An upbeat report this week by think tank Ember revealed that a record 12% of global electricity was generated by renewable sources in 2022, and declared that fossil fuel emissions may soon steadily decline as more renewable supply capacity emerges.
The sun rises behind windmills at a wind farm in Palm Springs, California, February 9, 2011. REUTERS/Lucy Nicholson
Industries in both regions were impaired in 2022 by repeated COVID-19 lockdowns in China and a power crisis in Europe, which resulted in sharp cuts to their combined industrial output. That may lift emissions even higher, and confound expectations for drops in fossil fuel pollution levels going forward.China's protracted lockdowns to stem the spread of COVID-19 resulted in the Chinese economy expanding by only 3% in 2022, which was well short of the government target of around 5.
, which suggests increased coal emissions are likely over the coming months as the economy gathers further momentum.Data on German industrial activity is also showing growth in early 2023, and is likely indicative of a broader revival in Europe's industrial momentum.
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