The renewable energy boom has almost "zero impact" on oil and gas

Although renewable energy accounts for an increasing share of the world's total energy consumption, oil, natural gas, and coal still account for more than 80% of global energy consumption
.

The authoritative global renewable energy platform-REN21 recently released a report that the use of fossil fuels in total global energy consumption has fallen by 0.

Rana Adibi, managing director of REN21, said, "We are aware of the painful reality that most of the climate policy commitments in the past 10 years are just empty talk, and the share of fossil fuels in energy consumption has not changed
.

For green energy advocates, this is a thought-provoking question: Why has the record-breaking increase in renewable energy production capacity in the past 10 years failed to significantly reduce global oil and natural gas use?

The reason is that the world's energy demand continues to grow.

Fossil fuel is still king

Although most analysts have focused their attention on the ambitious climate commitments and policies of advanced economies, developing economies have experienced the fastest growth in energy demand
.

When considering the development of renewable energy, analysts tend to pay attention to the substantial increase in the installed capacity of solar and wind power generation in developed and developing countries, as well as the decline in the cost of solar and wind power generation
.

　　The share of renewable energy in energy consumption has only slightly increased

　　The REN21 report stated that as of 2019, renewable energy (excluding biomass energy) accounted for approximately 11.

　　The author of the report wrote: “Although some renewable energy sources have grown surprisingly, their share of energy consumption has only increased slightly each year
.

　　Although renewable energy production capacity has been increasing in recent years, it has not had much impact on global fossil fuel consumption
.

　　Record renewable energy production capacity

　　The International Renewable Energy Agency stated earlier this year that although the new crown pneumonia epidemic has had an impact on the economy, the increase in global renewable energy production capacity in 2020 exceeds previous estimates
.

　　The International Renewable Energy Agency pointed out that more than 80% of the newly added power capacity last year was renewable energy, of which solar and wind energy accounted for 91%
.

　　However, it is the power industry that has made real progress in renewable energy over the past 10 years, but electricity is not the only source of global energy consumption
.

　　Inequality in global energy distribution

　　In June, the International Renewable Energy Agency, the International Energy Agency, the United Nations Department of Economic and Social Affairs, the World Bank and the World Health Organization jointly issued a report that said, “In the past ten years, more people around the world have received electricity, more than ever before.
other time, but not in sub-Saharan Africa the number of available power actually increased "
.

　　The International Renewable Energy Agency stated that unless poor countries make efforts to increase their energy supply, they will not be able to ensure that all people in the world have access to affordable, reliable, sustainable and modern energy by 2030
.

　　The International Energy Agency stated in the report that if the world hopes to achieve net zero emissions by 2050, it will never need new oil and gas investment
.
But for many developing countries, net zero emissions cannot be achieved without international assistance
.
In order to ensure the deployment of key technologies and infrastructure, developing countries need technical and financial support
.
(Li Jun)

　　Transfer from: China Petrochemical News