Environment & Energy
Related: About this forumMajor Study Projects No Long-Term Climate Benefit From Shale Gas Revolution
BY JOE ROMM ON OCTOBER 18, 2013 AT 11:13 AM
More abundant, cheaper shale gas (dark blue) has little impact on annual growth in U.S. CO2 emissions through 2050 compared to low shale gas case (light blue). This is true for multiple energy-economy models. Deep cuts in CO2 require a rising carbon price (green).
Most claims that shale gas will significantly reduce US carbon emissions in the future are based on little more than hand-waving and wishful thinking. Thats because those claims assume natural gas is replacing coal only, rather than replacing some combination of coal, renewables, nuclear power, and energy efficiency which is obviously what will happen in the real world.
To figure out what the impact of shale gas is actually going to be, you need an energy-economy model. And since the output of one model depends crucially on the specific assumptions it makes, the best approach would be to look at results of several models. And that is precisely what Stanfords Energy Modeling Forum does in its new study, Changing the Game? Emissions and Market Implications of New Natural Gas Supplies Report.
They formed a working group of about 50 experts and advisors from companies, government agencies and universities to study the impact of the North American shale gas revolution:
Modeling teams from 14 different organizations participated in the study. All models integrated information on energy supply and demand to provide prices that reached market balances for each individual fuel. The models used different approaches to determine these prices.
The top figure shows result of the models that extend to 2050 (though the results are not substantially different if the modeling stops at 2035). Note that for most models, CO2 emissions grow in both shale cases. The study points out that Emission growth rates for the reference case are not shown because they track closely those for the two-shale cases.
The high shale gas scenario is...
http://thinkprogress.org/climate/2013/10/18/2800751/climate-benefit-shale-gas-revolution/
NickB79
(19,274 posts)We're well and truly fucked: http://www.democraticunderground.com/112755534
According to the International Energy Agency (IEA), an inter-governmental research organization based in Paris, cumulative worldwide investment in new fossil-fuel extraction and processing will total an estimated $22.87 trillion between 2012 and 2035, while investment in renewables, hydropower and nuclear energy will amount to only $7.32 trillion. In these years, investment in oil alone, at an estimated $10.32 trillion, is expected to exceed spending on wind, solar, geothermal, biofuels, hydro, nuclear and every other form of renewable energy combined.
kristopher
(29,798 posts)The IEA is notorious for serving the interests of the fossil fuel industry. Their projections regarding adoption of renewable technology (including the investment landscape) has been horrible since forever.
That isn't just my opinion, either. It became so bad that a couple of years ago the International Renewable ENergy Agency (IRENA) was formed to address the shortcomings inherent in the International Energy Agency's (IEA) mandate.
The fact of the matter is that conservative forecasts about the progress of alternative energy sources have consistently been, not only wrong, but grossly wrong. Reviewing the issue shows that high renewable growth scenarios have consistently proven to be far more accurate than conservative growth scenarios. (Under 'Fair Use' I've included the excerpt from the free downloadable International Renewable Energy Association's (IRENA) 2013 Global Futures Report. This 76 page non-technical report is
"a pioneering publication that provides access to the range of credible possibilities on the future of renewable energy. The report is based on interviews with over 170 leading experts around the world and the projections of 50 recently published scenarios. The report can serve as a tool for dialogue and discussion on future options, and compliments well the REN21 Renewables Global Status Report.
Available here:
http://www.ren21.net/REN21Activities/GlobalFuturesReport.aspx
So, in terms of historic credibility, the Greenpeace estimate has far more standing than the EIA.
In 2011, about 30 countries were getting 20% or more of their total energy from renewables, and some as high as 50%.c (The total energy metric counts electricity, heating/cooling, and transport.) Countries in this category include Austria, Brazil, Chile, Denmark, Finland, Iceland, New Zealand, Norway, Peru, the Philippines, Portugal, Romania, Sweden, Uganda, and Uruguay. The European Union (EU) as a whole and the United States both stood at 12%. France, Germany, Italy, Spain, and several other countries were above 10%, and Japan was at 6%. Furthermore, in 2011, about half of all new electric power capacity added worldwide was renewableas much capacity as fossil and nuclear combined. In interviews, industry experts emphasized that historical thinking and projections about renewable energy remaining a fringe techno- logy no longer make sense.
