Clean energy on the cusp of rolling back fossil fuels: Report Experts say the world’s solar and wind investments have reached a tipping point in electricity supply – spelling doom for coal and gas.
The Green Industrial Complex never sleeps. This piece is a classic example of one-eyed agitprop filling the news cycle daily.
Clean energy on the cusp of rolling back fossil fuels: Report
Experts say the world’s solar and wind investments have reached a tipping point in electricity supply – spelling doom for coal and gas.
Published On 8 May 20248 May 2024
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Renewable energy will this year shrink fossil fuels’ reigning share of the global electricity market for the first time.
That is the key finding of Ember, a leading energy think tank based in London, which on Wednesday published its first comprehensive Global Electricity Review analysing data from 215 countries.
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Thanks to the galloping pace of new solar and wind capacity, renewables have been claiming almost all growth in electricity demand for five years, leaving fossil fuels stagnant.
But this year, said Ember, they will also roll back fossil fuels’ market share by 2 percent – the beginning of a decade-long process of knocking them out of electricity production altogether in three dozen developed economies.
Renewables expanded by an average of 3.5 percent a year during the past decade, compared with an annual 1.5 percent in the previous decade, as prices for photovoltaic panels and wind turbines climbed down and their productivity soared.
Ember found that the world already produced a record 30 percent of its electricity from carbon-free sources last year.
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Several additional factors suggest 2024 will be a turning point, said Dave Jones, one of the report’s lead authors.
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Stu, great chatting. You should think about interviewing Tom Shepstone. He is a great ally, longtime energy maven and Marcellus Basin publisher. Very smart and articulate.
Stephen, kind of funny - Can you make an iPhone from a wind mill? Can a solar pannel make plastics? Wind and Solar can't replace petrolium products.- again thanks for your time this week!