Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said on Monday.
As before, any renewable capacity added does not substitute fossil energy used but adds to the total envelope. I’m unsure how this looks in the net energy use since we lack comprehensive ERoEI accounting. We know oil liquid net energy is expected to peak as early as 2025, so coal and natural gas are likely not far behind.
The really interesting part is the decline right. If it’s cliff-like…
As before, any renewable capacity added does not substitute fossil energy used but adds to the total envelope. I’m unsure how this looks in the net energy use since we lack comprehensive ERoEI accounting. We know oil liquid net energy is expected to peak as early as 2025, so coal and natural gas are likely not far behind.
The really interesting part is the decline right. If it’s cliff-like…