Renewable energies are spreading rapidly on the planet, but not enough. In fact, efforts to escape fossil fuels still so inadequate that a new report warns We continue to move in the opposite direction of the Paris Agreement.
CO2 emissions from the energy sector across the planet Reached an all-time high in 2022, causing “worst impacts ever seen” on climate, according to a study by the Energy Institute conducted by Kearney and KPMG consulting firms.
“CO2 emissions from energy use, industrial processes, gas combustion and methane… continued to rise to a new peak of 0.8 percent in 2022,” the study said.
This means that primary energy consumption has increased by about one percent last year compared to 2021, or About three percent compared to the pre-COVID level in 2019.
12% renewable energy vs. 82% fossil fuel
Fossil fuels continue to dominate energy production, accounting for 82 percent of consumptionand this despite the strong deployment of renewable energies.
Meanwhile, wind and solar energy together reached 12 percent of total electricity productionhelped the greater increase in the capacity of both. However, it is still a very small percentage compared to climate-destroying fuels.
This is because demand for transport fuel continues to recover from pre-pandemic levels, even as China remains “significantly” below these thresholds as Covid restrictions continue.
Juliet Davenport, head of the Energy Institute, warned that the industry was moving “in the opposite direction” to the goals of the Paris agreement.
“2022 has experienced some of the worst effects of climate change: Catastrophic floods affecting millions of people in Pakistan, record heat events in Europe and North America… Instead, we must look very carefully to find positive news about the energy transition in light of this data.”
“Despite further growth in wind and solar power in the electricity sector, global energy-related greenhouse gas emissions have risen again.We are still moving in the opposite direction of what the Paris Agreement requires.“, added.
With the 2015 Paris Agreement, countries committed to achieving net zero carbon emissions by 2050, with the goal of limiting the rise in global temperatures to 1.5 degrees above pre-industrial levels.
Richard Forrest, president of the Kearney Energy Transition Institute, said that rising greenhouse gas emissions ” urgent need for action to move the world to achieve the Paris goals”.
He noted that 2022 will be a “turbulent year” with energy security at the top of the European political agenda due to Russia’s invasion of Ukraine and the post-pandemic recovery in demand.
Reference work: https://www.energyinst.org/statistical-review
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