BP Energy Review 2022

By Paul Homewood

I’m amazed they’re surprised!

Renewables growth did not dent fossil fuel dominance in 2022, a report has revealed.

Renewable energy failed to shift the dominance of fossil fuels in 2022, a new report has shown, despite a massive growth in wind and solar capacity.

Global energy demand rose 1 percent last year, the Statistical Review of World Energy report revealed on Monday – and the 82 percent of total supply was provided by oil and gas generation.

This is despite a massive increases in renewable capacity, which grew by a whopping 266 gigawatts.

“Despite further strong growth in wind and solar in the power sector, overall global energy-related greenhouse gas emissions increased again,” said the president of the UK-based global industry body Energy Institute, Juliet Davenport.

“We are still heading in the opposite direction to that required by the Paris Agreement.”

https://www.euronews.com/green/2023/06/26/wrong-direction-fossil-fuels-still-dominate-despite-growth-in-renewables-report-reveals

The Annual Review used to be published by BP, but apparently, in their words, “The Statistical Review of World Energy has a new custodian: the Energy Institute (EI), the chartered professional membership body for people who work in energy”.

It is slightly concerning then that the Energy Institute is not quite the professional body that BP make out, but a lobby group for Net Zero:

https://www.energyinst.org/

Nevertheless, the spreadsheets still look the same, and we can ignore a lot of the fluff published in the EI report, as the chart below tells us all we really need to know:

https://www.energyinst.org/statistical-review/resources-and-data-downloads

In essence nothing has changed year-on-year. Although renewable energy output has risen by 13%, its share of total energy has only gone from 1.5% to 1.7% (in contrast to EuroNews’ attempts to fool readers with claims of an increase of a whopping 266 gigawatts).

The other chart of interest is CO2 emissions, which have resumed their steady rise following signs of a standstill last year, which as I noted at the time was probably Covid related. They rose 1% from 2021 to 2022, and now stand 5% higher than in 2015 when the Paris Agreement was signed: