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Fossil Fuel Consumption and Emissions Break a Record in 2023
30 Nov 2023Global fossil fuel consumption and energy emissions will reach all-time highs in 2023, according to the results of a new study.
The Energy Institute's study titled "World Energy Statistical Review" revealed that global fossil fuel consumption and energy emissions reached all-time highs in 2023, while the share of fossil fuels in the global energy mix decreased slightly on a yearly basis.
Despite the increasing scale of renewable energy sources, increasing fossil fuel demand may be an obstacle to the transition to low-carbon energy, which is crucial for limiting global temperature increases to 1.5 degrees compared to the pre-industrial period. Scientists say that as the 1.5 degree threshold is permanently exceeded, the strength and frequency of extreme weather events such as heat waves, droughts and floods will increase.
We hope this report will help governments and world leaders by providing a clear perspective on the challenges facing them,” said Romain Debarre from consultancy firm Kearney, which supported the preparation of the report with KPMG.
Last year was the first full year in which Russia's energy flows were redirected away from the West after Moscow invaded Ukraine in 2022, as well as the first without major movement restrictions linked to the COVID-19 pandemic.
The report stated that global primary energy consumption reached an all-time high of 620 Exajoules (EJ), as emissions exceeded 40 gigatonnes of CO2 for the first time.
"In a year that saw the contribution of renewable energy sources reach a new record level, increasingly global energy demand means the share from fossil fuels remains virtually unchanged," said Simon Virley from consultancy KPMG.
The report noted changing trends in fossil fuel use in different regions. For example, in Europe, the share of fossil fuels in energy fell below 70% for the first time since the industrial revolution.
Nick Wayth, Chief Executive of the Energy Institute, said: "We are seeing signs that demand for fossil fuels is peaking in advanced economies, which contrasts with economies in the Global South where economic development and improvements in quality of life continue to support fossil growth."
The report stated that almost all of the increase in demand in India in 2023 was due to fossil fuels, while fossil fuel use in China increased by 6% and reached a new record. But China also accounted for more than half of global additions to renewable energy production last year.
Source: Climate News
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