Establishing a competitive market to achieve 100% clean energy
- Sep 9, 2021 10:16 pm GMT
Today's primary approach to decarbonizing the electric grids is to add renewable capacity to offset thermal generation. For instance, many corporations have signed power purchase agreements (PPAs) with renewable producers to offset partially or totally their annual electricity use with renewable energy.
However, the efficiency of renewable energy linked to the reduction of CO2 decreases considerably as soon as we exceed a certain threshold of installed capacity. Indeed, four problems impact their effectiveness:
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