A group of researchers and scientists have launched the “Global Apollo Programme” with the goal of making renewable energy less expensive within the next ten years.
A group of researchers and scientists has announced it wants to launch an “Apollo Programme” for renewable energy.
The so-called Global Apollo Programme, launched this week at the Royal Society in London, aims to engage investors, governments, scientists and the public to come together for a £15 billion-per-year global drive to lower the cost of green electricity.
Though the full report is lengthy, the group defines the challenge succinctly: “To avoid irreparable damage, governments of the world have agreed to limit the world’s rise in temperature to 2 degrees C,” they write. “This means an absolute limit on the total accumulated CO2 that can be produced. On present trends that limit will be breached by 2035. So we must urgently reduce our annual output of CO2.”
To do this it wants to see carbon-free energy become cheaper than coal, gas and oil within a decade, with the help of countries devoting 0.02 percent of their GDP to the programme. Specific aims include finding new, cheaper ways to store large amounts of power generated with solar panels for use overnight, and when the Sun is hidden by clouds.
The group points to the International Technology Roadmap for Semiconductors as a model, which they say has reduced the cost of semiconductors every year for three decades. While the programme has not been public until now, they say it has been “privately discussed with governments” over the last year, and “widely welcomed”. It will be discussed at the G7 meeting in June, with the aim to sign up the world’s major countries by the end of 2015. Most challengingly of all, perhaps, they aim to end the $550 billion global subsidy for fossil fuels.