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Originally Posted by Fuzz
I'll believe it when I see it. Given the increasing electrical demand, and necessity to backup a lot of intermittent renewables with reliable sources, I'm not convinced renewables are going to offset so much as add to.
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In 2022, according to the IEA, there were more renewables added than the total increase in global electricity generation. Meaning, all of the growth was provided by renewables. Yes, China is adding lots of coal plants, but most are sitting largely unused and are due to a complicated local incentive scheme on increasing generation capacity.
And while this is about China, it's going to be a similar story about global electricity generation:
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Despite impressive acceleration in clean energy installations, annually added power generation still hasn’t reached the level where it matches growth in electricity demand, resulting in continued growth in demand for power generation from coal. However, the point when all demand growth is covered from clean sources is likely to be reached soon, as the targets for annual wind and solar installations, in particular, are increased.
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This is likely to happen in China in 2024
