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Bernstein analyst: 100% renewable energy transition looking more and more feasible

first_imgBernstein analyst: 100% renewable energy transition looking more and more feasible FacebookTwitterLinkedInEmailPrint分享Barron’s:Electricity generation is the largest single contributor to the carbon emissions that are warming the planet. It accounts for 42% of global emissions, and that share is likely to grow as transportation increasingly is powered by batteries instead of oil.As countries announce ambitious plans to wean their economies from fossil fuels, their efforts to shift how they generate electricity will determine whether they can hit those goals. The International Renewable Energy Agency (IRENA), which helps governments come up with plans to shift to renewables, has estimated that 86% of electricity can be generated with renewables by 2050.That number might seem high, but more data is now supporting the potential for an aggressive shift in power generation. In a new report, Bernstein analyst Meike Becker examined how countries can get to 100% renewable electricity generation by 2050, and the analysis has some good news about the potential for renewable generation.Becker’s report found that countries will take widely different paths to renewable generation, based on their natural resources. If coal and oil deposits determined a country’s fate in the 20th century, the force of its rivers and strength of its sunshine will likely determine its path in the 21st. Countries that generate hydroelectric power are way ahead in terms of producing clean power. Norway generates 98% of its electricity from renewable sources, largely because of hydro power. As of 2015, Brazil got 75% of its power from hydro sources. Canada relies on renewables for 67% of its electricity.But even in countries without rushing water generating much electricity, Becker sees a feasible path to renewable generation. In Belgium, for instance, hydro accounts for just 7% of generation. What’s more, Belgium depends on nuclear power for about 30% of its electricity, and the country plans to phase nuclear out by 2025. Nonetheless, Becker expects Belgium can generate at least 75% of its electricity with renewables by 2050 by relying on solar, wind and a variety of other technologies, including so-called “combined cycle gas turbines” that use gas and steam for power. The key to doing this is being able to generate and store power at times when the sun isn’t shining and the wind isn’t blowing, using batteries and technologies that can use other fuels more efficiently.The chances that countries can generate all their electricity with renewables by 2050 are “at this point very close to 100% for countries with good resources and a bit further away if conditions are less favourable,” she wrote in an email to Barron’s. Nonetheless, countries without the same resources can still generate “very high share, and usually higher than what most people currently think, I would say.”More: The path to 100% renewable power is looking more achievablelast_img read more

Bede continues to place focus on strengthening partnerships

first_img SBC Charity Boxing Championship packs a punch for Oliver’s Wish Foundation January 20, 2020 StumbleUpon Gauselmann Group acquires majority stake in Bede Gaming March 12, 2020 Share Submit Betfred secures British Masters title extension July 27, 2020 Award-winning supplier of software to the online gaming industry, Bede Gaming is hoping to build on its partnership-led approach by holding a client and key supplier day.The approach forms an alternative route for operators to flexibly build a differentiated offering on top of an established platform. It has been at the core of its business and appeals to a whole range of clients; from those looking to migrate platforms to those looking for a full white label.The commitment of the provider to pursue true partnerships with its operating partners, is reflected in its approach to holding regular dialogue with its clients about its platform. Which includes an upcoming VIP client day, the latest initiative in its quest to offer the high levels of service and responsiveness.Michael Brady, CEO of Bede Gaming, said: “At Bede we have built our success on a foundation of treating our clients and suppliers as true partners, and ensuring that we take their feedback into account is a core part of our long-term growth strategy.“This is the first, in what we hope will become a regular date in the calendar for all our partners.“Hosting an event like this is reflective of our open approach to the thoughts and needs of our partners. We recognise speaking to our operators and suppliers on a regular basis is a key part in ensuring we continue to deliver products of the highest quality and shows our commitment to offering a first class service.”The event will be held from 27-28 September and will be a forum and feedback sessions for the clients of Bede, taking place at its headquarters in Newcastle, before heading to the British Masters golf tournament at nearby Close House. Related Articles Sharelast_img read more