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The Shift to Renewable Energy Is Speeding Up. Here’s How.

by TSB Report
January 31, 2023
in Climate
Reading Time: 2 mins read
The Shift to Renewable Energy Is Speeding Up. Here’s How.
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In Europe, wind and solar accounted for 22 percent of electricity generation last year, overtaking for the first time the share of gas (20 percent) and coal (16 percent), according to Ember, a research firm.

“In 2023, Europe is set to witness a huge fall in fossil fuels — of coal power, yes, but especially gas power,” said the Ember report, which published on Tuesday.

Globally, renewable energy installations grew by 25 percent in 2022.

China’s investments exceeded, by a long shot, that of every other country.

Especially in the industrialized world, many people are going electric.

Never mind Tesla’s troubles. The electric car transition is in high gear.

In 2022, nearly 15 percent of all new car sales globally were electric, compared to 3 percent of all new car sales in 2019, according to the I.E.A. China dominates the market. More electric cars were sold in China than anywhere else. China’s biggest electric car and bus maker, BYD, has a higher global market share than Tesla.

At this pace, Birol said in an interview with Times journalists on Friday, by 2030, every second car sold in the biggest car markets — China, the United States and Europe — will be powered by electricity, not fossil fuels.

The heat pump became a hot item, especially in Europe this winter.

That’s a huge shift. For more than a hundred years, we have heated buildings with coal, oil, gas and wood. Globally, heat pump sales grew by 15 percent, according to the I.E.A. In some European countries, sales doubled in the first few months of 2022, following the Russian invasion of Ukraine.

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