Last year, renewable energy produced 30% of World Electricity – Is It the End of the Fossil Fuel Era?

Clean electricity has already helped slow the growth of fossil fuels (oil, gas, coal) by nearly two-thirds over the past 10 years, according to the Ember report. It was found that the amount of renewable energy increased from 19 percent. electricity in 2000 up to more than 30 percent of the world’s electricity last year.

Solar power was the main driver of electricity growth, generating more than twice as much electricity as coal last year. It was the fastest-growing source of electricity for the 19th year in a row, and also became the largest source of new electricity for the second year in a row, overtaking wind power.

Experts expect that in the coming years, the production will increase by 2 percent. more clean electricity, the world’s fossil fuel production will decrease. The report suggests that the world may be on the verge of reducing fossil fuel production, even as overall electricity demand continues to grow.

It is estimated that last year China, the European Union (EU), the United States of America (USA) and Brazil together produced 81 percent. solar energy. China added the most renewable energy last year – 51 percent. new solar energy and 60 percent new wind energy.

However, at the same time, China 60% generated electricity from coal, which is the most polluting of all fossil fuels.

Global coal demand hit record highs in 2022 amid the energy crisis, up 4 percent from 2008. to 8.42 billion tons, the International Energy Agency has previously written. She predicted that in 2023 demand for coal will decline in almost all developed countries. He said that coal consumption will fall the most in the EU and the USA, while South Korea, Japan, Canada and Australia will see slower rates.

While the use of fossil fuels in the world’s electricity system may be beginning to decline, they continue to play an important role in the world’s energy supply, fueling transportation, heavy industry, and heating. A separate study by the Energy Institute last year found that fossil fuels, including oil, gas and coal, accounted for 82 percent. the world’s primary energies.

In order to implement the Cop28 agreement of the United Nations Climate Change Conference, according to which we aim to achieve by 2030 renewable energy resources would make up 60 percent. of the world’s electricity, countries would need to triple their current renewable electricity capacity over the next six years, which would almost halve emissions from the power sector.

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