Global Fossil Fuel Consumption and Energy Emissions Hit Record High in 2023
The latest industry report revealed that despite a slight decrease in the share of fossil fuels in the global energy mix, global fossil fuel consumption and energy emissions reached all-time highs in 2023. This poses a significant challenge for the transition to lower carbon energy as global temperatures continue to rise, nearing the critical threshold of 1.5 degrees Celsius.
Key Findings from the Report
- Global primary energy demand rose by 2 percent in 2023, reaching 620 EJ.
- Fossil fuel use accounted for 81.5 percent of the energy mix, with oil consumption exceeding 100 million bpd for the first time ever.
- Renewable fuel generation reached a new record high, growing by 13 percent.
Impact of Fossil Fuel Consumption in Different Regions
The report highlighted shifting trends in fossil fuel use across different regions. In Europe, the fossil fuel share of energy fell below 70 percent for the first time since the industrial revolution. However, in countries like India and China, fossil fuel consumption continued to rise, with China leading in renewable energy additions.
Challenges Ahead for Lowering Carbon Emissions
Despite the increasing contribution of renewables to the energy mix, the demand for fossil fuels remains high, leading to a rise in global energy consumption and emissions. Experts emphasize the need for clear-eyed action from governments and world leaders to address the growing challenge of transitioning to sustainable energy solutions.