The report says it’s becoming tough to reduce the use of fossil fuels because global conflicts and energy troubles are making things harder.
On Thursday, the Energy Institute revealed in its annual world-energy review that CO₂ from energy rose to an all-time high last year, for the fourth straight year. Even though renewables like wind and solar saw record growth, fossil fuel use continued to climb, driving emissions even higher. This situation highlights ongoing challenges in managing Global Energy worldwide.
Why This Is a Big Deal
Cutting down on fossil fuels is a big challenge right now. The war in Ukraine has shifted how countries get their oil and gas, especially from Russia. At the same time, conflicts in the Middle East create worries about the safety of energy supplies. Because of these issues, the path to cleaner energy is more difficult than ever. These difficulties affect the future of Global Energy on a global scale.
The world experienced its hottest year on record recently. In 2024, global temperatures rose above 1.5°C (34.7°F) compared to times before industrial activities began. This warming marks a serious sign of climate change’s impact on our planet. Climate change continues to challenge how we manage Global Energy.
Number Details
In 2024, people around the world used 2% more energy than the previous year. This increase happened in every type of energy, including oil, gas, coal, nuclear, water power, and green energy. According to the report, it’s the first time this has happened since 2006.
Energy use increased globally, causing carbon pollution to go up by about 1%. This pushed emissions past the earlier record to 40.8 billion tons of carbon dioxide equivalent. Reducing these harmful gases is still a major challenge moving forward. Lowering pollution remains a top priority for sustainable Global Energy.
Among all fossil fuels worldwide, natural gas saw the largest growth, rising by 2.5%. Coal also increased slightly by 1.2%, continuing to be the top energy source globally. Oil use grew a bit less, with an increase below 1%.
The report revealed that wind and solar power grew by 16%, which is nine times quicker than the overall increase in energy use.
The Basics
Last year, the Energy Institute, a team of experts in the energy field, teamed up with consulting firms KPMG and Kearney to create the report, taking over from BP who did it before.
Experts watching the growth of clean energy say that even though new renewable sources are increasing, the world is still behind in reaching the goal to triple renewable power by 2030.
Key Messages
Romain Debarre from Kearney, a report contributor, said last year marked a big change in energy worldwide due to growing conflicts between nations.
Wafa Jafri, a KPMG partner, mentioned that COP28 set a strong goal to increase renewable energy three times by 2030. However, the progress is uneven, and even with fast growth worldwide, we aren’t moving fast enough to meet this goal yet.
In 2023, the world gathered in Dubai for COP28, a big meeting about climate change. During this event, nations agreed to reduce their use of fossil fuels to help reach zero harmful emissions by the year 2050. International cooperation is key to shaping the future of Global Energy. This agreement marked a major step toward a cleaner and more sustainable world. Efforts made at COP28 may influence how countries manage Global Energy in the coming years.
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