Good news from the green energy transition front: Carbon emissions generated by the electricity sector fell at the fastest rate in at least 30 years as countries turned their backs on coal, analysis suggests.
Overall, coal-fueled electricity declined 3 percent in 2019, leading to a 2 percent fall in the power sector’s carbon dioxide emissions, according to a worldwide assessment by climate think tank Ember.
The report revealed that renewable wind and solar power rose by 15 percent in 2019 to make up 8 percent of the world’s electricity. In the EU, wind and solar power made up almost a fifth of the electricity generated last year, ahead of the US which relied on these renewable sources for 11 percent of its electricity.
If the growth trend of renewable energy generation continues, the world has a good chance to meet the Paris climate goals, but this will require colossal efforts from policymakers and the corporate world — hopefully, such efforts will be delivered.
