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October 2, 2022
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US to boost floating wind power Wind Power in South Korea – an overview GS E&C to develop bioethanol using cassava waste Korean business group has asked the US to make exceptions for Korean EV’s in Inflation Reduction Act Equinor’s Australian offshore wind debut Global energy transition stalls – 2022 Global Status Report in pictures India’s ReNew Power secures $1bn loan for gigascale 24/7 wind-solar-battery project POSCO International to merge with POSCO Energy Is the answer to Australia’s high electricity prices blowing in the wind? The Arctic has warmed ‘nearly four times faster’ than the global average Customer-centric demand response a key solution for Japan’s energy transition challenges Asia-Pacific forecast to reach 1 billion smart electricity meters by 2026 – study Polestar CEO Wants to Build O2 Electric Roadster Joanne Khew shifts from Standard Chartered Bank to ESG role at Eastspring Investments HCM City eyes advanced waste-management technologies Transitions to efficient LED lighting can mitigate the energy crisis New biobattery: using bacterial interactions to generate power European passenger plugin car market is still expanding Air Canada takes off with sustainable aviation fuel from San Francisco BrightNight expands into Australia GE Awarded 9HA Gas Turbine Order to Deliver Approximately 2 Gigawatts of Electricity in Guangdong, China Taking Action: Energy-Related Climate Change Mitigation Policies in ASEAN Meralco floats a tender of 850 MW renewable energy capacity Genex starts construction at flagship pumped hydro storage project GM bets on fuel-cell as battery shortcomings hamper clean energy transition Masdar and Cosmo Energy to explore renewable initiatives in Japan El Salvador Eyes Major Renewables Push Under New Partnership with IRENA Iberdrola eyes 3.5GW offshore wind in Philippines BP and Maersk successfully carry out marine biofuel trials The Korean way towards green growth

Global energy transition stalls – 2022 Global Status Report in pictures

In this edition, the Renewables 2022 Global Status Report makes an alarming point.

Despite record growth in renewable energy, the energy transition is not happening, and it’s not because of the Russian war in Ukraine.

Yes, there has been record additions to renewable power capacity. 

But the share of renewables in our global energy consumption is stagnating! 

The reality is that most progress in renewables happens in the power sector. 

But power is not energy! The largest energy consumers rely extensively on non-renewable energy.

Despite the unprecedented commitments to Net Zero made last year, governments still resort to old recipes to keep the energy bill under control.

As a result, the largest energy-consuming countries in the world, have the smallest shares of renewable energy.

Read more in the Renewables 2022 Global Status Report.


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