The Strategist

Energy Institute: Global emissions from fossil fuels hit record high



06/21/2024 - 09:25



Global energy consumption, from hydrocarbon and renewable sources combined, hit a record high at the end of the previous year, according to information from the international Energy Institute (EI). Global primary energy consumption reached 620 exajoules (eJ) in 2023, a new record and an increase of 2% over the previous year.



Nick Humphries
Nick Humphries
In 2022, hydrocarbon energy consumption also hit a record high, up 1.5% annually to 505 eJ. This increase was mostly due to increased consumption of coal (up 1.6%), oil (up 2%), and gas (flat).

The rise in hydrocarbon fuel consumption also drove CO2 emissions to a record 40 gigatons last year, up 2% from 2022.

With the exception of hydropower, the amount of energy consumed from renewable energy sources (RES) increased by 13% to 4,748 terawatt-hours, a record high. Solar and wind energy played a major role in the increase in the generation of renewable energy. Last year, the percentage of RES in the world's energy consumption was 8%, and 15% when HPPs are taken into account.

source: reuters.com




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