The End of Fossil Age or A Beginning to Green Era? Renewable Energy Insights

The fossil age is indeed about to end. However, decarbonization has promoted renewable energy production with a declining environmental carbon emission rate.

In the fourth annual Global Electricity Review 2023, Ember Think Tank Energy experts stated that green energy power generation would soon end the fossil age. The report was focused on providing an up-to-date overview of worldwide electricity generation transitions in 2022. According to the analysis, over 40% of the carbon dioxide (CO2) in the environment is released by burning fossil fuels for power generation. The report’s findings exhibit the considerable potential of renewables replacing fossil fuels. More communities have shifted to green energy resulting in the decarbonization of carbon in the atmosphere.

Moreover, 2022 proved to be the most efficient year of renewable energy production, where wind and solar plants generated 12% of energy production globally.

Wind and solar power generation are more likely to be advanced due to the increased demand for electricity. However, the expansion of wind and solar energy production is already grown by 15-20% 

Wind and solar energy are already generated and advanced by 15-20% annually. 

Due to the promotion of renewable energy, it is forecasted that 2023 will be the year of carbon emission fall as wind and solar power generation have taken over the lead. 

Wind and solar energy has already been produced in many countries and have proved to be a more stable and economical source of power generation than fossil fuels. 

Ember concluded its annual global electricity review with the following stats:

1. All renewable and nuclear energy sources represented a 39% share of global energy production in 2022.
2. The solar energy production share rose to 24% compared to the previous year.
3. Wind power share increased to 17% in 2021.

The efficient production of wind and solar power met 80% of the surge in global electricity demand in 2022.

Considering the increased electricity demand and clean energy production, Ember's report predicts that fossil fuel generation will decline by 0.3% in 2023 as more wind and solar power will be produced. Moreover, as per the Internal Energy Agency, wind, and solar power production would have to reach 41% globally by 2030 in order to minimize carbon emissions to zero by 2040.