The new vision of a world power grid, the Global Energy Interconnection, was outlined in a speech by the Chairman of the State Grid Corporation of China. Built on a backbone of a global ultra high voltage grid, the project not only envisionsglobal power connectivity, but global power generation. The grid will connect proposed wind farms in the North Pole, and solar farms built at the equator that transcend national boundaries.
It’s exactly what’s needed if such renewable energy sources as wind and energy, which could potentially shoulder the vast majority of the world’s energy generation, will ever become a viable alternative.
The proposed $50 trillion, when funneled to the development of newly emerging strategic industries, renewable energy, new materials and electric vehicles, will create the needed tech to address power needs in the foreseeable future.
If renewable energy generation grows at an annual rate of 12.4% throughout the world, then by 2050 renewable energy should increase to 80% of total consumption, realizing the dream of abundant clean energy and completely superseding fossil fuels.
From now to 2020, we need to promote clean energy development, domestic grid interconnection and smart grid construction in various countries.