The share of renewable vitality in international vitality consumption reaches nearly 15 %, an all-time excessive.
World fossil gasoline consumption and greenhouse fuel emissions reached report ranges final yr, at the same time as renewables generated extra energy than ever, in response to an trade report.
Fossil gasoline consumption rose 1.5 % in comparison with 2022, whereas emissions rose 2.1 %, the World Power Statistical Report confirmed on Thursday.
On the similar time, the share of renewable vitality in vitality consumption reached 14.6 %, up 0.4 % from the earlier yr.
Nick Wayth, chief government of the Power Institute, mentioned that whereas demand for fossil fuels is peaking in superior economies, financial improvement and enhancements in high quality of life in rising economies proceed to drive progress. fossils.
“Transition progress is gradual, however the massive image masks various vitality tales enjoying out in numerous geographies,” Wayth mentioned within the report’s foreword.
The World South accounted for 56 % of whole vitality consumption, and its use grew at twice the tempo of the worldwide common, in response to the report.
China was by far the biggest client of coal – accounting for 56 % of whole international consumption – whereas India’s consumption surpassed that of Europe and North America mixed for the primary time in historical past, the report mentioned.
Against this, coal consumption in Europe and North America fell to its lowest ranges since 1965, the report mentioned.
In the USA, coal consumption fell 17 % and has been reduce in half over the previous decade.
China and India additionally noticed massive will increase in pure fuel use, with consumption rising 7 %, in response to the report.
Demand in Europe fell 7 %, protecting international consumption comparatively steady.
China additionally drove the adoption of renewable vitality, accounting for 63 % of recent international wind and photo voltaic capability.
The Power Institute, which represents the worldwide vitality sector, publishes the annual report in collaboration with consulting companies KPMG and Kearney since 2023.
The institute took over publishing the report from BP, which had authored it for the reason that Nineteen Fifties.