Report says humans may be on brink of cutting fossil fuel generation, even as demand for electricity rises
Renewable energy accounted for more than 30% of the world’s electricity for the first time last year following a rapid rise in wind and solar power, according to new figures.
A report on the global power system has found that the world may be on the brink of driving down fossil fuel generation, even as overall demand for electricity continues to rise.
Which still means that fossil fuel power plants loose money in those periods due to low electricity prices. Those low prices also lead to electricity storage and more electricity consumption. The later is good, when it replaces other fossil fuel consumption(usually that is).
I really wish that is true but I seriously doubt it. Although my country made a hard shift into renewables (hydro, wind and solar, more recently) to the point we have had entire days when those sources alone can provide the necessary energy to run the country, while fully deactivating coal centrals and only maintaining on or two gas powered, storage hasn't been a great concern, unless we count green hydrogen as such, with a plant to be built somewhere in the near future (or not).
Is this installed capacity, or actual power output? If installed capacity, you'll need a lot more than 100% since that's just the nameplate max capacity, not the average. I'm glad we've gotten this far, but we still need to transition to 100% or more very soon.
Renewable energy accounted for more than 30% of the world’s electricity for the first time last year following a rapid rise in wind and solar power, according to new figures.
A report on the global power system has found that the world may be on the brink of driving down fossil fuel generation, even as overall demand for electricity continues to rise.
Clean electricity has already helped to slow the growth in fossil fuels by almost two-thirds in the past 10 years, according to the report by climate thinktank Ember.
The surge in clean electricity is expected to power a 2% decrease in global fossil fuel generation in the year ahead, according to Ember.
World leaders are aiming to grow renewables to 60% of global electricity by 2030 under an agreement struck at the UN’s Cop28 climate change conference in December.
This would require countries to triple their current renewable electricity capacity in the next six years, which would almost halve power sector emissions.
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