Renewable energy hardly shakes global dominance of fossil fuels
2023/6/26
This annual report is the benchmark report of the oil industry, by the Energy Institute (Energy Institute, EI) and consulting firm KPMG (KPMG) and Kearny (Kearny) in February this year from the hands of the British Petroleum Corporation after the first release. BP has been responsible for writing the report since the 1950s.
Last year, following the outbreak of the Russia-Ukraine conflict, energy markets were in turmoil, driving gas and coal prices in Europe and Asia to record highs.
While installed renewable energy capacity saw its largest-ever increase last year, at 266 gigawatts, with solar growth outpacing wind, the report said, oil, natural gas and coal products consolidated their lead in meeting most energy needs.
According to the report, global primary energy demand grew by about 1 percent last year, slowing from the previous year's 5.5 percent increase, but still about 3 percent higher than the level before the 2019 New Crown epidemic. Primary energy is a variety of energy and resources taken directly from nature without processing and conversion.
Global electricity generation grew by 2.3% last year, a slower rate of growth than the previous year. The share of wind and solar energy in electricity generation reached a record 12 percent, again surpassing nuclear power and meeting 84 percent of the growth in net electricity demand.
Coal's share of electricity generation remained dominant at about 35.4%.
Total Greenhouse Gas Emissions Increase Again
Global energy-related emissions (including industrial processes and combustion) rose 0.8 percent last year to a new high of 39.3 billion tons of carbon dioxide equivalent, according to the report.
"Despite further strong growth in wind and solar energy, total global energy-related greenhouse gas emissions increased again," said Juliet Davenport, director of the Energy Institute. "We're still moving in the opposite direction of what the Paris Agreement calls for."
By 2030, the scientists said, the world would need to reduce greenhouse gas emissions by about 43 percent from 2019 levels to have any hope of meeting the Paris Agreement's goal of holding global temperature increases to less than 2 degrees Celsius above pre-industrial levels.
Other highlights of the report.
The report also shows that oil consumption rose by 2.9 million barrels per day last year to 97.3 million barrels per day, a slower increase compared to the previous year.
Against a backdrop of record gas prices, global gas demand fell 3 percent last year, but still accounted for 24 percent of primary energy consumption, slightly less than the previous year.
Global coal consumption grew 0.6% last year, the highest level since 2014, driven mainly by demand from countries such as India, while consumption in North America and Europe fell. China added the most solar and wind energy last year.
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