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.