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As a result, the conventional energy landscape — with a few large power plants — is disappearing.Our accelerating shift towards renewables requires a completely new systemic approach.
Consumers end up paying for these interventions via charges on their electric bills.
To manage a more complex energy system, we need to make power grids smarter.
Two technological revolutions are shaping the dawn of the 21st century: the development of the internet and the shift towards a carbon-free global energy system.
The latter received a boost in 2015, when the Group of Seven (G7) countries pledged to phase out fossil fuels by 2100.
As our energy system grows more complex, the old, centralized grid is struggling to keep up.
This problem will worsen as more decentralized units, such as solar panels, are integrated into the system.
After all, the global population is projected to increase by nearly 2 billion people by 2040, according to U. What would be the impact on our environment if roughly half of the power consumed by this growing population were generated by fossil fuels?
Certainly the world’s climate goals would be at risk, particularly the objective of limiting global warming to a maximum of 2 degrees Celsius.
This is mainly due to the dramatic increase in the number of vehicles in developing countries.
In China alone, that number more than quadrupled within the last decade to roughly 200 million. Experts expect an 80 percent rise in global electricity generation by 2040.