Smart grids are networks that monitor and manage the transport of electricity from all generation sources to meet the varying electricity demands of end users. They are, and will continue to be, deployed at different rates in a variety of settings around the world, depending on local commercial attractiveness, compatibility with existing technologies, regulatory developments and investment frameworks.
About smart grids
The widespread deployment of smart grids is crucial to achieving a more secure and sustainable energy future. As well as addressing current concerns with existing electricity systems, such as ageing infrastructure and increasing peak demand, smart grids are an important element for expanding the use of a number of low-carbon technologies, including electric vehicles and ‘variable’ renewables (wind, solar PV, tidal, and wave generation).
The ETP BLUE Map Scenario assumes that global energy-related carbon dioxide (CO2) emissions are reduced to half their current levels by 2050. This scenario examines ways in which the introduction of existing and new low-carbon technologies might achieve this at least cost, while also bringing energy security benefits in terms of reduced dependence on oil and gas, and health benefits as air pollutant emissions are reduced.
The BLUE Map Scenario is consistent with a long-term global rise in temperature of 2°C to 3°C, but only if the reduction in energy-related CO2 emissions is combined with deep cuts in other greenhouse-gas (GHG) emissions. The Baseline Scenario considers the business-as-usual case, not reducing emission levels to any predetermined goal by 2050. The BLUE Map and Baseline Scenarios are based on the same macroeconomic assumptions.