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Third Industrial Revolution Consulting Group<br />

OVERVIEW<br />

ENERGY<br />

The bulk of the energy we use to heat and cool our<br />

homes and run our appliances, power our<br />

businesses, drive our vehicles, and operate every<br />

part of the global economy will soon be generated<br />

at near zero marginal cost and be nearly free in the<br />

coming decades. That is already the case for several<br />

million early adopters in the EU who have<br />

transformed their homes and businesses into micropower<br />

plants to harvest renewable energy on-site.<br />

In Sweden, already over 50% of the gross final<br />

Co-Chairs Claude Seywert and Tom<br />

Eischen, and the Luxembourg Energy<br />

Working Group;<br />

Marcel Volkerts (DNV GL), Rob Wilhite<br />

(Navigant Consulting), Kathleen Gaffney<br />

(Navigant Consulting), Gerhard Stryi-Hipp<br />

(Fraunhofer ISE), and Jeremy Rifkin, TIR<br />

Consulting Group LLC<br />

energy consumption was generated from renewable sources in 2013. 9 Looking at electricity<br />

only, Austria and Sweden are leading the pack with close to 70% of their gross electricity<br />

production being generated from renewable sources, predominantly hydro power. Hydro<br />

power is the still largest source of renewable energy (370TWh as of 2013) but its share is<br />

declining due to the strong increase in generated solar (85 TWh in 2013, projected to increase<br />

to 121 10 -462 11 TWh in 2020) and on- and offshore wind (234TWh in 2013, projected to increase<br />

to 442-487 TWh in 2020 12 ).<br />

Currently, 32% of the electricity powering Germany comes from solar, wind and other<br />

renewable energies, accounting for approximately 15% of the total final energy consumption.<br />

By 2030, a minimum of 50% of the electricity powering Germany will be generated by<br />

renewable energies. 13<br />

In contrast, smaller, more densely populated countries like Belgium and the Netherlands are<br />

generating less than 10% of their total final energy use from renewable sources. Luxemburg's<br />

projected strong population growth and the fact that it is landlocked intensifies the challenge to<br />

meet EU 2020 and COP21 targets.<br />

9 The State of Renewable Energies in Europe, Edition 2014, 14th EurObserv’ÉR Report<br />

10 Renewable energy progress report, European Commission<br />

11 Set for 2020. Solar Photovoltaic Electricity: A mainstream power source in Europe by 2020, European<br />

Photovaltaic Industry Association<br />

12 Wind energy scenarios for 2020, European Wind Energy Association, July 2014<br />

13 See: http://www.sueddeutsche.de/wirtschaft/gruener-strom-sommer-sonne-sorgen-1.2638800<br />

14

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