Fossil fuels—coal, oil, and natural gas—accounted for 87% of the world’s energy in 2024, while renewables’ share remains in single digits despite more than $5 trillion being spent on wind and solar in the last 20 years.
Last year, global energy supply increased by nearly 2%, driven by rising demand for all types of energy. Accounting for 65% of the increase was the Asia-Pacific region, which represents 47% of the world’s energy consumption and where 83% of the coal is burned and reigns as king of fuel sources. Together, China, India, and Indonesia produced 71% of the globe’s coal.
Commentary Samuel Furfari - ‘Green’ Europe’s Industrial Masochism - Clintel
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