The world is reducing its reliance on fossil fuels – except for in three key sectors
(The Guardian, 9 Feb 2024) Dramatic changes in energy industry and EVs reducing fossil fuel use, but shipping, aviation and industry a long way from net zero
Humanity has made some uneven progress in reducing our addiction to fossil fuels – but there remain three areas of our lives in which we are notably not on track to kick the habit over the next 30 years, according to a new analysis.
Record levels of investment in clean energy (solar has been called the cheapest source of electricity in history by the International Energy Agency) and a decline in coal-powered generation means less and less of the world’s power will come from fossil fuels between now and 2050, the analysis from Rhodium shows.
Similarly, the blossoming electric vehicle market is going to drive down emissions from cars and trucks, with global oil consumption for on-road vehicles set to drop by 50% over the next three decades, the forecast finds.
But even with these dramatic changes reshaping two of the world’s hungriest consumers of fossil fuels, emissions are still a long way from hitting net zero by 2050, as scientists say they must if dangerous global heating – spurring worsening heatwaves, floods, droughts and more – is to be avoided.