Report: Fossil Fuel Use Drove Global Emissions to Record Level in 2023

Facts

• According to a new report by the Energy Institute, global fossil fuel use has reached a record high, despite the expansion of sustainable energy sources. Last year, global fossil fuel usage resulted in global emissions exceeding 40 gigatons of carbon dioxide for the first time.¹
• Renewable energy consumption reached a record 4.7 terawatt hours, up 13% over the previous year and driven by increases in solar and wind power capacity. About 15% of primary energy came from renewable sources, including hydroelectric electricity.²
• Global renewable energy capacity is rising rapidly but isn't currently enough to meet energy demand. Worldwide energy consumption rose by 2% to 620 Exajoules, with fossil fuels making up 81.5% of primary energy consumption, down from 82% in 2022.³
• The findings contradict predictions that 2023 would be the peak year for emissions before the global fossil fuel economy declines permanently,⁴
• According to the study, the Global South consumed 56% of global energy and grew double-digits. China consumed 56% of the world's coal, while India consumed more than Europe and North America combined for the first time.⁵
• China is also adding significant renewable capabilities and is reducing its fossil fuel use. Europe and North America have consumed the least coal since 1965, and according to the study, solar and wind power are increasing significantly.⁶

Sources: ¹Guardian, ²BusinessGreen News, ³Reuters, ⁴Voice of America, ⁵Al Jazeera and ⁶CNN.

Narratives

• Narrative A, as provided by Statistical review of world energy. This report reveals that global energy demand remains at record levels, leading to a significant increase in fossil fuel consumption and subsequently causing unprecedented emissions. The shift towards renewable energy is advancing at a slow pace, however, the report also highlights a remarkable increase in the production of renewable energy — particularly from wind and solar energy.
• Narrative B, as provided by CNN. This year's review paints a gloomy image of a world failing to transition away from planet-warming fossil fuels as the effects of the climate crisis accelerate and become more deadly with each passing day. If we want to reverse the tide of fossil fuel consumption, there must be a much faster rise in renewables. If we are to succeed in limiting climate change and meeting Paris Agreement targets, we must reduce emissions by 50% by the end of the decade. 

Predictions