Peak emissions as China & Europe ramp up output aspirations will be tested: Maguire
In a positive research released this week, think tank Ember stated that a record 12% of the world’s electricity was produced by renewable sources in 2022 and predicted that as additional renewable supply capacity emerges, fossil fuel emissions may soon start to slowly fall.
The research, which was based on in-depth analyses of power generation trends across multiple major nations and included specific pipelines for developing solar and wind capacity in all important locations, has received praise from climate trackers.
However, despite the fact that renewables are undoubtedly increasing market share in every relevant power sector at a record rate, electricity emissions may actually worsen this year because to the coordinated recovery of the economies in China and Europe.
The combined industrial production of the two regions was severely reduced in 2022 as a result of frequent COVID-19 lockdowns in China and a power crisis in Europe.
According to Ember statistics, China and Europe nevertheless increased fossil fuel power emissions of carbon dioxide (CO2) to a record 5.99 billion tonnes in 2022, demonstrating their combined polluting power even in difficult economic times.
The economies of China and Europe are anticipated to resume growth in 2023 as factories and production lines ramp up output from the low levels of the previous year, leading to an increase in overall energy consumption.
As a result of Russia’s invasion of Ukraine last year, the world’s natural gas markets are still unstable, making it difficult for power producers in China and Europe to expand electricity generating levels without turning to more coal. This might cause emissions to increase even further and dash future predictions of declining levels of pollution from fossil fuels.