A new perspective on decarbonising the global energy system
Please note that this is a hybrid event. You will need to register and choose whether you wish to attend in person or online. The TEAMS online link will be sent out at 10am.
In their report ‘A new perspective on decarbonising the global energy system’, published in April this year, Doyne Farmer, Matthew Ives and Rupert Way drew on over a decade of research on probabilistic cost forecasting methods shown to make reliable predictions when empirically tested on more than 50 technologies. These methods are employed to estimate future energy system costs which show that, compared to a fossil-fuel-based system, a rapid green energy transition will likely result in overall net savings of many trillions of dollars.

In this presentation, they will discuss their research and explain why their conclusions differ so radically from most energy-economics models, and how the decades-long increase renewable energy technologies deployment have consistently coincided with steep declines in their costs. Further, they will demonstrate that if solar photovoltaics, wind, batteries and hydrogen electrolyzers continue to follow their current exponentially increasing deployment trends for another decade, a near-net-zero emissions energy system is achievable within twenty-five years. Finally, the discussion will look at the potential of these findings for policy action and their implications for the goals of the Paris Agreement.
Date: 12 October 2021, 16:00 (Tuesday, 1st week, Michaelmas 2021)
Venue: Oxford Martin School, 34 Broad Street OX1 3BD
Speakers: Doyne Farmer (University of oxford), Rupert Way (University of Oxford), Dr Matt Ives (University of Oxford)
Organising department: Environmental Change Institute
Organiser: Oxford Energy Network
Organiser contact email address: info@energy.ox.ac.uk
Host: Oxford Energy Network
Part of: Oxford Energy Seminars 2021-2022
Booking required?: Required
Booking url: https://www.energy.ox.ac.uk/events/event/a-new-perspective-on-decarbonising-the-global-energy-system/
Cost: Free
Audience: Public
Editor: Anne Ryan