https://adamtooze.substack.com/p/chartbook-284-the-beginning-of-a
"In May 2024 the clean energy think tank Ember published a worldwide Review of
electricity generation that announced a profoundly important historical turning
point.
Electrification is key to the new energy system that is being built around the
world. Electricity generation is one process we do know how to decarbonize.
With concerted action, net neutrality is within reach in electric power
generation for OECD countries by the 2030s and for the whole world by 2045.
Furthermore, as Ember points out, electrification will replace “fossil fuel
burning that currently takes place in car and bus engines, boilers, furnaces
and other applications”.
Green electrification is the key to the future. And in 2023, according to
Ember’s report, almost the entirety of new power demand was covered by growth
in renewables, above all solar. Though there was growth in demand for
electricity around the world, fossil fuel generation barely increased. Growth
in solar and wind alone were sufficient to cover 82 percent of new electricity
demand.
This is not new in rich countries. In the OECD demand growth for electricity is
not strong or is even negative and renewable investment has been ongoing for
two decades. The sensation is that this is now happening at the global level
where the growth in demand for electric power is relentless.
In 2024 Ember expects the trend to be even more pronounced. This year, for the
first time there will be substantial growth in global demand for electricity,
whilst fossil fuel generation will likely fall."
Via
Fix the News:
<
https://fixthenews.com/good-news-cancer-canada-conservation-png-iberian-lynx/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
