Fossil fuels are consistent at 82% of the global energy cake, so to speak, but the cake is getting bigger. Someone wails that ‘overall global energy-related greenhouse gas emissions increased again’ as the so-called Paris climate agreement fades further into irrelevance. Time to stop clinging to pipedreams and admit realities.
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Record increases in solar and wind installations in 2022 failed to cut into the massive 82% share of fossil fuels in global energy consumption, says OilPrice.com, amid turbulent energy markets and energy security concerns, the annual Statistical Review of World Energy showed on Monday.
Moreover, despite the record growth of global solar and wind capacity additions last year, emissions rose again, to a new record high, and further put the world off track to the Paris Agreement targets, said the report, published by the Energy Institute (EI) and partners KPMG and Kearney, which earlier this year took over the publishing of one of the industry’s most closely-watched reports from BP that had published it for the prior 71 years.
The latest report showed that primary energy demand growth slowed in 2022, increasing by 1.1%, compared to 5.5% growth in 2021, and taking it to around 3% above the 2019 pre-COVID level.
Full article here.