Breakthrough in renewable energy - VPRO documentary

Breakthrough in renewable energy – VPRO documentary



the world had made a deal in December the world leaders came to an agreement to stop climate change world leaders congratulated each other because lengthy negotiations had finally resulted in the decision to prevent a catastrophic warming of the earth a political victory but was it this story tells us why now after 20 years of ineffective negotiations a climate agreement is finally in place it's a story of numbers of economic predictions and scientific theories about how our political leaders have been guided by one thing only this is a story of money imagine this is in the Gulf you're generating solar power more cheaply than you could generate from gas well you that your guys here on that you bet probably about on the pan and what would I have with the single thing that will shift people off high carbon energy and into lower carbon energy is going to be the price prices are both competitive markets he needs to be subsidies when that situation is broken and free market decides to go for solar it will break like a dam is broken this is back light welcome to a future full of new energy the income the climate agreement had hardly dried when in January the yearly world Future Energy Summit took place in Abu Dhabi world leaders investors and businessmen assembled to talk about energy Your Highness Sheikh Mohammed bin Zayed bin Sultan Al Nahyan ladies and gentlemen but they didn't just talk about the climate agreement the main topic was what had happened to the price of sustainable energy we have made a good start there has been remarkable progress on many fronts the fall in prices for renewable energy especially solar energy and the emergence of new business models are bringing sustainable energy within which as a result of progressive advances in technology policy and finance those solutions are reliable efficient and commercially competitive we are seeing sustainable and clean technologies ramping up across all geographies all industries and in the most unusual places last year while all eyes were on the Paris climate negotiations just outside Dubai in the United Arab Emirates history was being made this solar energy plant has changed the world last year a contract was signed to expand this solar plant the new part of the plant will produce electricity more cheaply than gas plants sustainable energy experts all over the world were taken by surprise by the deal Michael liebreich is one of them who since 2004 has been running Bloomberg New Energy Finance a leading research agency for investors in sustainable energy the D were solar project was really a wake up call particularly in the Middle East region but really around the world because it was an unsubsidized project unsubsidized price and it came in at 5.8 for US cents per kilowatt hour it opened the floodgates to a lot of countries saying well we would quite like a piece of that so solar energy which is cheaper than the electricity produced using cheap gas the CEO of Dubai's electricity company D WA was surprised when he heard the news we are lucky and it was floated at the right time so we got the right price the interest rate was down and I think just we've got the best price you go to the big oil companies that produce reports on the future of energy the shells the BP is the exons and so on and they were the time say or solar costs about fifteen cents and here was a project in Dubai that came in at less than six cents so it was a wake-up call I wasn't expected really I was here then I did informed that attended were open and I see mister that's the secretary-general of arena I do I mean he told me said you are a bitch mark and renewable I said what because you know we are very transparent we put the prices on our website and he said he received 300 article you know about this price so we are very pleased about the result and about this achievement imagine this is in the Gulf you're generating solar power more cheaply than you could generate from gas it changes everything the low price for electricity from solar energy has made the electricity company hungry for more after a 200 megawatt expansion there is to be a new expansion next year of 800 megawatt and along with this deal the Emirates have tripled their target for sustainable energy by 2020 my understanding is that the what they've told those organizations as companies bidding is that they would expect it to be sub 5 cents under 5 US cents per kilowatt hour it changes everything if Solar is the cheapest single form of new power in a country in a region Dubai is not the only place where solar energy is cheaper than fossil fuel electricity all over the world there are project getting set to produce sustainable energy more cheaply than coal or gas plants Australia Chile the state of California Italy and Jordan have all reached the tipping point for the production of sustainable energy and it doesn't stop there in