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WORLD ENERGY [R]EVOLUTION<br />

A SUSTAINABLE ENERGY OUTLOOK<br />

6<br />

key results | ELECTRICITY GENERATION & JOB RESULTS<br />

future costs of electricity generation<br />

Figure 6.6 shows that <strong>the</strong> introduction of renewable technologies<br />

under <strong>the</strong> Energy [R]evolution <strong>scenario</strong> significantly decreases <strong>the</strong><br />

future costs of electricity generation compared to <strong>the</strong> Reference<br />

<strong>scenario</strong>. Because of <strong>the</strong> lower CO2 intensity of electricity<br />

generation, costs will become economically favourable under <strong>the</strong><br />

Energy [R]evolution <strong>scenario</strong> and by 2050 will be more than 12<br />

cents/kWh below those in <strong>the</strong> Reference version.<br />

Under <strong>the</strong> Reference <strong>scenario</strong>, on <strong>the</strong> o<strong>the</strong>r hand, unchecked growth<br />

in demand, an increase in fossil fuel prices and <strong>the</strong> cost of CO2<br />

emissions result in total electricity supply costs rising from today’s<br />

$25 billion per year to more than $202 billion in 2050. Figure 28<br />

shows that <strong>the</strong> Energy [R]evolution <strong>scenario</strong> not only complies with<br />

Mexico’s CO2 reduction targets but also helps to stabilise <strong>energy</strong><br />

costs and relieve <strong>the</strong> economic pressure on society. Increasing<br />

<strong>energy</strong> efficiency and shifting <strong>energy</strong> supply to renewables leads to<br />

long term costs for electricity supply that are more than 50%<br />

lower than in <strong>the</strong> Reference <strong>scenario</strong>.<br />

Due to <strong>the</strong> increased demand for electricity, especially in <strong>the</strong><br />

transport and industry sectors, <strong>the</strong> overall supply costs in <strong>the</strong><br />

advanced version are $1 billion higher in 2030 but significantly<br />

higher share and consumption of electric vehicles lead to $4 billion<br />

higher costs in 2050 than in <strong>the</strong> basic Energy [R]evolution <strong>scenario</strong>.<br />

job results<br />

The Energy [R]evolution <strong>scenario</strong>s lead to more <strong>energy</strong> sector jobs<br />

in Mexico at every stage of <strong>the</strong> projection.<br />

• There are 185,000 <strong>energy</strong> sector jobs in <strong>the</strong> Energy [R]evolution<br />

<strong>scenario</strong> and 228,000 in <strong>the</strong> advanced version by 2015, compared<br />

to 127,000 in <strong>the</strong> Reference <strong>scenario</strong>.<br />

• By 2020 job numbers reach 181,000 in <strong>the</strong> Energy [R]evolution<br />

<strong>scenario</strong> (166,000 in <strong>the</strong> advanced version), twice as much as in<br />

<strong>the</strong> Reference <strong>scenario</strong><br />

• By 2030 job numbers in <strong>the</strong> renewable <strong>energy</strong> sector remain at<br />

around 120,000 in <strong>the</strong> Energy [R]evolution <strong>scenario</strong>, while <strong>the</strong><br />

advanced version has a fur<strong>the</strong>r growth up to 138,000. In <strong>the</strong><br />

Reference <strong>scenario</strong> jobs in <strong>the</strong> renewable power sector has only<br />

26,000 jobs.<br />

figure 6.6: development of total electricity supply costs<br />

& development of specific electricity generation costs<br />

under 3 <strong>scenario</strong>s<br />

220<br />

200<br />

180<br />

160<br />

140<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

Billion $/a 0<br />

2007 2015 2020 2030 2040 2050<br />

22<br />

20<br />

18<br />

16<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

0 $¢/kWh<br />

ENERGY [R]EVOLUTION - ‘EFFICIENCY’ MEASURES<br />

REFERENCE SCENARIO<br />

•<br />

ENERGY [R]EVOLUTION SCENARIO<br />

ADVANCED ENERGY [R]EVOLUTION SCENARIO<br />

62

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