Global Electricity Review 2024
London, July 30, 2024, (Oilandgaspress) –– A new analysis from energy think tank Ember has found that electricity from wind and solar grew to an all-time high of 30 per cent in the last six months compared to 27 per cent from fossil fuels. The remaining 43 per cent was made up by a mix of hydropower, nuclear and other sources. Electricity from fossil fuels fell by 17 per cent during the same period – despite demand recovering from the impacts of the gas price crisis. The EU’s continued strong roll-out of wind and solar power outpaced this rebound in demand.
Renewables generated a record 30% of global electricity in 2023, driven by growth in solar and wind. With record construction of solar and wind in 2023, a new era of falling fossil generation is imminent. 2023 was likely the pivot point, marking peak emissions in the power sector.
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