India plans for a coal plant in Punjab were canceled at the last minute because it was cheaper to cover the terrain with solar panels it is expected that over the next few years Mexico Germany Morocco China and a number of American states can be added to the list of countries where sustainable energy will be cheaper deutsche bank expects that in a few years solar energy will be cheaper in 80% of the world Mike Eckhart of Citibank who's been active in the field of sustainable energy for 40 years is not surprised all of this is very predictable if you know manufacturing economics and all of my team in those days were engineers with MBAs so they knew how to earn these estimates all this has been very predictable actually and the 70s was the beginning of all this and I picked it up right at the beginning but it's been driven really by the cost-effectiveness of renewable energy particularly new electricity that's what we're talking about just in these last three to five years particularly five years the cost of solar cells has dropped tremendously today even though there are many incentives many subsidies many encouragement to use renewable energy it's actually become cost competitive on its own even without those so it's good to have those but this is a very big success happening right now I have never had any doubt that the costs of these technologies would come down early in my career one of the things I love to do is to calculate experience curves the experience curve the way it works is every time you double the cumulative experience in a particular activity the costs come down by a roughly fixed amount and I've calculated them in my career for many many industries of course in semiconductors there's the famous Moore's Law which is the 50% reduction for every in every 18 months but that's really a special case in an industry which is doubling volume so so so quickly and so consistently in terms of the number of microchips and leather that pervade everything around us that's continues to grow at such a rate that the doublings happen very quickly it's the same with whether it's the solar cells and panels or whether it's the inverters or whether it's the software that used to control it all so the wind turbines you know there's a lot of steel and concrete involved and that doesn't go down and cost quite as fast but all of the wind specific components all the software that manages it the blades which are very specific etc that's all coming down in cost on these very consistent experience curves the destination that sense of inevitability you have no doubt because it's just just waiting then you'll reach that tipping point renewable energy is subject to manufacturing economics we're all products go down in costs the more you make versus the competition fossil fuels are resource oriented not manufacturing and the cost of resources goes up the more you use and so you fundamentally have two curves that were going to cross and they've crossed in the last five years in particular last three years and so I've had a smile on my face for twenty years and I knew this wasn't going to be a big winner if you really got into the numbers in this I said this is unstoppable I saw this coming and it's just fantastic to be here now and to see it happening and then wind turbine costs have really come down as they build bigger towers longer blades more efficient gearboxes the whole thing is just improved and so the cost of solar electricity the electricity from solar energy has dropped eighty percent in the last five years the cost of wind electricity has dropped 50 percent in the last five years so in both cases the electricity from wind and solar has come in to economic competitiveness finally to save us from climate change the world needs to switch to sustainable energy it is doable but only if the energy becomes really cheap there is one country where they have understood the urgency China there was the rise of a hugely important issue in China which is air pollution in the cities that is really a catastrophic situation and hundreds of thousands of people's lives being blighted chun-hyang is a professor and director of the chinese institute for energy environment and economy in beijing but he too is a victim of the ever increasing pollution okay so I'm ready okay you put you know buddy yeah Kate food you know India hmm take a chair for her kind little treasure would you go woman yeah I know yes it was a jinan yin to Anna's look at the poor father that's what yang youngja sure what's on Kenya so Chandigarh your ammonia so oh my god you're trying here oh-ho-ho Oh Jonathan you can take a woman hand it'll catch on you go you can determine Yin do ya feelin d the journey to the treasure can you push for for hell it was astonishing in the kind of before most countries try to further the use of sustainable energy with a few subsidies here and there but not China determined to take some major steps China came up with a cunning plan to produce lots of