uses
petroleum. To meet this 80% reduction target, we must change the way we do
business.
Following the Fukushima nuclear accident in Japan,
every nation is reviewing their energy mix for security and safety reasons.
Switzerland has 5 nuclear reactors, but is now considering a phase-out of these
plants at the end of their useful life. This baseload energy will need to be
replaced. As with many nations, Switzerland is blessed with abundant
hydropower, wind, biomass and solar potential. The European grid will
enable the 24/7 trade of any excess production with their neighbors.
Scotland is another nation
that’s committing to 100% renewable energy by 2020.
This summer, GENI has 40
interns from around the world conducting research on the renewable energy
potential of each OECD country. Our challenge for them: Could their country
transition to 100% renewable energy in 10 years if required? What are the
costs and benefits, the raw materials required, and jobs created?
Last month we announced our move to our new location in downtown San Diego. We
moved on June 1st and invite you to visit and see how we leverage
your support to accelerate this initiative globally.
Our
new address: 1088 3rd Ave, San Diego, CA 92101
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In partnership for the
planet,
