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Fossil fuel use and CO2 release
Posted on: June 20, 2024 at 17:09:37 CT
Ace UNC
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The world’s consumption of fossil fuels climbed to a record high last year, driving emissions to more than 40 gigatonnes of CO2 for the first time, according to a global energy report.
Despite a record rise in the use of renewable energy in 2023, consumption of fossil fuels continued to increase too, an annual review of world energy by the Energy Institute found.
Juliet Davenport, the president of the Energy Institute, said the report had revealed “another year of highs in our energy-hungry world” including a record high consumption of fossil fuels, which rose by 1.5% to 505 exajoules.
The findings threaten to dash hopes held by climate scientists that 2023 would be recorded as the year in which annual emissions peaked before the global fossil fuel economy begins a terminal decline.
The Energy Institute, the global professional body for the energy sector, found that while energy industry emissions may have reached a peak in advanced economies, developing economies are continuing to increase their reliance on coal, gas and oil.
Overall, fossil fuels made up 81.5% of the world’s primary energy last year, down only marginally from 82% the year before, according to the report, even as wind and solar farms generated record amounts of clean electricity.
The report, authored by consultants at KPMG and Kearney, found that wind and solar power climbed by 13% last year to reach a new record of 4,748 terawatt hours in 2023.
But that was not enough to match the world’s growing consumption of primary energy, which rose 2% last year to a record high of 620 exajoules and led to more fossil fuel use.
Despite a record rise in the use of renewable energy in 2023, consumption of fossil fuels continued to increase too, an annual review of world energy by the Energy Institute found.
Juliet Davenport, the president of the Energy Institute, said the report had revealed “another year of highs in our energy-hungry world” including a record high consumption of fossil fuels, which rose by 1.5% to 505 exajoules.
The findings threaten to dash hopes held by climate scientists that 2023 would be recorded as the year in which annual emissions peaked before the global fossil fuel economy begins a terminal decline.
The Energy Institute, the global professional body for the energy sector, found that while energy industry emissions may have reached a peak in advanced economies, developing economies are continuing to increase their reliance on coal, gas and oil.
Overall, fossil fuels made up 81.5% of the world’s primary energy last year, down only marginally from 82% the year before, according to the report, even as wind and solar farms generated record amounts of clean electricity.
The report, authored by consultants at KPMG and Kearney, found that wind and solar power climbed by 13% last year to reach a new record of 4,748 terawatt hours in 2023.
But that was not enough to match the world’s growing consumption of primary energy, which rose 2% last year to a record high of 620 exajoules and led to more fossil fuel use.
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Fossil fuel use and CO2 release - Ace AU - 6/20 17:09:37
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