solar panels and wind turbines we are hearing a woman tenancy Bundesrat on Joe Biden Harris Ebola Harlan is a Neanderthal men todavia Sharma the engine vo Senora Santana will major in the entire Dallas 3d audio channel ugochi Sonja not allow teachers windward honey to be aha kind of religious result I know no hand against tradition nice yeah teacher Jung got Honolulu tiene una Gorra nosey Rosie yesterday Guanyin abhava toward our point unit everyone but kind of been here dry hump an indention yeah Tina do you understand well me your favorite workout favorite cereal you move that well it's their plan the Chinese Communist Party as a hundred year plan they set a plan where they were drive their economic growth with low-cost coal-fired power to get wealthy and then they would use their wealth to clean it up with clean energy and so whereas the Chinese seemed like there were terrible people they were actually implementing a plan knowingly that unfortunately they would be damaging the environment but they bet that they would make such wealth they could then clean it up they have goals like last year they had a goal for 2020 of 100 gigawatts of solar PV and 200 gigawatts of wind by 2020 and this is a plan they gave him in 2014 well they updated that plan this year they normally don't do that it's every five years but they did a one-year update increasing both of them by 50 gigawatts I mean the US has 8 gigawatts installed right and they're installing at 18 gigawatts a year and oh my god this is fantastic what they're doing and 250 gigawatts of wind by 2020 now they're getting more aggressive with the plan because they see they can do it during the next few years China will speed up the transition to sustainable energy even further but what's going on here why does China believe it can introduce wind and solar energy so much sooner than we in the West should you don't want to die digger even you go you get you guys think easel that's one casually Yampa don't probably mother tweak water you don't yeah hey look what huh – look what honey butter Thomas's food here is 320 here you go pairs of your gold members are younger I'd only miss you sure that's really young as your sweet on you dig oh you mean we mow it up I might have at home I give you a deep if you ready I don't worry gotta go you gotta go do it you can take it very good tell you buddy okay she's young there's on whatever learning curve are there some with Alan Hill teachers from easy na Ginga cambogia how did you sir this is some funny and the funny on a comeback and funny in the fight at home it doesn't make him our total open I do have Jessica human and it is open the Moldovan Tijuana children in a tomb what does want you don't know I just home with the wrong told you don't know get ready rotation starting a digital just totally yummy gazillion camera really camera hey champion I wanna be a tortured over addressing each Emma huh so on camera she Jenica media Xiao Tian Xian Giovanna from using as a zoom but it won't you said you go tell you with him and him are they sure huh how do we do sighs all right well huh nucleophiles yeah Jana Turner to be like I wanna kick resetting if you don't quit there's a new total bitter thoughts would of this one unit of Leon either Cheryl test charge under you carried you here just YouTube your Amana 50 questions to the soon sooner sooner kezzeme oh no years yet take a shot down two feet on quitter yeah Tina Teeter one sec yeah wasn't gentle it is assumed war the holiday and you're a higher degree she a trilogy I don't follow Farhana the finder you easy TiVo negotiation Eleuthera ha na no dalla Duluth to cry language sure did here Tamina Shankara ding dong da Jung Geun Oliver Oliver he national hero to the mission in Giroud obedient to your son daughter girly new ho he's an Android holiday don't hand and walk with violence you don't young widow see you on a learning curve Kevin other early as possible I see you on a daughter for ya are you looking to good weather hits all the shiny Charlotte Johanna wanna quit with a crazy vitaly mother girl you got she hundred hits for sure does she wanna wanna know 200s again it you ready ready to go to me with your mother but she wanted ring that just had a girl she she she should associate your shoes hey to it really went down there and you can't tip sister cash unless you're wrong so that's you're nine you'd be here you go yo you either come back you show to pay the times that's real hope hole I do it do to go you hold that you can return it has a fee don't go that educator yeah we ain't who's gonna kill me where you go in here I don't worry cheated you so what is infinite even hero oh sure you gonna do up ah Ola add that I did hold up take my number – I didn't get debates debated young you what you like Josie haha no chance no t go t any food off you go Church oshri and man you do something you idiot rescue the Congress if you media and that don't work y'all don't grant is she talk to ginger so quick