Global power sector emissions are likely to have peaked in 2022 marking the start of a new era, according to a new report.
Climate think-tank Ember’s latest Global Electricity Review said clean power growth is likely to exceed electricity demand growth in 2023, the first year for this to happen outside of a recession.
“With average growth in electricity demand and clean power, we forecast that 2023 will see a small fall in fossil fuel generation, with bigger falls in subsequent years as wind and solar grow further. A new era of falling power sector emissions is close,” it predicted.
The report also found that wind generation capacity in the UK jumped by 23% last year and highlights the UK’s progress in reducing coal power.
The UK has seen the largest fall in coal generation in the G20 with a decrease from 23% in 2015 to 1.6% in 2022.
Overall, the report found that global electricity is now at its cleanest-ever, as wind and solar now generate 12% of global power.
“A new era of falling fossil emissions means the coal power phasedown will happen, and the end of gas power growth is now within sight. However, it all depends on the actions taken now by governments, businesses and citizens to put the world on a pathway to clean power by 2040,” said Małgorzata Wiatros-Motyka, Senior Electricity Analyst for Ember.