The last culprit is the European Renewable Energy Council, the umbrella group representing the sector’s private industry, from research and trade to generation. In a report
published last month, the EREC predicted wind energy and photovoltaics will make up 10% of total electricity in 2020, then reach 18% of total consumption by 2030 and 41% by 2050. The group also predicts that renewable fuels in the transport sector will rise to 10 percent by 2050.
The hardly-explained EREC conclusions are based on a series of assumptions, including a ten-fold growth in current renewable installed energy capacity, an unbelievable 40% total energy demand shrinkage, a gradual escalation in oil prices to $200 a barrel by 2050, and over $5 trillion in savings in carbon credit payments.
The closest EREC President Arthouros Zervos comes to explaining how all these assumptions will be met is by proposing a series of policies that would be harder to negotiate than world peace: “Clearly, the overarching precondition for this to happen is that the commitment needs to be established as the guiding principle for all European policies in the fields of energy, climate, R&D, industry, regional development and international cooperation.” In other words, an EU dedicated solely to self-sufficiency from renewable energy sources.
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Forget about corruption and cover-up scandals in the energy industry. Europe’s renewable sector is specializing in perjury. They have begun claiming that all of Europe’s fossil fuel needs can be replaced with renewable sources by 2050.