don't see them either so what get somewhere over so I don't worry vanity a catchin him Sonny Hannigan say your car don't oh yeah top of the girl handed did year there's a veto if you know she has a key she won't be your honor he he wanna turn you couldn't close affinity yeah did it again and I crying in that don't we're not worrying that is laudable why I think the world should thank China for scaling up aggressively if it was subsidizing it's that scale up and that's the use of Chinese funds we should thank them for it we should also thank the Germans because they spent an enormous amount tens if not hundreds of billions of euros and that was the seed funding that justified those decisions over inch come with a timeout the energy champion come to you you know me well you're the real guys here man he better ye batter on the pan on Walford homework it's only Anna yet your piano guy responsible lesion yeah woman so what's your heels were shitty on your woman what you want Senate me what a camera when the whole regular yoku yeah me within our hello I'm your own woman yeah because of the scale up in production and the rapidly falling prices of wind and solar energy the world of the big investors is beginning to turn its attention to what used to be called alternative energy we see that investors that would have thought of investing in a wind farmers have weird and exotic and somehow you know high risk and and so on and we see them now you know much much more comfortable Yohann vermouth is a german investor who has been operating in sustainable energy for quite some time he thinks the current price reductions will convince other large investors to invest in sustainable energy and he has very large investment funds in mind such as the funds of the Middle East oil State the aim is to collect money to convince sovereign wealth funds to move billions we hope if you're sitting on say 2000 billion dollars worth of natural gas and 200 billion dollars of cash if you only allocated 1% of the assets to what I call the new Industrial Revolution which is defined by competitive renewable power greater resource efficiency internet-enabled efficiency decentralized power they could actually be around in ten years time all you see here is a joke every everything the tourism the airline everything disappears and all disappears because it's too expensive to bring the food here to heat the plot to cool the place they could be leader in the new industrial evolution if they switch but they have a very limited time horizon because in five years time all of their reserves have come they haven't built the new reserves new a new board base of revenue then they're gone for example Saudi Arabia with six nine billion dollar reserves 60 billion dollar deficit in ten years time they broke so if they don't switch they may lose the future so one Sheikh taking one positive decision that would be great signal 2003 came with then Minister of the Environment Gabrielle was to see as well and he said you got a straight change to renewable me they thought it was totally crazy no it's 800 cent per kilowatt hour you're completely crazy now you come back and say sorry it's not actually cheaper than all say yeah maybe you're right there it's a much easier story and what we need to do is explain to them that renewable power is so cheap for power generation that there's no chance for gas and coal but of course the life now is very easy and all comes at the ground you do nothing you drive your Ferrari to think hard and to build new things so what's the chance I'd say 25% very optimistic my colleagues would say one in a hundred for 1000 but I think because it's human young people people care to have a future they care about having your home for the people and I think if you talk to them about like I've been to the wedding of some of these shakes he's each other on the nose you know I know the auction dice guys and I think they don't like to kill the world that's my hope the people like fahara idea from qatar who studied the sustainability and came to the conclusion that only if they move to other percent renewable power to create as much desalinated water as they needs to feed themselves then they will be sustainable if not this is a their castles and a sound and everything they will disappear so some people have gotten it completely but the leadership hasn't gotten it yet so part of the work will be to do an aggressive media campaign Oh coupe coming the world has changed dramatically I've been investing in renewable power since 2002 last year was the year when the price of renewables fell below the price of coal oil and gas and as a result the whole world we live in is about to change drastically that's a shocking news that appeared in the last October when there was an open tender for the power for Dubai and was won by Deva the power plant at 5.6 5 cent per kilowatt hour oil would have to fall to $10 a barrel to compete with this price of solar 15 years ago it was a hundred