Clean Energy on Cusp of Milestone

This week, the fourth annual study on the production of power worldwide was released by the energy research tank Ember. According to the study, wind and solar energy now account for an all-time high 12% of the world's electricity production. According to the research, 39% of the world's electricity is produced using clean sources, including nuclear and renewable energy. Despite the fact that emissions did reach an all-time high in 2022, the analysis also speculates that they may have peaked in 2022 and may already be starting to drop. According to the report, gas power generation decreased by 0.2%, the second decrease in three years, while coal power increased by just 1.1%.

The report's authors predicted that the year 2022 "will be remembered as a turning point in the world's transition to clean power." "Due to rising fossil fuel prices and security worries about relying on fossil fuel imports, several countries had to reevaluate their plans in the wake of Russia's invasion of Ukraine. Additionally, it hastened electrification by increasing the number of heat pumps, electric vehicles, and electrolysers. These will encourage emissions reductions in other industries and increase pressure to generate renewable energy more quickly.