Solar Economy
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Arguments Weighing the pros and cons What facts support the transition to a Solar Economy? And what factors slow the development? in Solar Economy energy is produced without emissions Carbon dioxide emissions contribute to climate change. Carbon dioxide emissions are not generated in the production of hydropower, solar power, ocean power (wave, osmotic, tidal), wind power and geothermal power. abundant heat and electricity from inexhaustible primary energy sources It is estimated that the proved oil and natural gas reserves will last for about 40 years and about 60 years, respectively (BP Statistical Review of World Energy, 2010). Solar-based energy is in turn inexhaustible. By gradually transitioning towards Solar Economy production forms, we can save fossil fuels also for future generations. Solar Economy is a flexible energy system Solar Economy is not based solely on one fuel or technology, it offers diverse opportunities. The two-way transmission of electricity in smart grids makes distributed, small-scale production possible. Energy can be stored, transmitted and used flexibly based on need. The end result is an ecologically and socially sustainable and cost-efficient system. Energy sources are utilised more sensibly Energy from the sun is distributed more evenly than fossil fuels, for example. This ensures a higher degree of energy self-sufficiency in many regions and reduces the geopolitical and economic tensions caused by the sufficiency of energy. At the same time, energy can be stored and distributed more efficiently, so it is worthwhile to produce it in locations with the most favourable conditions. The consumer is an active player Now energy production is based on demand but in Solar Economy also energy consumption will be based on production. Energy is generated both centrally and in a distributed manner. With the change, electricity consumers can also be electricity producers – customers become active players with more ability to influence their electricity usage and its financial and ecological implications. 8 Fortum forAgendA
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