times more expensive to get power from solar so all these 15 years there had to be subsidies for anybody in the right mind to put up solar pen on the roof now in Germany I asked myself do I pay 20 cents to the government or they put a panel on my roof for nine cents a kilowatt hour plus a battery in the basement for five CENTAC Lord hour and I'm free of the government a Elbe del Waitaha with allah dhu al-hijjah Mahalo panama he'll feed the home of Miletus Herrera has homeless ability hellotalk al burdy local metadata when I bet Ana was well off till I hadn't Marilee Leslie Moonves Natalia pp Allah or the worker so my recommendation to the Middle East is become part of the solution invest heavily in companies in Europe that have the solution to bright cheap and resource efficient production sources what funds have you got under management so on the asset management we have 200 million and advise 5 billion what have you averaged for the phone 30% at the moment no short strategy is average 25% panel what are you short you shorten on my elbows I presume exactly yeah yeah so we've been able to make a lot of money and do a lot of good in the world and you have to imagine this like a big dam as long as the price is above competitive markets they need to be subsidies when that situation is broken and free market decides to go for solar it will break like a dam is broken that transition from the incumbents in energy also enables social shifts which are really long overdue the energy industry is probably the most macho and socially backwards and corruption ridden industry in the world that's not even a controversial statement that you could prove that just by looking by reading a newspaper this reduction in the price of sustainable energy is causing the reshuffling of many a deck all over the world new major investors are seeing solar panels and wind turbines in a different light I used to hear a lot about how in theory investor X or Bank Y would love to invest in clean energy but it was so risky it was too risky and obviously I was looking at and thinking well the technology is not risky and it might be a bit more windy less windy more sunny less sunny on it but you can you can deal with that that's the statistics as weather forecasting there's insurance and so on and it always struck me as an oddity because those same investors would wake up owning a big chunk of BP after the Macondo spill or they'd wake up owning a big chunk of TEPCO after the Fukushima accident and they didn't seem to see that what they were actually doing was much more risky than investing in clean energy the single most important thing that changed it was Warren Buffett in the u.s. started to invest in wind and solar he didn't invest in technology he just bought projects and that opened a lot of mainstream investors eyes because this hang on a second this isn't just a bunch of you know tree huggers saying we should invest in this and accept lower returns because it's the right thing to do for the world this is Warren Buffett building a massive portfolio of wind and solar projects let's have a look at what he's doing now that the tipping point for sustainable energy has been reached the big box of investors such as pension funds are flowing towards sustainable energy and all this money must be steered in the right direction the major new innovations in sustainable energy are no longer to be found only on the exhibition floor but upstairs behind closed doors where financial masterminds and clever investors are working to reduce its price yet more we now face the real pool of capital in the world and arguably there's different numbers but there's something like a hundred and thirty trillion to 150 trillion dollars equivalent of capital in the hands of these institutional investors that's the pool of capital in the world that's all the wealth of the world is out there in these institutional investors and we are gaining access to that so we're literally having a higher supply of capital it's not just chasing capital they're also allocating to us more capital is available in fact they now complain that there aren't enough green investments for them because they've allocated so much capital so that's a good problem to have the interest of the capital markets the stock market investors the bond market investors the pension funds the insurance company investors the the managed funds the private equity funds and so forth that where the large capital is and it's extremely sophisticated and they are not going to move their criteria because solar energy is nice solar energy has to meet their criteria did I personally participated in creating the green bond market in the last two years only it's brand-new but very famous already very successful where Solar City was the first solar securitization done in 2013 so huge innovations in that it all came together there were teams and people like myself actively working to crack the code solve these problems match with the capital