Wärtsilä’s ‘Front-Loading Net Zero’ report states that electricity production costs could be reduced by up to 50% if countries adopt 100% renewable systems faster than currently planned.
India can cut its overall cost of electricity in half and reach net zero before 2050 by developing a 100% renewable energy power system, according to modelling
The energy transition needs to be carefully sequenced to avoid the cost risks associated with a depleted conventional fossil fuel system, Wartsila’s new president and CEO, Hakan Agnevall, told S&P Global Platts. “Without sufficient balancing power, you will not achieve your goals,” Agnevall said of the necessary race to install wind and solar. Under Agnevall, .
Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, demonstrating the environmental and economic opportunities for states that decarbonise rapidly. Click to read more.