During the late 1990s and early 2000s, as renewable energy started to grow more rapidly than many had predicted, new scenarios emerged that showed much higher long-term shares of renewables. Notable among these was a Sustained Growth scenario by the Shell oil company that showed 50% of global energy from renewables by 2050, a figure that shocked many at the time. The IEA also released a report, Energy to 2050: Scenarios for a Sustainable Future, that outlined a Sustainable Development scenario with a 35% share from renewables.
By the mid-2000s, a larger number of scenarios emerged showing 3050% shares. Prominent among these was the first (2006) edition of the IEA Energy Technology Perspectives (ETP), which gave a set of Accelerated Technology scenarios for 2050. In these sce- narios, an intermediate case showed a 24% share, and the highest case showed a 30% share. A few years earlier, the German Advisory Council on Global Change (2004) had published its Exemplary Path scenario that projected a 50% share by 2050. And in 2007, the first edition of the Energy [R]evolution scenario by Greenpeace and the European Renewable Energy Council (EREC) likewise projected a 50% share by 2050
The most recent scenarios, published in 20102012, could be viewed in three main groups: conservative, moderate, and high renewables.5 See Figure 1 for the wide variation between groups. (See Annex 2 for a list of the recent global, regional, and national scenarios covered in this report, including full citations correspond- ing to scenario abbreviations used throughout the text, and see the online supplement, Scenario Profiles Report, for summaries of these scenarios.)
Conservative scenarios in the 1520% range can be found pub- lished by oil companies, some industry groups, the IEA, and the U.S. Energy Information Administration (EIA). For example, BPs Energy Outlook 2030 (2012) and ExxonMobils Outlook for Energy: A View to 2040 (2012) both show an under-15% share by 20302040. The EIA (2011) shows 14% by 2035, and the IEAs World Energy Outlook (WEO, 2012), in its New Policies scenario, shows 18% by 2035. Conservative viewpoints by oil and gas companies mirror such conservative scenarios. These companies continue to make state- ments such as fossil fuels will continue to provide the majority of the worlds energy supplies for decades to come (Chevron), and oils preeminence in the global energy mix will remain unchallenged in the foreseeable future (Total).
Moderate scenarios show long-term renewable energy shares in the 2540% range. Two IEA examples are the IEA WEO (2012) 450 carbon-stabilization scenario, which shows a 27% renewable energy
16 share by 2035, and the IEA ETP (2012) 2DS scenario, which shows a 41% share by 2050. The IPCC Special Report on Renewable Energy (2011) synthesized the results of over 160 climate-mitigation scenarios (most from 20092010) and found that over half of them project shares above 27% by 2050a large group in the moderate category.7 (And many show very high absolute amounts of renewables, too, under high global energy demand scenarios; see Box 2.)
High-renewables scenarios project 5095% energy shares of renewables by 2050. For example, the GEA Global Energy Assessment (2012) shows up to 75% in the highest of its Efficiency cases and a median share of 55%. The ACES scenario by the IEA multilateral program Renewable Energy Technology Deployment (2010) shows 55%. And among the group of 160 scenarios surveyed by the IPCC (2011), there are a number in the range of 5080%. The biennial Greenpeace Energy [R]evolution scenario, which has become the most widely recognized and thorough projection made by renew- able energy advocates, shows 82%.a At the highest end, WWF (2011) shows a 95% share.8
The credibility of such high-renewables scenarios has increased over the years, following a long tradition of 100% scenarios dating back to the 1970s by renewable energy advocates and visionaries. The difference is that now, given the scope of government policy targets and market growth in recent years, such high-renewables scenarios are grounded in growing present-day markets.9 (See Endnote 9 for further discussion of credibility in the context of scenarios.)
In interviews, most industry experts believed that the world could reach at least 3050% shares of renewables in the long term. (See also Box 3 for a recent global goal of 3035%.) And some experts advocated for 100% or near-100% futures. European experts cited considerably higher shares just for Europe (see following section), with many saying that Europe could attain 5070% shares.10 (Also see following sections for more expert opinions based on individual sectors.)