market requirement package these things it's like new architecture or new buildings or whatever this is new finance and it's for the good the combination of China's scaling up and financial innovations on Wall Street is resulting in rapidly falling prices for sustainable energy in the Middle East solar energy is so cheap that it's being used for the extraction of oil in a man for instance solar energy is being used to pump up heavy oil when this used to be done with natural gas the price of wind and solar energy hasn't bottomed doubt yet it is expected that over the next few years prices will drop substantially but even if wind and solar energy becomes dirt cheap we're still not where we want to be never forget we have to talk about the system because as you get more and more renewable energy intermittent energy in the system so you've got to invest elsewhere in the system in the grid perhaps in power storage in order to continue to operate it's about ecosystem changes where you can do some of this and then that enables that and then you could do some of the other and then this changes and so on it says to use Facebook terminology it's complicated now that sustainable energy will become permanently cheaper than energy from fossil fuels more attention is being paid to avoiding fluctuations in the electricity supply in effect the Netherlands Robin Bear thinks he has found a solution he wants to use the battery packs of locally based electric cars to store the cheap solar electricity produced by all the local solar panels and to use it in local homes when the Sun isn't shining I'd attend per nail enamel factor out and I'll make CDs a song now he called me a production company new Pineda production self-love a yarn and having a put self the duck jessica zufolo blanks foetus here in New York field of your home for a house out of a bag just from the atom at the elected Auto Show Kansas law that once promised owns a film equipment access all the energy and electrical house the ExCom seem to do this / – and his own slant open about that have in the outhouse in the antibiotics from the outer scale an who feels more today is don't deal commonly done and the restaurant about the highest bhai from the energy in the bag to flavor and you should I got the outer stage float about the heck I've actually I just hadn't even although that they almost within quarantine or kilometer if the guy others fear 5/4 kilobyte action areas the butter has no code the Korean house and Island today Vega made on stone version and he can show code that you need my helmet a black for your hitter like how is a mare and a helpful to say the other thing about to take over by Alma living a makeunder she does commune here the Navy Antilochus we kept over dr. Lindsay and it's like oh man Alto you can item a man hung over and obstacle I become nice maple subdivision as diagonal okhta bjurman and BM on the Nash the memory headers new lap add a slider of honor intent of new innovate care pet the channel happen to lead astray can type good lad I own bladder and deja microphones all 9g didn't evacuate or vector cannot be a PR – Yamaha Motor Lodge broker open it and I'll not long Whoville show me dr. a cheetah cut it on the Geico phony Oasis come sit by and how can you didn't stop or catch on now the tech village is that your to Vietnam vaguely if ladies the Alta Badia blatantly injured for one more capping overturn without notice electrician all that energy came to Canada higher than 3000 picker Blake in the back dr. Granville deunan this would also stop a new Zionism estimated 200 lab Bala did the tester and on for outer plane and a DJ onwards as okay I can vague in Jesus name different Claudell ing freedom good at and padiddle the bass again Jesus name and leave miracles inside the math like to start before I hope baking and fly this new energy system in Utrecht is a first in Europe the project is still in its startup phase but what is to start with 20 car charging stations will expand rapidly to a storage system using 200 electric cars and as the system grows it will only work better door chimes Oh Jun Hyeok our helper and krisis name of mark and in that the D'Amico sustain PVA glue my LC alternatives of the Asian para angel energy don't appear that has no except mine develop the arbor seen a strike he will become the ti 12,000 few con tomatoes or lanes you can plant shop all in mubahala and design of care to Han endow foresee a thousand care plants and nuclear plant would start and that he doesn't of own can selectively she has to go happened now they've done and that everything's calm AB that I kind of behind to hit on this calm elder care and don't all starter and stale again Jesus name but the vague oversized and butters Oh care had help after Mac now that the prices of solar panels and wind turbines are less of a problem more emphasis is being placed on finding solutions to deal with the fluctuations in electricity production but here on El Hierro the smallest