A new study has shown that accelerated and strategic deployment of renewables and gas power can change the trajectory for climate change.
It is believed also that this will enable quick and substantive reductions in emissions, while in parallel continuing to advance the technologies for low or near zero-carbon power generation.
This is according to the latest white paper released by GE, entitled Accelerated Growth of Renewables and Gas Power Can Rapidly Change the Trajectory on Climate Change.
GE states that the power industry has a responsibility, and the technical capability to take significant steps to quickly reduce greenhouse gas emissions and help address climate change at scale.
The solution for the power sector is not an either/or proposition between renewables and natural gas, but rather a multi-pronged approach to decarbonisation with renewables and natural gas power at its core.
The paper emphasises that addressing climate change must be an urgent global priority, requiring global action and that additional renewable energy with natural gas, which has the benefits of flexibility and dependable capacity, is the most effective near-term solution to reduce carbon emissions in the energy sector.
According to the paper, even with rapid growth, renewable energy production is not occurring at a fast-enough pace or scale to deliver the CO2 reductions needed to fight climate change.
It said that gas power is an affordable, efficient and dispatchable means to complement renewables, with less than 50 per cent of the CO2 emissions compared to coal and that to impact the trajectory of climate change globally, countries need accelerated, strategic deployment of renewables and gas power.
Viewed separately, renewables and gas generation technologies each have merits and challenges as a means to address climate change and optimum solutions will differ regionally.
Such solutions will depend upon factors such as fuel availability and security, land use constraints, renewable resource availability, and the emphasis a particular region is placing on climate change.
Together, their complementary nature offers tremendous potential to address climate change with the speed and scale the world requires.