From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
The IEA has revealed its newest Electrical energy Market Report:
That is the important thing part:
Fossil gas era elevated by 950 TWh final yr, whereas renewables elevated by 463 TWh.
A part of the rise pertains to restoration in demand from 2020 pandemic ranges, however it’s plain that renewable power will proceed to wrestle to even meet elevated demand in coming years, by no means thoughts begin changing fossil fuels.
My view is that the IEA are extremely optimistic in even that assumption, as we all know that coal energy continues to be assembly nearly all of further demand in China and India. It’s unlikely within the excessive that Europe and the US can offset this.
Whereas Fatih Birol whistles at midnight, the effective phrases at COP26 hit the wall of actuality.
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