• 23 hours Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 3 days Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 10 hours Clean Energy Is Canceling Gas Plants
  • 13 hours GAME CHANGER: MIT Startup Commonwealth Fusion says Commercial Product by early 2030s ! THIS CHANGES EVERYTHING..
  • 16 hours America's Frontline Doctors - Safely Start Living Again!
  • 1 day Biden denies fracking ban
  • 1 day "COVID Kills Another Oil Rally" by Tom Kool 10/16/2020
  • 11 hours OP article : "Trump blasts Biden Fracking Plan . . . "
  • 9 hours Rethinking election outcomes for oil.
  • 9 hours The Leslie Stahl/60 Minutes Interview with President Trump
  • 11 hours Australia’s Commodities Heartland Set for Major Hydrogen Plant
  • 21 hours Is the coal industry on the way out?
  • 2 days Conoco Pledges ‘Net-Zero’ Emissions in Break With U.S. Rivals
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Can Renewables Fully Sustain Our Current Way Of Life?

“The reason renewables can’t power modern civilization is because they were never meant to. One interesting question is why anybody ever thought they could.”

Michael Shellenberger, Time magazine “Hero of the Environment,” wrote this commentary in an article in Forbes.

According to Shellenberger, president at Environmental Progress and an expert reviewer for the Intergovernmental Panel on Climate Change (IPCC), renewables are simply incapable of sustaining our current way of life.

Why? Because people just are not willing to give up all the perks of modern life in order to return to some kind of a romantic pre-industrial era—the only kind of era that renewables could hope to sustain.  

Climate change and the pivot toward energy transition are real. But the idea of having the world function as we know it powered solely by renewable energy is unrealistic today.

It will likely still be unrealistic three decades from now.

Can Falling Renewables Costs Enough Get Us To Zero-Carbon?

Renewable energy sources, especially solar and wind, are gaining market share in almost every corner of the world. Costs are falling and making new photovoltaic (PV) solar and onshore wind cheaper than the cheapest coal-fired power generation, the International Renewable Energy Agency (IRENA) said in a report in June. Over the past decade, utility-scale solar PV costs have plunged by 82 percent, followed by concentrating solar power (CSP) costs, which have dropped by 47 percent, onshore wind costs have declined by 39 percent, and offshore wind costs have fallen by 29 percent. Related: China Is Using The Pandemic As An Excuse To Not Buy U.S. Energy

While the cost of renewables continues to fall as technology evolves, the cost of smoothly integrating intermittent renewable power sources into (often outdated) power grids are enormous in terms of investment. This incorporation is also currently unsurmountable in terms of government policies.

How Much 100% Zero-Carbon Grid Will Cost?

 In the United States alone, the full decarbonization of the power grid is estimated to cost a staggering US$4.5 trillion at the current state of technology, Wood Mackenzie said last year.

And these huge costs may not even be the biggest hurdle to overcome, according to WoodMac.

“Nimbyism – a not-in-my-back-yard attitude – is inevitable and forecasted increases in consumer energy costs may result in public backlash against aggressive climate change policies,” Dan Shreve, Head of Global Wind Energy Research at Wood Mackenzie, said in June 2019.  

Governments and policymakers around the world face a tough balancing act between responding to the public’s growing concern over climate change and carefully planning energy transition strategies that would not alienate part of that same public from green projects.

Case in point: Norway plans stricter rules for onshore wind power installations, including turbine height and shorter project timelines, as it looks to respond to calls from the public to protect the environment when approving wind power development sites. 

Germany’s plan toward incorporating more renewable energy, Energiewende, is not enthusiastically met by Germans, also because they are trusting politicians less. According to 6,500 people polled by the Potsdam Institute for Advanced Sustainability Studies (IASS), 78 percent of Germans said that the plan was expensive, 66 percent said it was chaotic, another 56 percent believe it was unfair, and 51 percent say it was elitist.

Can We Have Low-Carbon Grids Within Two Decades?

A recent report from the University of California, Berkeley, said that rapidly declining solar, wind, and storage prices make it entirely feasible for the U.S. to meet 90 percent of its power needs from zero-emission energy sources by 2035 with zero increases in customer costs from today’s levels.

Still, natural gas-fired generation will be needed for 10 percent of America’s power needs. According to the report, in 2035 it would be possible that “during normal periods of generation and demand, wind, solar, and batteries provide 70% of annual generation, while hydropower and nuclear provide 20%.”

Even with an exponential rise in renewable power generation, the U.S. grid will need nuclear power and hydropower to be stable with such a large share of solar and wind. Related: Why We Won’t See An Oil War In The South China Sea

Nuclear power generation may be an option for countries with nuclear power plants and technology. But the others will have to rely on other sources for a stable grid, and like it or not, those are likely to be fossil fuels, especially natural gas.

Despite the growing environmental alarmism in industrialized nations, the world doesn’t have a common stance on decarbonizing power generation. Nor will it have any time soon, because every country is looking at its own economic and social costs and benefits of going green.

Despite the climate catastrophe or whatever other alarmist nouns activists use, today’s consumers will not give up on any modern-civilization services, appliances, or comfort, in order to return to the pre-industrial era just because solar and wind power are zero-carbon energy sources. After all, the Industrial Revolution happened because the world moved from an agriculture-dominated economy to an industrial economy, not because England was hell-bent on wrecking the climate 200 years later.  

Consumers with ‘first-world problems’ want constant stable internet connection and cheap electricity. Many people in some parts of the world do not have any access to electricity.

Right now, fossil fuels are providing a large part of the world’s energy needs. The shift toward more renewable sources is already happening, but it will be gradual and slower than many environmentalists would have wanted.   

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on August 07 2020 said:
    Never for the foreseeable future. Whilst the sun could be the ultimate source of energy for our planet, harnessing enough solar power to fully sustain our current way of life is still beyond our abilities, technologies and resources.

    It is an absolute fact that the global economy and civilization as we know and enjoy can’t exist without oil and natural gas. The global economy runs on oil and natural gas and will continue to do so throughout the 21st century and probably far beyond.

    To sustain a world population approaching 8 billion, the global economy has to grow. The alternative is a collapse of the global economy, starvation, a return to pre-industrial age and the demise of civilization. It follows that global demand for oil and gas will continue to grow along with the global economy.

    In view of the above, there will neither be a peak oil demand nor zero emissions well throughout the 21st century and far beyond despite campaigns by militant and dogmatic environmental activists and oil and gas asset divestment campaigners.

    Global energy transition is already happening with natural gas becoming the pivot for the transition from oil and gas to renewable energy. As oil replaced coal and natural gas replaced oil for electricity generation so will renewable electricity particularly solar electricity eventually replace gas.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London
  • Maxander on August 07 2020 said:
    Except Nuclear Power, Shale Gas entire rest of the renewable life Wind, Solar, Battery EVs don't make any sense as they are not efficient, not economically beneficial.
  • Warren on August 07 2020 said:
    “During normal periods of generation and demand, wind, solar, and batteries provide 70% of annual generation, while hydropower and nuclear provide 20%”.

    Because of comments like these many people believe that batteries generate power. Batteries consume power! They are a net negative generator. It is also very convenient to ignore the emissions from the construction and maintenance of these facilities as well as the redundant facilities required to support them.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News