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New UserRecord clean-power growth in 2023 to spark ‘new era’ of fossil fuel decline
20 Apr 2023
The
power sector is about to enter a "new era of falling fossil
generation" as coal, oil and gas are pushed out of the grid by a record
expansion of wind and solar power, according to new analysis by climate
thinktank Ember. In 2022, the expansion of wind and solar met 80 per cent of the
increase in electricity demand, Ember’s report shows. Combined with hydropower
and bioenergy, renewables met 92 per cent of the rise, coming close to covering
rising demand. Image: Marco Verch, CC BY-SA 3.0, via Flickr.
With even faster growth set
to continue this year, Ember says 2022 is likely to mark a “turning point” when
global fossil fuel electricity generation peaked and began to fall.
The think tank
forecasts that, by the end of 2023, more than 100 per cent of the growth in
electricity demand will be covered by low-carbon sources.
Experts broadly agree that
global electricity generation needs to be completely decarbonised by 2040 if
the world is to stay on track for its climate targets.
Ember says rapidly expanding
renewables mean that the “phasedown” of gas as well as coal power required for
this transition is “now within reach”. However, it also says stalling nuclear
and hydropower construction needs to be reversed.
Meeting
demand
Global electricity demand has
been rising for decades, due to rising populations, increasing
industrialisation and higher incomes.
Moreover, this trend is set
to continue, particularly as more people switch their fossil fuel-driven cars
and heaters to electric models. Demand will also increase as power is supplied
to the 775 million people who still lack access to
electricity.