Published 7 years ago.
About a 4 minute read.
In the spirit of "showing your work" in progress, I'm posting some info on the big new clean economy agreement announced by the so-called "three amigos" -- i.e., the leaders of Canada, the U.S., and Mexico.
I'm working on an article about the ramifications for business, but just wanted to post here a summary of what the countries are committing to and some analysis I ran on what the renewables commitment really means. You can read the full announcement, but the big takeaways from an agreement that covered a lot of ground are as follows:
There were many more interesting elements of the agreement also -- see more below the spreadsheets. My main point here is to look at the numbers on the renewable commitment and what it implies for the U.S. energy system. Here's the mix of energy generation by country. I calculated roughly the amount of clean energy already being generated in each, yielding 38.7 percent of total (the news reported 37 percent, so I'm in the ballpark). So for the continent to hit 50 percent by 2025, I think the U.S. has to go from 33 percent today to 46 percent. I'll talk more about what this means in my article next week. But the second image here shows how much wind or solar you'd need to get there. If we added only wind, for example, we'd have to build roughly 3 times as much as we build over the last decade (assuming you shut down a commensurate amount of fossil fuel supply).
You can download this spreadsheet and play with the assumptions (like whether there will be any growth in energy generation in the countries).
Download Clean Economy Scenario File
(Andrew's book, The Big Pivot, was named a Best Business Book of the Year by Strategy+Business Magazine! Get your copy here. See also Andrew's TED talk on The Big Pivot.
This post was originally published on Andrew Winston's blog on July 1, 2016. If you enjoyed it, you can sign up for his RSS feed, or by email. Follow Andrew on Twitter @AndrewWinston).
Published Jul 5, 2016 12pm EDT / 9am PDT / 5pm BST / 6pm CEST
Andrew Winston, founder of Winston Eco-Strategies, is a globally recognized expert on how companies can profit from solving the world’s biggest challenges.