"WindEurope’s latest study done in cooperation with Hitachi Energy shows that even when accounting for the grids, storage and back-up, a system running on high shares of renewables is the cheapest by far.
WindEurope and Hitachi Energy have mapped out the total system costs of 5 energy scenarios. 4 scenarios that deliver net zero and one ‘slow transition’ scenario where Europe does not meet its climate targets.
Scenarios relying more heavily on nuclear, hydrogen or CCS would all be more costly than a renewables-based scenario. By 2050 the differences in costs range from €487bn to €860bn.
And
a renewables-based energy system is €1.6tn less expensive than a system where Europe fails to deliver on net zero. The €1.6tn difference is largely due to residual fuel costs and the costs of carbon in the slow transition scenario. Already by 2035 the renewables scenario saves €331bn compared to the slow transition scenario.
...
There is no upside to diminished climate ambition. There is no upside to slow walking renewables.
"
https://windeurope.org/news/a-renewa...-1-6-trillion/
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