of the Canary Islands they have solved the problem already – Johann Vera moot investor in sustainable energy projects this small island is the ideal spot to experience a world that will operate totally on sustainable energy they have done a miracle they are maybe the first community to be under percent renewable power they build a 113 gigawatt battery amazing because I guess then Island and they have is amazing leadership and they're going for it not just renewable power but all of it no waste biological farming great stuff how are you fine okay so we have a wonderful view here the island has come up with a clever way of storing excess energy they use a lake at the top of a mountain and a water reservoir at the bottom when there isn't enough wind they drain the lake into the reservoir thus generating electricity this is a very important for the island not only for for the electricity but even for for the supply of water if this reservoir is sold we are able to have energy for four days without wind the project of Corona del viento started with the idea to be 100% renewal on electricity the island is very far we are very very small fields are expensive and now also our pollutant so fuels has helped us to to develop but I think that at this moment if we have a better solution we don't have to stay on the past Kassian que proyecto euro fro siempre lo de Gagarin como una utopia por que desde una y la pequeña a que parte de capital cero era impossible conseguir inverse or a Cape UD Aron oedema otro gar al pre-act Oh Elka later de público que para nosotros era fundamental como una fuente de no solamente de serie de cambiar de nuestro Modelo sino también de otro dar la posibilidad de que fuera una fuente de ingresos Segura pareció tenían el hierro lo quixote del siglo veinte a fortune AA demente tiene mucho quixote a mucho machi hotel en el mundo y muchos mess ancho Panza también en el mundo pero sin barrio de maria I think a when Columbus Vasya mm-hmm he was the end of the world but the beginning no it was on the way to the new world so I think the logo for hero could be a hero on the way to the new world no mundo say yes on the way to the world so I think it's all beneficial I don't think there's a single negative to the transition to clean energy first of all a wind farm or our solar project is going to last at least for the life of the financing and maybe two or three times that these might last 40 years 60 even a hundred years for solar projects and that stabilizes economics basically you know your cost of electricity for the life of that plant you're not going to have natural gas prices spiking and then dropping gold prices going up and down and it's a stabilizing factor for every country that really gets a high percentage from renewable at energy the more energy we produce from renewable energy is money that stays on the island because if we don't have to pay for gas or fuels that came from outside the money stays on the island every step we made we have looked for others explains what someone has made on wind what any other place has made on waste or on organic agriculture and so we took inspiration from them and adapt to the conditions of the island now you can export the inspiration to the world you can make the whole world renewable like this super a bit more solar a bit electric cars and your perfectly independent I do sense that the forces that act towards a geopolitical destabilization and violence are lessened the more we put in or we clean and renewable energy it sort of doesn't take it away but it diminishes reduced so more stable economy and maybe more peace I do sense that that's a possibility if you say you can produce clean energy you can save money you can create employments for you or for your family all of that are advantages that they can touch they can see that's the strategy we must use there's a tipping point and you see this also particularly with solar rooftops so once you get a lot of homeowners who have them it's very much more difficult for a politician to you know to say oh you know this is alternative and silly and it's not remain stream and it's never going to work and so on because more and more people have the technology and it does work and it does reduce their bills and they expect their politicians to be on board we feel happy when we see that they see is a little bit rough before we were asking for columns for go fishing but now every every weather has his advantage it's totally humbling and ridiculous that we are in a place where people are I don't know they they didn't have electricity in 82 they're driving cars or 10000 euros wherever you go they give you bananas for free or food for free or unpretentious and the way ahead of us way ahead of us they are committed because they know for the future of the children the island we need to do something if these guys can do it we can do it and by the way I'm delaying my retirement now two years so far just because I'm having so much fun you

