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submitted 3 weeks ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

Offshore wind output surged 37% year on year, hydropower generation grew 21%, solar was up 20%, and onshore wind 6%. On the other hand, coal-fired generation fell 7% and gas output dropped 24%

double digit declines in coal and NG use were also present every earlier month of this year. Europe has by far achieved the biggest emission reductions in the world this year. 16% point market share drop for fossil fuels electricity since just 2023.

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[-] humanspiral@lemmy.ca 2 points 3 weeks ago

Pump storage is indeed very cool. However if one would count it twice when it is produced by solar and then again when getting it back from the storage, then that would majorly distort the statistic. You’d effectively count the produced amount of energy double (minus whatever efficiency loss you have from storing it).

If batteries are charged by renewables, then counting the battery output as renewables is fine, as long as you don't count the charging. Same for pumped storage.

The point though was that existing hydro can be enhanced because it runs at spare capacity. Compared to dedicated pumped storage projects.

this post was submitted on 30 Oct 2024
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