Renewables’ share of world power consumption reaches almost 15 %, an all-time excessive.
International fossil gas consumption and greenhouse gasoline emissions hit file highs final yr, whilst renewables generated extra power than ever earlier than, an trade report has discovered.
Fossil gas consumption rose 1.5 % in contrast with 2022, whereas emissions elevated 2.1 %, the Statistical Evaluation of World Vitality report confirmed on Thursday.
On the identical time, renewables’ share of power consumption hit 14.6 %, up 0.4 % from the earlier yr.
Nick Wayth, CEO of the Vitality Institute, stated that whereas demand for fossil fuels is peaking in superior economies, financial growth and enhancements in high quality of life in rising economies proceed to drive fossil development.
“The progress of the transition is sluggish, however the large image masks numerous power tales enjoying out throughout completely different geographies,” Wayth stated in a foreword to the report.
The International South accounted for 56 % of whole power consumption, with its use rising at twice the speed of the worldwide common, the report stated.
China was by far the most important shopper of coal – accounting for 56 % of the world’s whole consumption – whereas India’s consumption exceeded that of Europe and North America mixed for the primary time ever, in keeping with the report.
Against this, coal consumption in Europe and North America fell to its lowest ranges since 1965, the report stated.
In america, coal consumption fell by 17 % and has halved during the last decade.
China and India additionally noticed large will increase in using pure gasoline, with consumption rising 7 %, in keeping with the report.
Demand in Europe fell by 7 %, holding international consumption comparatively flat.
China additionally drove the adoption of renewables, accounting for 63 % of latest international wind and photo voltaic capability.
The Vitality Institute, which represents the worldwide power sector, has revealed the annual report in collaboration with consultancies KPMG and Kearney since 2023.
The institute took over the publication of the report from BP, which had authored the report for the reason that Nineteen Fifties.