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27 thoughts on “Breakthrough in renewable energy – VPRO documentary

  1. Taxation just slows the process. Atm NGOs are stopping third world development by diswading coal power by saying they will deny aid if burn coal for power. Also results in oceans full of plastic as poor country's don't have the infrastructure and dump straight in the river.

  2. Part of the low price depends on something around 5 hours of peak power equivalent per day. To a first approximation, if you only have 2.5 hours of peak power per day, the price per kWh would be twice as much.

  3. It’s now or never to switch to alternative, sustainable and renewable energy. Indeed, great plan and achievement from the Chinese that will change everything in a positive way; giving mother Earth a chance to thrive and scale up towards a cleaner and safer future. Thank you for this documentary, very much appreciated and this switch to renewable affordable energy is so urgently necessary in our escalating polluted world.

  4. IF people wanted cheap clean energy, we had the solution setting in the patent office since 1979. No one wants it.

  5. Is it possible to "MAGNETIZE" the
    molecules of the salt of the Sea water or the Sodium? The purpose and the idea
    would be so to be able to separate the salt molecules from the Sea water and
    transform it to sweet or drinking water. After All, all Salt is a mineral.
    Minerals such as Sodium, Calcium, Potassium, and etc… are only substances
    that are formed naturally in the Earth. Minerals are usually solid, inorganic,
    have a crystal structure, and form naturally by geological processes. A mineral
    can be made of single chemical element or more usually a compound. If the Sea
    water can be transformed into sweet or drinking water by
    "Magnetization" process, it would make it much readily available,
    much less expensive than the processes of "Desalination" and the filtration
    systems.

  6. Awesome documentary guys, thanks for making it. A real positive outlook on whats become a rather depressing theme.

  7. As soon as everyone climbs down off their pet horse and work together. It's going be a mix of all for 100's of years.
    Using the pragmatic approach will fund research into cutting edge of whatever moment you choose. The wind isn't always blowing and the Sun doesn't always shine. Leaving fossil fuels a lane for extended years.
    I welcome the day that a huge breakthrough will become public knowledge. Until then use the best of any form or mix of energy use one can.

  8. Come on USA… get with it, there will always be use for gas in heating and cooking. Oil and coal for fuel so why the paranoia?

  9. The Canary Islands didn't invent the idea of pumped hydro electricity generation. We've been doing it here in the US for decades. Had to turn off this video. Watch out folks, bad research.

  10. In California renewable mandates and subsidies contribute to economic inequality. People that can afford solar roof top panels can get their electric power real cheap. To pay for the subsidies rates are jacked up for people that can’t afford solar panels. This contributes to energy poverty. Poorly sited wind turbines cause environmental damage. Well designed nuclear plants are the best source of base load power. Pumped storage still has a role play to deal with variations in power demand.

  11. Don't forget about CSP and with molten salts, we can have a type of solar power that can compete with geothermal, nuclear fission and even IGCC.

  12. As long as they invest in a new generation of nuclear reactors its all fine by me. If you desire a clean environment (one where you can recycle) the goal is to use more power, not less.

  13. One thing they talk like pumped storage is a new technology, it has actually been around for many decades.

  14. Ok so now that the co2 problem is solved, now we just have to figure out the other killer issues like rogue A.I. , meteorites, antibiotic resistant viruses, nuclear war, killer robots and corrupt governments just to name a few.

  15. Warren Buffett however wanted to exploit the California desert to do his solar. He could have used the old destroyed oil fields instead of the western mojave desert and taking the habitat of the desert tortoises. Like anything, the mitigation of the application is key to success from the start. There is no free use of the game board.

  16. I believe Tesla's invention for free energy via the centripetal force of our planets in space that is natural resources..With that in mind we are going to be 10 times better building on what Tesla had..We will get those lab papers from his lab which was destroyed and burnt down.. But the papers I believe someone has them.. We in America, Israel etc will all put our smart brains together and build on Tesla's science and to farther than what he had 10 times more and less space taken from these solar panels in our land space to vertically designed energy plants that are green and attractive also on each home providing each person with their own power plant ..Also be able to create water out of thin air to boot besides..Having gardens right under these safe new green towers of energy..because the water they produce also.. Our food waste for composted matter and what is not composted can be used as gas but safe gas..as long as there is more oxygen than that of CO….I think we can create this also growing Hemp as a way to re-green the desert for food clothes and food all in one place and one plant … "Hemp" and more trees in places and more plant life..My 2 cent$ worth..Great job Dubai!!

  17. The guy at 25:00 talk for nothing. The speech is like : "we are better than all this Arabian Country. We think for the future " but the true is that you need the money of these guys. Because we never see you in poor country/continent like Africa. Where are you? You don't like the Arab Guy and that the same for these guys. But both you don't really want change the world and helping other nation. You exclusively want to make money before helping anybody and when you have enough money you just run with your own mind without anybody.

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