“RECORD GROWTH IN RENEWABLES, BUT WORLD MISSED HISTORIC CHANCE FOR A CLEAN ENERGY RECOVERY”
“RECORD GROWTH IN RENEWABLES,
BUT WORLD MISSED HISTORIC CHANCE
FOR A CLEAN ENERGY RECOVERY”
After two years of the COVID-19 pandemic, the world was hoping for a green recovery to “build back better”
Yet the global energy transition is not happening. A rebound in economic activity led to a roughly 4% increase in global energy demand, much of which was met by fossil fuels. The spike in energy prices in the second half of the year, followed by the Russian Federation’s invasion of Ukraine in early 2022, contributed to an unprecedented global energy crisis and commodity shock.
The year must serve as a turning point for the energy transition.
The crisis facing our current fossil fuel-based energy system is alarming, and we urgently need to transition to renewables in all economic and societal activities. Renewables need to be at the heart of the political response to the energy crisis. Only an energy-efficient and renewable-based economy can be a game changer for a more secure, resilient, low-cost – and sustainable energy system.
https://www.ren21.net/gsr-2022/
