The increase in solar and wind installations does not reduce fossil fuels
Record increases in solar and wind installations in 2022 failed to reduce fossil fuels' whopping 82% share in global energy consumption, amid turbulent energy markets and energy security concerns, as has the annual Statistical Review of World Energy showed on Monday.
What's more, despite record growth in global solar and wind capacity added last year, emissions have soared again, hitting a new record, and taking the world further away from Paris Agreement goals, the report said. Institute (EI) and partners KPMG and Kearney, who earlier this year took over the publication of one of the industry's most-watched reports from BP, which had been publishing it for the previous 71 years.
The latest report showed that primary energy demand growth slowed in 2022, increasing by 1.1%, compared with 5.5% growth in 2021, and bringing it to about 3% above the level pre-COVID of 2019. The dream of an easy transition to renewable energy, what the "Latest generation" kids would like, therefore remains such, that is, a dream. Current renewable sources are still too fickle to be a totally definitive alternative to fossil fuels.
Solar and wind capacity has continued to increase, with a record increase of 266 gigawatts (GW) last year. Solar power accounted for 72%, or 192 GW, of these capacity additions.
Despite the record increase in renewable energy, fossil fuels still account for 82% of global energy consumption, the report said.
“Despite record growth in renewables, the share of the world's energy that comes from fossil fuels remains stubbornly stuck at 82%, which should serve as a call to governments to start the energy transition more urgently,” said Simon Virley , Vice President and Head of Energy and Natural Resources at KPMG UK.
While energy demand grew 1.1% last year, global energy-related emissions continued to grow and increased 0.8% year-on-year, despite strong growth in renewables.
"Despite continued strong growth in wind and solar in the energy sector, global energy-related greenhouse gas emissions have continued to rise," said Juliet Davenport, president of EI.
“We are still going in the opposite direction to that required by the Paris Agreement,” Davenport added. Perhaps because the real alternatives to fossil fuels, ie nuclear fission and fusion, have not yet been pursued in a serious and definitive way.
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The article The increase in solar and wind installations does not reduce fossil fuels comes from Scenari Economici .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/laumento-di-istallazioni-solari-ed-eoliche-non-fa-calare-le-fonti-fossili/ on Mon, 26 Jun 2023 13:30:45 +0000.