Fossil fuels still dwarf green energy that holds the key to environmental justice
By Jeph Ajobaju, Chief Copy Editor
Use of renewable energy is not keeping pace with government plans worldwide as fossil fuels remain dominant in industry, particularly transport, which consumes a greater proportion of oil, gas, and coal.
Green energy holds the key to future economic prosperity, but countries will have to reduce or stop fossil fuel subsidy that costs $11 million per minute worldwide and accounted for 7 per cent of global Gross Domestic Product (GDP) in 2020.
Legislation also has to be made and enforced to discourage fossil fuel consumption and encourage more uptake of renewable energy that provides every country the opportunity for greater energy autonomy and security.
The BBC reports below how a new study says that the world is using more fossil fuels than ever as the transition to green energy stalls – and what can be done to reserve the trend
Minimal rise in green energy use
The Renewables 2022 Global Status Report says the share of wind and solar in the global energy mix has risen minimally in the last decade.
While renewables boomed in the electricity sector last year, they didn’t meet the overall rise in demand.
In transport, which accounts for a third of energy, renewables provided less than 4%.
The current situation in Ukraine has exacerbated this trend, according to the authors.
REN21 is an international energy policy network made up of industry figures, scientists, and some governments.
Their 17th annual status report draws on over 600 experts to produce a snapshot of what is really happening in terms of renewable energy.
The study says that the transition to renewables, in essence, has stalled. The use of coal, oil and gas continues to dominate total energy consumption.
“The share of renewable energy has moved in the last decade from 10.6% to 11.7%, but fossil fuels, all coal and gas have moved from 80.1% to 79.6%. So, it’s stagnating,” said Rana Adib, the executive director of REN21.
“And since the energy demand is rising, this actually means that we are consuming more fossil fuels than ever.”
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Rise in fossil fuel use
As the world rebounded from Covid-19 in 2021, there was a significant rise in overall energy use, most of which was met by fossil fuels.
This resulted in a major rise in carbon emissions, which increased globally by around 2 billion tonnes.
Since then, as supplies have struggled to keep up with demand, the prices of oil, gas and coal have risen sharply.
The Russian invasion of Ukraine has added to the uncertainty and seen governments scampering to find alternative sources.
As energy prices have risen for consumers, some countries, including the UK, have imposed new taxes on the profits made by oil and gas producers.
However, many nations have also enacted new subsidies for fossil fuels.
“We’re spending globally $11m per minute on subsidising fossil fuel. In 2020, this was 7% of the global GDP,” said Rana Adib.
“This obviously creates a system which is unbalanced, because even though renewable energy is an economic alternative to fossil fuels, it’s not playing in a fair market.”
Importance of policies to change attitudes
While renewable energy had reached 10% of global electricity production in 2021, the problems lie in challenging areas such as transport.
Cars, lorries, ships and airplanes account for 32% of total final energy consumption, but green energy only had a 3.7% share last year.
According to Rana Adib, the slow progress underlines the critical importance of policies in moving markets and attitudes.
“The reality is with a ban of the internal combustion engine, there’s a regulatory obligation to move away from this, so we see a trend in electric mobility, which is ramping up in quite an exponential way, and I think this is quite encouraging.”
There’s also been a lack of progress on the political promises made at COP26, the big international climate conference last year.
While 135 countries had net zero emissions targets for 2050 in the run up to the meeting in Glasgow, only 84 had economy-wide targets for renewables.
But that was before the world changing events since the beginning of 2022.
The surging prices of energy mean governments are now reaching for every tool to ease the burden on their citizens.
And that could possibly see a big rise in spending on greener sources, as they are not just much cheaper than fossil fuels, they are more attractive for other reasons as well.
“The energy transition is our lifeline,” said Teresa Ribera, a vice president in Spain’s government.
“It will enable innovative business models and forms of organisation, transform value chains, redistribute economic power and shape governance in new, more people-centred ways.
“With the right investments in technology, renewables are the only energy sources offering every country in the world a chance for greater energy autonomy and security.”