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This book delves into the key aspects that matter for the successful implementation of a SuperSmart Grid, focusing on climate goals, renewable energy potentials, cost implications, investment prospects, and the essential role of policies for creating a conducive environment. It highlights the challenges and opportunities associated with transitioning to a smarter and greener energy system.
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The SuperSmart Grid What Matters?One Question and Five Answers Armin Haas
1. Climate Matters • Europe wants to reduce CO2 emissions by 80% by 2050 • Power system: Reductions of this magnitude hardly possible with conventional technologies, nor with CCS
3. Costs Matter • Cost estimates for REN from North Africa to Europe range from 4 to 15 €c/kWh • From a cost perspective, the SuperSmart Grid is a realistic option
4. Investments Matter • With costs in the range of 4 to 15 €c/kWh, financial markets signal that they will be willing to raise the capital needed • They are willing to do so provided they can expect investment security
5. Policy Matters • For investment security, a reasonable political framework will be needed • With a reasonable political framework, the SuperSmart Grid will grow organically