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  Impact of declining renewable energy costs on electrification in low-emission scenarios
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Impact of declining renewable energy costs on electrification in low-emission scenarios.pdf (Publisher version), 5MB
 
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 Creators:
Luderer, Gunnar1, Author              
Madeddu, Silvia1, Author              
Merfort, Leon1, Author              
Ueckerdt, Falko1, Author              
Pehl, Michaja1, Author              
Pietzcker, Robert C.1, Author              
Rottoli, Marianna1, Author              
Schreyer, Felix1, Author              
Bauer, Nicolas1, Author              
Baumstark, Lavinia1, Author              
Bertram, Christoph1, Author              
Dirnaichner, Alois1, Author              
Humpenöder, Florian1, Author              
Levesque, Antoine1, Author              
Popp, Alexander1, Author              
Rodrigues, Renato1, Author              
Strefler, Jessica1, Author              
Kriegler, Elmar1, Author              
Affiliations:
1Potsdam Institute for Climate Impact Research, Potsdam, ou_persistent13              

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 Abstract: Cost degression in photovoltaics, wind-power and battery storage has been faster than previously anticipated. In the future, climate policy to limit global warming to 1.5–2 °C will make carbon-based fuels increasingly scarce and expensive. Here we show that further progress in solar- and wind-power technology along with carbon pricing to reach the Paris Climate targets could make electricity cheaper than carbon-based fuels. In combination with demand-side innovation, for instance in e-mobility and heat pumps, this is likely to induce a fundamental transformation of energy systems towards a dominance of electricity-based end uses. In a 1.5 °C scenario with limited availability of bioenergy and carbon dioxide removal, electricity could account for 66% of final energy by mid-century, three times the current levels and substantially higher than in previous climate policy scenarios assessed by the Intergovernmental Panel on Climate Change. The lower production of bioenergy in our high-electrification scenarios markedly reduces energy-related land and water requirements.

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Language(s): eng - English
 Dates: 2021-10-072021-11-252022-01
 Publication Status: Finally published
 Pages: 16
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1038/s41560-021-00937-z
PIKDOMAIN: RD3 - Transformation Pathways
Research topic keyword: Energy
Research topic keyword: Mitigation
Research topic keyword: 1.5/2°C limit
Research topic keyword: Carbon Pricing
Research topic keyword: Economics
Regional keyword: Global
Model / method: REMIND
Model / method: REMIND
MDB-ID: yes - 3269
OATYPE: Green Open Access
 Degree: -

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Title: Nature Energy
Source Genre: Journal, SCI, Scopus
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Publ. Info: -
Pages: - Volume / Issue: 7 (1) Sequence Number: - Start / End Page: 32 - 42 Identifier: Publisher: Nature
Other: 2058-7546
CoNE: https://publications.pik-potsdam.de/cone/journals/resource/nature-energy