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World / Climate


THESE 4 CHARTS SHOW THE WORLD JUST PASSED A MAJOR CLEAN ENERGY MILESTONE

By Laura Paddison, Rachel Wilson, Jhasua Razo and Lou Robinson, CNN
4 minute read
Published 4:00 AM EDT, Wed May 8, 2024
Link Copied!
The Villanueva solar power plant in Coahuila State, Mexico. Solar power boomed
in 2023, the fastest growing source of electricity generation for the 19th year
running, according to new data.
Alfredo Estrella/AFP/Getty Images
CNN  — 

The world has passed a clean energy milestone, as a boom in wind and solar meant
a record-breaking 30% of the world’s electricity was produced by renewables last
year, new data shows.

The planet is reaching “a crucial turning point” toward clean energy, according
to the Global Electricity Review published Wednesday by climate think tank
Ember. It predicts global fossil fuel generation will fall slightly in 2024,
before experiencing much bigger declines in subsequent years.

It’s a significant step toward the world reaching 60% renewable electricity by
2030, which is critical to meeting global climate goals, said Dave Jones, global
insights director at Ember.

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“The renewables future has arrived,” Jones said. “Solar in particular is
accelerating faster than anyone thought possible.”

A look at the data reveals just how much the global power sector is changing.


RECORD-BREAKING RENEWABLES

In 2000, renewables made up less than 19% of the global energy mix. Now they
make up more than 30%. Taking nuclear energy into account, the world generated
almost 40% of its electricity from low-carbon sources last year.

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Although global levels of planet-heating pollution reached a record high in
2023, the boom in renewables has pushed the electricity sector’s carbon
intensity — the amount of carbon pollution produced per unit of electricity — to
a record low in 2023, 12% less than its 2007 peak.



The rise of renewables is also pushing fossil fuels into decline, slowing their
growth by almost two-thirds over the past decade, the report found. Already,
more than half of countries are five years past their peak in fossil
fuel-generated electricity.

Fossil fuels’ share in the overall electricity mix has fallen from 64.7% in 2000
to 60.6% in 2023. Ember predicts this number will drop significantly in 2024, to
57.6%, as the rapid increase in solar starts to be felt.

“We’re going to get that boom in renewables, which will really change the
picture very quickly,” Jones told CNN.


BOOMING SOLAR

Solar was the fastest-growing source of electricity in 2023 for the 19th
consecutive year, according to the report. It made up nearly twice as much new
electricity generation as coal last year.

The surge of solar installations happened at the end of 2023, so the full effect
is yet to be felt, said Jones. “I think that 2024 will bring a bit of a shock
when you start seeing those numbers,” he said, especially among those who assume
the demand for fossil fuels such as gas is going to just keep rising.



While coal and gas still make up the bulk of global electricity generation,
their growth rate last year was far lower than that of wind and solar.

“The speed of solar and wind expansion is remarkable and a sign that society can
bring about rapid change,” said Niklas Höhne, a climate scientist at the
non-profit the NewClimate Institute, who was not involved in Ember’s research.

Renewable growth would have been even higher if it hadn’t been for significant
drops in hydropower output due to drought in countries such as China and India,
the report found. The shortfall was mostly filled by coal.


CHINA LEADING THE PACK



China is far and away the leader on solar, accounting for nearly 36% of global
generation last year.

But it’s a different story when looking at how big a role it plays in China’s
national electricity mix — just 6%, far below many other major solar-producing
nations.

Solar makes up more than 10% of annual electricity generation in 33 countries,
according to the report, including Chile (30%), Australia (17%) and the
Netherlands (17%) — and California, the world’s fifth-largest economy, generates
28% of its electricity from solar.


ELECTRICITY DEMAND SET TO SOAR

Global electricity demand increased to a record high in 2023 — adding the
equivalent of Canada’s entire electricity demand — but the rate of growth slowed
compared to the average over the past decade.

China was the main driver of demand, while the United States and the European
Union saw sharp falls amid milder weather and — particularly for the EU — a
temporary slump in industrial activity.



Electricity demand is set to soar from 2024 onward, Ember’s analysis found.
Electric vehicles, heat pumps and electrolysis — the process used to make green
hydrogen, a much-hyped clean energy — will increase demand, alongside
technologies such as air conditioning and artificial intelligence.

The spread of these technologies will increase the growth in electricity demand,
but overall demand will decline as electrification is more efficient than fossil
fuels, according to the report.

Overall, Ember’s report “does provide hope,” said Nancy Haegel, a research
advisor at the National Renewable Energy Laboratory, who was not involved in the
analysis. “It shows that we can generate significant amounts of electricity with
renewable energy.”

The question is whether the pace of the transition will be fast enough, she told
CNN. “Choices in the next 10 years are critical.”




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List of IAB Vendors‎

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