Report: Fossil Fuel Use Drove Global Emissions to Record Level in 2023

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Jun 20, 2024

Image copyright: Gary Hershorn/Contributor/Corbis News via Getty Imagesstory last updated Jun 20

The Facts

According to a new report by the Energy Institute, global fossil fuel use has reached a record high, despite the expansion of sustainable energy sources. Last year, global fossil fuel usage resulted in global emissions exceeding 40 gigatons of carbon dioxide for the first time.
Renewable energy consumption reached a record 4.7 terawatt hours, up 13% over the previous year and driven by increases in solar and wind power capacity. About 15% of primary energy came from renewable sources, including hydroelectric electricity.

The Spin

Narrative A

This report reveals that global energy demand remains at record levels, leading to a significant increase in fossil fuel consumption and subsequently causing unprecedented emissions. The shift towards renewable energy is advancing at a slow pace, however, the report also highlights a remarkable increase in the production of renewable energy — particularly from wind and solar energy.

Statistical review of world energy

Narrative B

This year's review paints a gloomy image of a world failing to transition away from planet-warming fossil fuels as the effects of the climate crisis accelerate and become more deadly with each passing day. If we want to reverse the tide of fossil fuel consumption, there must be a much faster rise in renewables. If we are to succeed in limiting climate change and meeting Paris Agreement targets, we must reduce emissions by 50% by the end of the decade.