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Why we believe 40% is the right thing to do. http://eni.ucd.ie. Gareth Allen Muireann Lynch Lisa Ruttledge Eamon Keane. Sheila Nolan Leah McCabe John Kirby David Gibbons. EirGrid conference- 14 th October 2009 . Who are we?. Funding

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why we believe 40 is the right thing to do

Why we believe 40% is the right thing to do.

http://eni.ucd.ie

Gareth Allen

Muireann Lynch

Lisa Ruttledge

Eamon Keane

Sheila Nolan

Leah McCabe

John Kirby

David Gibbons

EirGrid conference- 14th October 2009

who are we
Who are we?
  • Funding
    • Charles Parsons Research Scheme and Electricity Research Centre
  • Brief
    • Educate general public
    • Bust myths
  • Outputs:

Response to IAE

  • Educational Booklet

& many others….

presentation structure
Presentation Structure
    • Where is Ireland now?
  • What are the Targets?
  • What should an effective electricity energy policy achieve?
  • What are the possible alternative strategies?
      • Benefits and restrictions of each
  • A Closer look at 40%
      • Pros & Cons
  • Comparison/Conclusion
slide5

Renewable Exploitation

% of Energy from Renewable Sources, 2007

Sources: National Competitiveness Council (Annual Report 2009). International Energy Agency

slide6

Energy Import Dependency

Ireland vs. EU

1990-2007

Import Dependency %

Year

Sources: National Competitiveness Council (Annual Report 2009). Sustainable Energy Ireland (Energy in Ireland 1990-2007), Eurostat (Environment and Energy)

the three pillars of energy policy
The Three Pillars of Energy Policy

Security of Supply

Climate Change

Cost

Which policy will achieve the best balance?

40 electricity target
40% Electricity Target
  • CONS
  • Too Expensive?
  • Visual Impact?
  • Still too reliant on gas?
  • PROS
  • Improves security of supply
  • Reduces CO2 emissions
  • Meets EU targets
  • Exploits huge natural resource
  • Stabilise electricity prices
  • Complemented by DSM
possible alternative strategies
Possible Alternative Strategies

Carbon Capture and Sequestration

Business As

Usual

Nuclear

Which other direction could we take?

slide13
BAU?
  • PROS
  • Decreased short term
  • electricity prices
  • Reduced capital investment
  • CONS
  • Fuel prices fluctuations
  • Loss of long term competitiveness
  • Ignoring EU Targets

Summary: Trading long term security of supply and sustainability for reduced short term costs.

nuclear
Nuclear?
  • PROS
  • Long Term electricity price decrease
  • Huge CO2 reductions
  • Secure fuel Supply
  • CONS
  • Not achievable by 2020!
  • High economic risk
  • Ignoring EU Renewable Targets
  • Legal barriers

Summary: An option Ireland should seriously consider as part of the fuel mix going forward.However nuclear's ability to solely solve our energy challenges is limited

carbon capture and sequestration
Carbon Capture and Sequestration?
  • PROS
  • Huge resource
  • Huge CO2 reductions
  • Secure fuel Supply
  • CONS
  • Not achievable by 2020!
  • High economic risk
  • High Cost
  • Ignoring EU Renewable Targets

Summary: Its implementation before 2020 is questionable. However it should be a serious consideration for future.

cons to 40
Cons to 40%

  • Too expensive? Can we afford it?
  • Visual Impact
  • Still reliant on gas
can we afford it

Can we afford it?
  • Gas and oil prices likely to rise
  • Long run, short run trade off
  • Many costs and benefits cannot be quantified
    • Security of supply
still reliant on natural gas
Still reliant on Natural Gas
  • Gas is a medium term solution
  • The least polluting of the fossil fuels
  • Currently the cheapest option available to complement wind
  • An overall decreased reliance on gas
visual impact
Visual Impact….
  • Trading long term environmental sustainability for aesthetics
pros to 40
Pros to 40%
  • Improves security of supply
  • Reduces CO2 emissions
  • Meets EU targets
  • Stabilise electricity prices
  • Complemented by Demand Side Management
  • Exploits huge natural resource (next slide)