"Fossil Fuels' Electricity Production Contribution Decreases for First Time"
Clean Energy Sources to Account for 40% of Global Electricity Generation by 2023
According to the 'Global Electricity Review 2023' report, which analyzed data from 78 countries that account for 93% of global electricity demand, clean sources such as wind, solar, hydroelectric, and nuclear energy are expected to account for nearly 40% of global electricity generation in 2023.
In 2022, 12% of global electricity production came from solar and wind energy, with China contributing to almost half of the increase in wind energy and 40% of the increase in solar energy. Solar energy was identified as the fastest growing electricity generation source, with its contribution to global electricity production increasing by 24% compared to 2021.
Despite the increase in the use of clean energy sources, coal remained the largest contributor to electricity generation in 2022, providing 36% of global electricity production.
However, the report states that the contribution of fossil fuels to electricity generation will gradually decrease in the following years and be replaced by clean energy sources. The company behind the research even predicts that clean energy sources could meet global demand in 2023.
The report's findings indicate an overall shift towards the use of cleaner energy sources and a move away from reliance on harmful fossil fuels. With the continuing development and innovation in clean energy technologies, it is likely that this trend will continue in the future.
