Cost for clean energy

Summary

Even if declining, fossil fuels will remain the main source of energy until 2050 and beyond.

There is a strong “correlation” between population growth and fossil fuel consumption.

The countries with the highest per capita energy consumption are Canada and some countries in the Persian Gulf, followed by the USA, Russia, China, Europe, Australia, Saudi Arabia and Iran while the countries with the absolute lowest per capita energy consumption are those of Central Africa.

The cost of capital for a solar PV project in 2021, was about 3 times higher for emerging and development countries compared to advanced economies and China: 11% versus 4%.

Investment costs for Clean energy, from 2021 to 2030, would increase by approx. 50% for advanced economies and China while rising to more than 100% for emerging and developing countries.

For all five income categories considered, an increase in life expectancy between 9-11 years is estimated by 2100. The estimate for the change in the number of inhabitants is +175% for the low-income category, +42% for the middle-low income category, +15% for the middle income, -28% for upper-medium-income -24% for the high income.

Links

https://population.un.org/wpp/Graphs/DemographicProfiles/Line/900

https://population.un.org/wpp/Graphs/DemographicProfiles/Pyramid/1502

https://ourworldindata.org/population-growth-over-time#:~:text=This%20implies%20that%20on%20average,8%20billion%2C%208%20times%20larger

https://ourworldindata.org/explorers/energy?time=2022&facet=none&country=USA~GBR~CHN~OWID_WRL~IND~BRA~ZAF&Total+or+Breakdown=Total&Energy+or+Electricity=Primary+energy&Metric=Per+capita+consumption

Even if declining, fossil fuels will remain the main source of energy until 2050 and beyond.

There is a strong “correlation” between population growth and fossil fuel consumption.

The countries with the highest per capita energy consumption are Canada and some countries in the Persian Gulf, followed by the USA, Russia, China, Europe, Australia, Saudi Arabia and Iran while the countries with the absolute lowest per capita energy consumption are those of Central Africa.

Year 2023, CO2 emission in the World: China, Russia, Australia and USA are the main producer.

The cost of capital for a solar PV project in 2021, was about 3 times higher for emerging and development countries compared to advanced economies and China: 11% versus 4%.

Investment costs for Clean energy, from 2021 to 2030, would increase by approx. 50% for advanced economies and China while rising to more than 100% for emerging and developing countries.

Population variation

https://population.un.org/wpp/Graphs/DemographicProfiles/Line/1502

Low-income Countries

Middle-income Countries

High-income Countries

For all five income categories, an increase in life expectancy between 9-11 years is estimated by 2100. The estimate for the change in the number of inhabitants is +175% for the low-income category, +42% for the middle-low income category, +15% for the middle income, -28% for upper-medium-income -24% for the high income.