2021-11-08 12:05:00
GLOBAL POWER DEMAND GROWTH
CNBC - NOV 3 - The world wants to “transition” away from fossil fuels toward green energy, but the difficult reality is this: Dirty fuels are not going away — or even declining — anytime soon.
The total amount of renewable energy that’s available is growing. That’s good news for a world threatened by potentially devastating climate change.
But the increase in renewable energy is still lower than the increase in global energy demand overall. A “transition” from fossil fuels may come someday, but for now, renewable energy isn’t even keeping pace with rising energy demand — so fossil fuel demand is still growing.
“The global power market is experiencing rapid power demand growth as markets recover from the pandemic. Despite all the capacity additions in renewables generation, the amount of power currently generated by renewables is still not enough to meet this increased demand,” Matthew Boyle, manager of global coal and Asia power analytics at S&P Global Platts, told CNBC.
The global supply of renewables will grow by 35 gigawatts from 2021 to 2022, but global power demand growth will go up by 100 gigawatts over the same period, according to Boyle. Countries will have to tap traditional fuel sources to meet the rest of the demand.
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Earlier:
2021, October, 22, 11:20:00
GLOBAL CARBON EMISSIONS WILL UP
Global energy-related carbon dioxide (CO2) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation and Development (OECD) over the next 30 years under current laws and regulations.
2021, October, 19, 12:35:00
GLOBAL ENERGY PRICES UP
Several factors are fuelling this price surge in energy commodities – primary among them is energy demand having rebounded as economies get back to business and consumers return to pre-pandemic levels of economic activity.
2021, October, 15, 09:35:00
GLOBAL OIL DEMAND WILL UP BY 5.8 MBD
World oil demand is estimated to increase by 5.8 mb/d in 2021, revised down from 5.96 mb/d in the previous month’s assessment.
2021, October, 13, 12:15:00
GLOBAL ELECTRICITY DEMAND NEARLY DOUBLES TO 2050
This scenario also sees an accelerating pace of change in the power sector, sufficient to realise a gradual decline in the sector’s emissions even as global electricity demand nearly doubles to 2050.
2021, October, 13, 12:10:00
GLOBAL ECONOMY GROWTH 2021-22: 5.9% - 4.9%
The global economy is projected to grow 5.9 percent in 2021 and 4.9 percent in 2022
2021, October, 11, 11:50:00
GLOBAL ENERGY CONSUMPTION WILL UP BY 50%
Global energy consumption will increase nearly 50% over the next 30 years.
2021, July, 5, 13:25:00
GLOBAL GAS DEMAND UP
“Natural gas demand is set to rebound strongly in 2021 and will keep rising further if governments do not implement strong policies to move the world onto a path towards net-zero emissions by mid-century,” the IEA said in its latest gas outlook.
