In a significant stride towards a sustainable future, researchers have outlined viable pathways for the global energy sector to achieve net-zero emissions by 2060. The study, led by Rahmat Al Hasibi from the Department of Electrical Engineering at Muhammadiyah University of Yogyakarta, Indonesia, explores four distinct power generation scenarios, offering a roadmap for policymakers and energy suppliers navigating the complex transition to a carbon-free power system.
Published in the *Journal of Renewable and Sustainable Energy*, the research presents a baseline scenario, reflecting current policies, and three net-zero emission scenarios: optimizing renewable energy sources, utilizing carbon capture and storage (CCS) technology, and incorporating nuclear technology into power generation. The findings suggest that all three net-zero scenarios are technically feasible, providing a glimmer of hope for the energy sector’s decarbonization efforts.
The scenario involving nuclear technology emerged as a standout, with the lowest cumulative planning cost of $84.7 billion and the highest job creation potential, adding 275,000 jobs by 2060—a 60% increase over the baseline scenario. “While the nuclear scenario requires the highest total investment cost of $44 billion, it offers the most significant economic and employment benefits in the long run,” Al Hasibi noted.
The renewable energy scenario, on the other hand, presents a more balanced approach, with moderate costs and job creation potential. Meanwhile, the CCS scenario, although promising, lags slightly behind in terms of economic and employment impacts. “Each scenario has its unique advantages and challenges,” Al Hasibi explained. “The optimal choice will depend on regional resources, political will, and long-term strategic planning.”
The study’s insights are particularly relevant for the energy sector, as it grapples with the commercial impacts of the transition to net-zero emissions. The findings underscore the need for strategic investments in renewable energy, CCS, and nuclear technologies, as well as the importance of policy support and international cooperation.
As the global energy sector stands at a crossroads, this research offers a beacon of hope and a practical guide for achieving a sustainable, carbon-free future. The study’s findings are expected to shape future developments in the field, influencing policy decisions and investment strategies as the world moves towards a net-zero emissions future.