If the world, and the United States in particular, intends to do something to address climate change and reduce the carbon dioxide emissions that cause climate change, then what should we do? And how should we do it?
This blog is the first in a series that will focus on how we can bring about low-carbon and decarbonizing outcomes while leveraging the strengths of competitive markets.
This blog is the first in a series that will focus on how we can bring about low-carbon and decarbonizing outcomes while leveraging the strengths of competitive markets.
Last year, renewable energy sources represented more than half the new power capacity around the world.
While this is an important step toward achieving a clean energy future, successfully integrating this large amount of renewable generation into the current U.S. transmission system – in a safe and reliable manner – is currently a monumental challenge. The intermittent nature of both wind and solar challenges our ability to fully depend on these resources. As we see in Figure 1, not only is wind energy variable, but it can also defy forecasting – even “hour-ahead” forecasting.
While this is an important step toward achieving a clean energy future, successfully integrating this large amount of renewable generation into the current U.S. transmission system – in a safe and reliable manner – is currently a monumental challenge. The intermittent nature of both wind and solar challenges our ability to fully depend on these resources. As we see in Figure 1, not only is wind energy variable, but it can also defy forecasting – even “hour-ahead” forecasting.