Renewables are still just meeting increased demand for electricity rather than replacing fossil fuels, according to DNV’s Energy Transition Outlook
The report finds that between 2017-2022 fossil fuels met 51% of new energy demand, despite a rapid buildout of renewable capacity.
Solar installations reached a record 250GW in 2022, according to the research.
Wind power will deliver 7% of global grid-connected electricity and installed capacity will double by 2030, despite inflationary and supply chain headwinds, DNV forecast.
Electricity production will more than double between now and 2050, bringing efficiencies to the energy system, according to the report.
The fossil to non-fossil split of the energy mix is currently 80/20 but this will move to a 48/52 split by mid-century. https://renews.biz/88700/renewables-not-replacing-fossil-fuels/?fbclid=IwAR3Ub5JPNiyOVtgKPVs_MINHcYNQ17IUqtxnzK-zxFHkTxk_VXVI7PiYzn8
0 Comments