McKinsey recently concluded a feasibility study to determine if electricity from 100% renewable resources was possible. The study determined that by 2050, not only is it feasible, but countries like Germany are leading the way to making it possible. The study, published by the European Climate Foundation was commissioned to examine the possibility of the EU achieving 80% greenhouse gas reduction by 2050 compared to 1990 levels. The study concluded that along with renewable energy being 100% feasible, it was also a reliable and economically sound energy decision.
Germany currently has one of the biggest renewable energies markets in the world with 2009 showing a 16.1% increase in the total share of electricity from renewable resources. Germany also saw its PV installations surpass 3.8GW last year, making it responsible for more than half of the world’s solar market for the year. With only 2% of Germany’s suitable rooftops covered with a PV system, the country has plenty of opportunity to expand its international lead in the solar renewable energy market.