RENEWABLE ENERGY

The Problem

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World energy-related carbon dioxide (CO2) emissions rise from 33.9 billion metric tons in 2015 to 36.4 billion metric tons in 2030 and to 39.3 billion metric tons in 2040 in the IEO2017 Reference case—an increase of 16% over that period.

Around 675 million people – 90% of them in sub-Saharan Africa – remain without access to electricity in 2030 (down from 1.1 billion today), and 2.3 billion continue to rely on biomass, coal or kerosene for cooking (from 2.8 billion today). For these people – many of whom will rely on expensive, toxic kerosene for power – spreading reliable, affordable solar energy has to be a better answer to life off the grid.

Household air pollution from these sources is currently linked to 2.8 million premature deaths per year (more than 4 million in 2040!), and several billion hours are spent collecting firewood for cooking, mostly by women, that could be put to more productive uses.

Bright future for renewables

Renewables capture two-thirds of global investment in power plants by 2040 as they become, for many countries, the least-cost source of new generation than gas.

Blockchain has the potential to transform how renewable and distributed energy is managed and traded. Ernst & Young 2017

Rapid deployment of solar photovoltaics (PV), led by China and India, helps solar become the largest source of low-carbon capacity by 2040, by which time the share of all renewables in total power generation reaches 40%.

The solution:

What a good cause ... creating jobs, supplying schools and hospitals with electricity in remote regions, giving unbanked people in emerging countries the opportunity to acquire affordable energy, at the same time protecting our planet by offering renewable and toxic-free source of power. A project, which reinvests 80% of it's profits back into deployment of more Solar Power Plants, with an innovative payment system powered by blockchain technology! #EnPower #Blockchain

More good news:

1. energy demand likely will continue to grow,

2. the sun will shine approx another 5,000,000,000 years.

Sources National Geographic's, IEA, NASA, IWS FinTech